Multifamily Property In Macon, GA

Loan Type:
Bridge Loan
Loan Amount:
$1,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
68%

Challenges

Borrower’s property condition needed some improvement. Smaller market. Capex for down units.

Solutions

Loan structure was key. Helped the borrower stabilize, implement construction monitoring and progress. Quick close.

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