Property Type: 4 Story Mixed-Use Apartment Building Containing 20 Apartments and 5,500 SF of Commercial Space
Property Identification: Advisor Identified as CRA Opportunity
Loan Type: Commercial Construction Loan – Ground up Construction with a Historical Component
Loan Amount: $6,300,000
Term: 24 Months Interest Only (Int. Reserves included in Loan Proceeds) and includes Two-6 Month Extension Options
Interest Rate: 3.94% at Close. [SOFR + 250 bps (Floating)]
Lender Fees: 0.50%
LTV/LTC: 75%
