Albemarle Townhomes
Inner Circle Capital Advisors is excited to announce the successful arrangement of a $1.4MM loan for 8 newly-leased townhomes in Albemarle, NC.
The loan was structured as a 30-year fixed, fully amortizing facility at 7.125%, secured within just 6 months of ownership—with no completed renovations and based on market value (not cost basis).
✅ Minimal fees
✅ 3-2-1 prepayment penalty for added flexibility
✅ Strategic use of proceeds to pay down a larger acquisition portfolio loan
This financing allows our client to unlock liquidity and continue refinancing their 18-townhome portfolio as units are leased, generating substantial cash-out proceeds while positioning them to capitalize on expected interest rate cuts.
Capital Advisors: Jaideep Chadha and BJ Simpson