Tomball Land Loan
Texas
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Tomball
,
TX
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec9410b_Tomball%20Land.png)
Amount: $
697800
StackSource recently arranged financing for the cash-out refinance of a piece of land located in Tomball, Texas. The sponsor purchased the property in May 2022 using a hard money lender and Associate DirectorJaideep Chadha was able to refinance with no seasoning period. Jaideep secured the senior debt for this borrower with terms of a 60% LTV at a 5.2% rate, 5-year fixed, 15-year amortization, and no pre-payment penalty.
Deal Team
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