Inner Circle Capital arranged a $3,700,000 loan for the development of a 9 townhomes in Meridian, ID. With favorable terms, including an interest-only payment structure for 15 months at 11% interest rate, this loan is structured to provide flexibility during the development phase.

The development financing allowed the borrower to utilize the land value lift due to entitlements, allowing for a 94.8% LTC. The high-leverage allows the borrower to maintain additional liquidity. The project is well-positioned for success with a solid equity foundation and a creative financing solution.

Capital Advisors: Jaideep Chadha