Boise SFR Development

Boise, ID

Deal Overview

Inner Circle Capital arranged a successful closing of a 3 SFR construction loan in Boise, ID. Inner Circle Capital stepped up when an existing lending relationship for the borrower was faltering and delivered an 18-month construction loan that closed in 37 days to meet the borrower’s timeline.

The SFRs are being built to sell by an experienced and local developer.

Capital Advisor: Jaideep Chadha

Transaction Details

Loan Amount

$1,040,000

Loan to Value

70%

Term

18 Months

Prepayment

None

Rate

11.0%

Recourse

Full Recourse