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CLOSING ANNOUNCEMENTS

 

BEACHROCK CLOSES A $4,000,000 CONSTRUCTION REVOLVER FOR THE CONSTRUCTION OF 19 SFRS - MID-CONSTRUCTION!

This transaction featured the following:

  • Due to unforeseen circumstances, the transaction required a lender willing to close quickly, without an appraisal, based only on current sales to validate value.  This required a lender that was very familiar with the underlying sub-market, and sales trends in the area, which was quickly identified.

  • Given the mid construction refinance, a lender that was able to understand the complexities of the transaction, and that knew how to work with the title company was critical.  

  • Beachrock was able to leverage the excellent reputation of the builder to get the job done in the time allotted.  

Anthony Ramsier