We are excited to share the details of Green Sage Capital’s recent closing!
Closing Snapshot: 2 Parcel Retail Commercial Property located in Houston, Texas
- $1,800,000 Loan Amount
- 15% Seller Held Second Note
- 85% LTV
- 11.24% Fixed 30 year interest rate
- 1 year prepay (Bought down from 5 years for an additional 1.5% origination
The borrower was able to acquire this 2 parcel retail building with only 15% cash out of pocket utilizing a 15% seller second mortgage. Once value add upgrades are complete and the property is fully leased up and stabilized, the borrower will ultimately see higher rental income, increasing the overall value of the property.
Call Us: We’re here! So give us a call if you have a similar scenario that you’d like to run by us. We’d love the opportunity to structure the right financing for you and your business.
Get To Know Us: We’d love for you to get to know us better. Head over and meet our Executive Team here.
