Willow Springs Land

Land, Cash Out Refi
Fort Worth
Amount: $

StackSource recently arranged the cash-out refinance of unentitled land located in Fort Worth, Texas, with the cash out being used to repay investors and cover pre-development soft costs. Associate Director Jaideep Chadha arranged the bridge-to-bridge financing, with a 12% interest rate and a loan duration of one year with no prepayment penalty. The loan amount is set at 60% of the property’s Broker Price Opinion (BPO) with no formal appraisal required.

Deal Team

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