Search Property
Subordinated Note (3)
This is a b piece of a 1st position, senior loan on a multifamily property. The rehab has been completed as of September 15th. This is a medium rehab on a multifamily apartment complex similar to other projects the sponsor has acquired, renovated and refinanced in the past. The client over budgeted for the […]
This property is awaiting permits to build a new, luxury duplex. The loan is a bridge on the current duplex which is being rented month-to-month until the permits are finalized in Q4 of 2023.
This loan is a second position loan behind the borrowers existing ~$950K loan with a bank at less than 3%. The purpose of the loan is to complete a light renovation including paint, carpet/flooring upgrades, lighting, landscape and other minor improvements along with staging to maximize the speed and price of sale. With the $150,000 […]