Knightsbridge Realty Arranges $22,000,000 Lot Banking Transaction
Knightsbridge Realty Arranges $3,000,000 Permanent Loan for Multi Tenant Business Park in Colorado
May 12, 2022
Knightsbridge Realty Arranged $7,200,000 Construction Loan
May 12, 2022
Knightsbridge arranged a financing structure with multiple draws to coincide with the closing of various tracts and the funding of engineering costs located in Riverside (Colton), California.
- Non-recourse
- Step-down interest rate which reduces cost of financing if property put in escrow with buyer
- Minimum multiple based on drawdown of a fraction of total proceeds
- 336 gross/114 net acres (totaling 857 lots)
- Entitled raw land without final engineering
