Bison Closes $11 Million Cash-Out Refinance Land Loan

by David Repka

 

Bison announces the closing and funding of a land loan on the waterfront in Baltimore, MD

Overview:

  • $11 million refinance loan closed in 24 days from executed Term Sheet
  • Cash-out refinance for entitled land for 1,500 units and 140k sf of retail / office
  • Attractive partial pay downs as property is sold in phases
  • Reduced the loan rate from 11% to 8% fixed

Have a deal to discuss? Please send 6-8 bullet points to: moc.laicnanifnosibnull@evad or moc.laicnanifnosibnull@deraj

Click to learn more about:
Bison's Track Record of successful closings