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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