Hach of Refined arranges $4.75 million land loan

Queens, NY According to Refined, Joe Hach successfully arranged a $4.75 million land loan for a partially-built plot of single family homes in Hollis.

The loan paid off the current land loan and funded a hard cost reserve to complete three houses that are currently in construction, as well as a sizable cash out to the Borrower for him to use on other projects.

Hach arranged a 20-month fixed rate loan at 10.75% with a 1.50% lender fee taken at closing.

Tags: Brokerage

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