Deal Highlight - $7.7MM - 80% LTC - Topeka, KS

[Julien N. Hill]

Investment Info:

Large multi-family (5+ units) private money loan investment in Topeka.

Cash invested: $7,700,000

One of our broker partners approached us with a 144 unit multi-family property in Topeka, KS that was a time of essence closing. We immediately issued terms at 80% LTC – & provided the borrower with $7.7MM in proceeds inclusive of $1.1MM of renovation dollars held back over a 12 month fixed term. Our streamlined process enabled us to get this one to closing before the contract's expiration.

Asset: Multifamily Property (144 Units)
Proceeds: $7,702,948 ($1,102,948 Rehab Dollars)
Term: 12 Months