Twin Rivers

Covington, GA, USA

Loan Amount

$10,941,195

Deal Description

This deal was a great example of how when using creativity a borrower can really maximize on a given opportunity. We secured this high leverage construction loan for a active client of Kay Finance in the ground development space. They had purchased the land which over time had increased in value significantly. This loan was structured in way in which the sponsor was able to leverage their existing equity in the deal without having to come with any additional funds for the remainder of the construction build out.

Property Location

Covington, GA, USA

 Quick Stats 
Partner Type

Debt Fund

Program Type

Construction

Program details

- LTC: 85%
- Rate: 8.8%
- Term- 2+1 (Extension)
- IO Period - Full Term
- Recourse