Deal Details
Private Loan Type
Refinance
Approx. Funding Date
01/04/2022
Property Type
Residential Land
Property City
Houston
Property State
TX
Loan Term (months)
12
Lien Type
1st Mortgage
Lot Acreage
77.5
Deal Summary
C2R Capital Management, a real estate financing firm in Houston, funded a $3,400,000 refinance loan in 1st lien position for a residential lot development loan in Houston, Texas. Funds used were for note payoff, construction hard costs, and soft costs. The subject property was approximately 77.5 acres. The loan term was set at 12 months. This refinance loan was funded in January 2022.