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Updated over 4 years ago on .

Bunmi Alonge's profile image
Bunmi Alonge's profile image
Bunmi Alonge
  • Financial Advisor
  • from Hartford, CT
  • Member since Feb 20, 2020
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Bunmi Alonge's profile image
Bunmi Alonge's profile image
Bunmi Alonge
  • Financial Advisor
  • from Hartford, CT
  • Member since Feb 20, 2020
Connect
Bunmi Alonge
  • Financial Advisor
  • Hartford, CT
0
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6
Posts
General Real Estate Investing

REIT RE Transction

Bunmi Alonge
  • Financial Advisor
  • Hartford, CT
Posted

Below are answers to the questions that give a synopsis of what we are looking to achieve. Also see the attached working draft term sheet of a revolving credit facility that lays it out in detail.

* How much money is needed?

An initial draw of $10M.

Total initial gross facility commitment of up to $25M, with drawable availability subject to borrowing base restrictions

Facility initially can accordion to $50M with approval and commitments of lender(s)

* Collateral or Portfolio loan?

See attached work

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