Congratulations to our team and client on the recent funding of a construction loan for an industrial condo project in an urban market.
In today's climate, the importance of sponsorship liquidity, pre-sales, and development experience typically cannot be overstated. Our team collaborated closely with the lender, client, and consultants to mitigate these risks from the outset, ensuring a solid capital structure while getting the lender comfortable with limited pre-sales, limited development experience, & third party guarantees.
We look forward to following this project as it goes vertical.
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