Multifamily – Line of Credit

Southern, US


Funding Purpose

Client had purchased this property 60% vacant. Did a bunch of renovations and leased the building up to 95% occupancy. Did not use any debt so the property was owned free/clear. We put a line of credit on the building so that he could use the cash if/when he wanted.

Property Description

36 Unit multi-family building in the Southern US.


Very experienced multi-family investor who owns most of his properties in Texas and Las Vegas.


  • Tertiary Market


  • Were able to source a lender that was  local to the property and understood the boom going  on in the market


  • Interest Rate: 4%
  • Term: 5 Y
  • Recourse: Yes
  • Interest Only: Yes

Managing Director  | Capital Advisor