Fremont, CA
BOLOUR has provided a $1.2 million acquisition loan for the final phase of a five-acre land assemblage in Fremont, California’s Centerville District, a highly ranked urban neighborhood known for its desirability among well-educated professionals. Completion of the assemblage paves the way for the development of a brand new mixed-use project spanning 72 townhomes, 64 apartments and 25,000 square feet of retail space. BOLOUR provided the three-month loan at 100 percent of the site’s purchase price, giving the borrower the capital needed to finalize the subdivision of the site prior to breaking ground.
HIGHLIGHTS
Staged Funding
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High Leverage