Citifund arranged a 60% loan to appraised land value refinancing to takeout existing debt and fund the project’s predevelopment costs to date. The future condo site loan was structured at an attractive fixed rate of 7.20% for an 18-month term.
Citifund arranged a 60% loan to appraised land value refinancing to takeout existing debt and fund the project’s predevelopment costs to date. The future condo site loan was structured at an attractive fixed rate of 7.20% for an 18-month term.