Alpharetta Development

Alpharetta, GA

Deal Overview

Inner Circle Capital has arranged a $3,000,000 loan for the acquisition and horizontal development of a 17-home SFR project in Alpharetta, GA. With favorable terms, including an interest-only payment structure for 36 months and a Prime + 1% interest rate, this loan is structured to provide flexibility during the development phase. The unencumbered land valued at $5,000,000 allows for a cash-out component once the project moves into vertical construction, ensuring additional liquidity and capital for the borrower. The project is well-positioned for success with a solid equity foundation and a creative financing solution.

Capital Advisor: Andrew Bouton

Transaction Details

Loan Amount

$3,000,000

Loan to Value

75%

Term

3 Years

Prepayment

None

Rate

Prime + 1.0% (Floating)

Recourse

Full Recourse