Development Funding with Senior Debt. The purpose of the loan facility was to provide funding for the construction of 74 seventy four town houses; ranging from 2 to 3 bedroom town homes. With construction tranches in 7 stages.
The amount of the loan facility is $22,850,000.00 as Senior Debt over a 12 months term per stage.Funding was completed in mid 2020 for 7.9% with a 1.25% establishment fee.
