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Case Study – CRE Construction Loan (Beverly Hills)

OPPORTUNITY: Request for a construction loan to construct 35-unit apartment building in Beverly Hills.

BORROWER: Encore Developer

PROFESSION: Residential  and Commercial Construction and Development

SPONSOR/GUARANTOR: High Net Worth

SOLUTION: CRE Construction Loan

LOAN AMOUNT: $11,000,000

VALUE: $25,600,000 (‘subject to completion’) LTC: 51% LTV: 43%

DSCR: 1.21

 

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

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– Zig Ziglar