Hach of Leviathan Capital arranges $1.428 million inventory loan

Boston, MA Leviathan Capital is pleased to announce that Joe Hach recently arranged a $1.428 million inventory loan secured by the final two units of a 30-unit condo project.

Facing an impending maturity date, the borrower approached Leviathan Capital for a refinance, which was successfully closed just three weeks after the term sheet was signed. The 8.99% loan features a 1% origination fee, no exit fee, and a flexible prepayment penalty to facilitate an easy exit via sale.