Freedom Financial Funds Closes $6.5 Million Build-to-Suit and Development Loan in Folsom, CA

Freedom Financial Funds, a private debt firm, recently closed a $6.5 million build-to-suit and development loan in Folsom, CA. The loan was brought to Freedom Financial by Michael Kaplan, President of Slatt Capital, on behalf of his client who needed a lender that could execute quickly and understand the business plan that included a ground lease to Circle K, a sale of a pad to a medical user, and the construction of infrastructure that would carry into future phases.

One of the key reasons the client gained confidence in executing with Freedom Financial was the fact that he would be dealing with an owner and principal from introduction to closing and then throughout the servicing phase. Freedom has no employees, so borrowers deal with a decision maker through the entire life of a loan.

Another factor that played into the decision was the fact that Freedom Financial is an unleveraged fund and is not dependent on a warehouse line to fund its loans. This has become especially important in recent months as the banking system has shown signs of significant stress and credit tightening.