Case Study | Charlotte, NC
Investment Type
Refinance / Construction Completion
Property Description
Retail/Office
Location
Charlotte, NC
Loan Amount
$12,000,000
Seasoned real estate investor required a bridge loan to capitalize the fit-up of a retail/office investment property. The borrower developed the property and pre-leased the building 91% prior to retiring the construction loan. Stormfield’s loan allowed the sponsor to refinance the loan with a lower rate and complete fit-up of the future tenants space.
