May 2024 - $20.5 Million Mortgage Construction Loan

May 2024 - $20.5 Million Mortgage Construction Loan

Secured a $20.5 Million First Mortgage construction loan for a Build to Rent Owner/Operator to support the development and stabilization of its “Build to Rent” Community in the Sunbelt. The client has significant multistate development experience with a demonstrated track record of value creation.  This loan was highly competitive providing higher leverage, compared to traditional lenders, while providing attractive pricing and flexible structure.