Freedom Financial Funds Closes Ninth Loan Transaction With Client
August 23, 2022
Freedom Financial Funds, LLC (Freedom) recently closed a $4,680,000 construction loan that will provide 88% of cost financing to construct a build-to-suit project leased to 7-Eleven in Bakersfield, California.
Construction loan
$4.68M
Retail, Bakersfield, CA
- Loan amount
- $4,680,000
- Purpose
- Construct a build-to-suit project leased to 7-Eleven
- Leverage
- 88% of cost
- Relationship
- Ninth loan with the client
- Draws
- Five-business-day construction-draw fundings
The client, a seasoned developer who is highly bankable, chose Freedom for the ninth time because he knows from experience that Freedom executes quickly and efficiently. In addition, he was confident that Freedom could structure a solution designed to minimize his equity requirement. Further, he selected Freedom because of the service he and his team receive after the loan is closed. Freedom routinely commits to five-business-day construction-draw fundings. Should a budget issue arise during the project, the client knows that he will be discussing the issue with a decision maker at Freedom. Thus, he can optimize his time by focusing on finding new opportunities and managing existing ones, rather than on the financing element.
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