This request represents a $2.3 million new-construction loan, with $340,000 to be funded at closing and a $1,960,000 construction holdback, secured by the Townhomes. The borrower’s primary exit strategy remains the retail sale of all units upon completion.
Collateral:
Type: Fix and Lease
Description:
This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.
- Loan Amount: $2,500,000
- Date: July 2026
