$15.15M Construction Loan;
8.6 acre retail development site
Las Vegas, NV
HRC arranged an 80% LTC, non-recourse, $15,150,000 construction loan for a retail development site in Las Vegas. The financing was provided by a private lender at a rate in the 900 bps range over Libor. HRC executed on the high leverage demanded by the borrower and was able to get the lender comfortable with the borrower’s prior financial issues.