Hach of Refined arranges $6.25 million in bridge financing

July 25, 2023 - National News

Monroe Township, NJ Refined announced a recent transaction facilitated by Joe Hach, partner at Refined. Hach arranged $6.25 million in bridge financing for a 102-lot land subdivision.

Here are key details of the transaction:

  • 80%+ LTC on day-one
  • $1.25 million in additional funds for future development phases
  • Negotiated an inter-creditor with a subordinate lender, behind the senior debt
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