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Brokerage
Posted: June 11, 2024
Hach of Refined arranges $2.5 million inventory loan for a residential condo project
Flushing, NY According to Refined, Joe Hach, partner, successfully arranged a $2.5 million inventory loan for a residential condo project.
The borrower’s construction loan had recently matured, but Refined were still able to negotiate a loan to pay off the existing debt, fund cash out proceeds for another project, and cover closing costs.
Hach arranged a 24-month fixed rate loan at 10.75% with 3 months of minimum interest.
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