BOLOUR has provided financing for the final acquisition of a three phase land assemblage. The sponsor entitled the site for a mixed-use development that will include townhomes, apartments and retail. The loan allowed the sponsor to close on the final acquisition and pay for soft costs necessary to break ground.
BOLOUR provided a 12-month loan at 77% of the purchase price.
77% Loan-to-Purchase Price
No Appraisal Required