Loan Type : Construction Loan
Loan : $2,600,000
A $2,600,000 construction loan for the acquisition and tenant fit-out of a DaVita Dialysis located in Springfield, Illinois. The loan was underwritten at 76% loan-to-stabilized-value and represents 90% loan-to-cost. The loan carries 24-month term with a floating rate of the prime plus 1.25%.