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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/01/2018
Property Type
Retail
Single Family Residence
Property City
Park City
Property State
UT
Interest Rate
%
Origination Points
%
Deal Summary
In May 2018, Archway Fund financed an $8,200,000 cash-out bridge loan secured by a 7-acre estate & a retail property located in Park City, Utah. The estate is located northwest of Park City Ski Resort between the Park City Golf Course and the Park Meadows Country Club. The retail property is located in the historic Main Street area of Park City. Sponsor required the cash out to continue investing and developing additional real estate in the Park City area. The exit strategy is to repay the loan with the proceeds from the sale of the SFR property. 60% LTV, 8.95% Interest Only, 18-month term.
Funded By
Archway Capital
National Non-Recourse Bridge Loan & Equity Provider