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