Sacramento Construction Loan
Advisors:
Richard Davidson
City: Sacramento
State: California
Lender type: Private Money
Property type: Industrial
Transaction type: Construction
Loan amount: $4,400,000
TRANSACTION DESCRIPTION
Commercial Mortgage Banker Richard Davidson recently funded a $4,400,000 spec construction loan on a ±51,000 SF flex industrial development in Sacramento. The loan was placed with one of Barry Slatt Mortgage Company’s private fund relationships. The lender was chosen for their willingness to take the time to understand the leasing market at that particular location, in addition to becoming comfortable with the projection that the property would lease out quickly once the construction was completed.
