Construction Loan – 94-Unit Build-to-Rent Townhomes

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$26,600,000

Construction Loan – 94-Unit Build-to-Rent Townhomes

Woodburn, OR

Vertical construction loan for Boones Crossing, a 96-unit build-to-rent townhome project. Proceeds refinanced existing mortgage, funded construction, and included an 18-month interest reserve.

Deal Terms

Loan Amount$26,600,000

Term18 Months

Rate7.99% Fixed

LTC74%

LTV59% at Completion

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