The borrower needed a non-recourse construction loan due to the subject’s location within an opportunity zone. The flexibility of a debt fund was accommodating to the loan structure and potential need for a quick close.
Property Type: Multifamily
Loan Amount: $13,000,000
Term: 30 Months
Amortization: Interest Only
Property: Riviera
Lender Type: Debt Fund
Construction Loan
Non-Recourse
