Equity Cash-Out Loan for Portfolio of Residential Properties in Schuylkill County, Pennsylvania

Funded by Commonwealth Capital

$450,000

Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date

09/23/2020

Property Type
Agricultural
Portfolio of Residential Properties
Single Family Residence
Property City

Schuylkill County

Property State

PA

Loan Term (months)

24

Lien Type

1st Mortgage

Payment Type

Interest Only

Loan-to-Value

20%

Deal Highlights

Funds will be used to renovate properties for lease-up and as working capital.

Deal Summary

Commonwealth Capital, a company that helps businesses and investors access real estate-secured capital, funded a $450,000 equity cash-out line of credit loan in 1st lien position secured by a farm and a portfolio of residential properties in Schuylkill County, PA. Our loan-to-value was 20%. The funds will be used to renovate properties for lease-up and as working capital. The Borrower was a farm operator and real estate developer. The loan term was set at 24 months. This equity cash-out loan was funded in September 2020.

Funded By

Commonwealth Capital

Direct Bridge Lending for Real Estate Owners