LAND FINANCING – PHOENIX, AZ
- Loan Amount – $1,210,000
- Purpose – Cash out
- Private Lender
- LTV: 55%
- Rate: 12%
- Term: 12 Months
- Amortization: Interest Only
- Recourse
Transaction Details:
Tower Capital arranged cash out land financing on a +/-10 acre development site in Phoenix, Arizona. The land was previously unencumbered. The financing provided liquidity for the borrower to fund remaining design and other predevelopment costs. The loan provided carries a 90-day prepayment penalty and afforded the borrower with maximum flexibility to quickly pay back the loan.
About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $100 Million and have financed over $1 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
