Hach of Leviathan Capital arranges $5.2 million land portfolio loan

Rockland County, NY According to Leviathan Capital, Joe Hach brokered a $5.2 million loan across a portfolio of partially-completed homes and vacant lots.

In order to provide maximum leverage on a new acquisition, Hach collateralized the borrower’s existing portfolio, in addition to the new purchase.

The loan closed at an attractive interest rate and a 0.75% fee at closing and 1% on the exit.

The loan features a flexible prepayment penalty and release prices for each of the assets, so that the borrower can refinance or sell out of the loan at ease.

Tags: Brokerage

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