Backing Business: Real Estate Developer-Investor

Looking to construct four two-story triplex townhomes in Miami, a real estate developer, investor, and holding entity owner reached out to our lending specialist, Jeanette Blanch, to finance the land acquisition and construction for three of the four buildings.

With a $4.7M revolving construction line of credit, we funded 75% of construction costs for the three buildings over a 24-month period. In the same approval, the borrower received an important value-add: a six-month extension option to help finance the fourth building’s construction contingent upon set performance metrics.

Fulfill your company’s expansion goals with our business lending solutions.