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Subordinate Bridge – Seattle, WA

>$100K Remaining

Subordinate Bridge – Seattle, WA

Note Size: $225,000
Maturity Date: 06/10/24

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 […]

24
18
Whole Note Yield: N/A
Partial Note Yield: 16.0%
Protected Note – Seattle, WA

>$100K Remaining

Protected Note – Seattle, WA

Note Size: $2,125,000
Maturity Date: 06/10/24

This is the A piece of a 1st position, senior loan. The B piece of this loan (approx. 10% of the total loan) will be the 1st to lose principal if principal loss was to occur.   This is a medium rehab on a multifamily apartment complex similar to other projects the sponsor has acquired, […]

16,212 SqFt
24
18
Whole Note Yield: N/A
Partial Note Yield: 8.0%