Assist a well-established, family-owned real estate developer securing construction financing for the much-needed renovation of a 15-story office building.
During COVID, identifying a bank that would have an appetite for a short-term, $1.1MM construction loan for an investment real estate property in Springfield VA.
After screening 4 banks, was able to secure a $1.2MM, short-term (9-month), cash-secured construction loan at a rate of 1.85%. Limited documentation was required.