Milwaukee Multifamily Value-Add

Milwaukee, WI

Deal Overview

Inner Circle Capital arranged financing for the purchase and improvement of an 18-unit multifamily property in Milwaukee, WI. The sponsors were out of state investors looking to acquire and improve the property. Inner Circle Capital secured a loan for 80% loan-to-cost, including rehab. Structuring the loan this way allowed the sponsors to reduce their capital investment, providing for a higher ROI. The loan also provided 1-year interest only and a small earn-out with a very attractive interest rate and amortization schedule.

Capital Advisors: Brett Rasmussen and Jaideep Chadha

Transaction Details

Loan Amount

$700,000

Loan to Value

80%

Term

5 Years

Prepayment

3-3-2-1-1 (only applies if refinanced at another financial institution)

Rate

6.42%

Recourse

Full Recourse