BOLOUR loan helps sponsor bridge into construction debt
Market: Santa Monica, CA
Loan Amount: $6.5MM
Purpose: Recapitalization
Sector: Land
Lot Size: 14,989 SF
Term: 24 Months
“BOLOUR worked with this national developer on this cash-out loan, allowing for construction drawings to be finalized before the Sponsor goes vertical. Once complete, this project will deliver 99 multifamily units to the highly sought after Santa Monica market. BOLOUR is here to support your development projects.”
Mark Bolour, CEO
Bolour offers competitive, reliable lending in 18 markets across the U.S. and for a broad range of product sectors. Visit bolourassociates.com/lending for more information or contact Clay Goldthwait directly at 323.677.0550 x1 or lending@bolourassociates.com.