Freedom Financial Funds, LLC Closes Eighth Loan With Client
October 25, 2022
When a well-established and strong retail developer needed funding for a commercial construction project, it came back to Freedom Financial Funds, LLC. The relationship began three-and-a-half years ago, and this is the eighth loan Freedom has funded for the client. The current $5,500,000 loan will finance the construction of an Aspen Dental office, a Dunkin Donuts/Baskin Robbins franchise and a pad that is ground leased to Quick Quack Car Wash.
Build-to-Suit loan
$5.5M
Retail, Placerville, CA
- Loan amount
- $5,500,000
- Purpose
- Construct an Aspen Dental office, a Dunkin Donuts/Baskin Robbins franchise and a pad ground leased to Quick Quack Car Wash
- Leverage
- 79% loan to cost
- Borrower
- Tenant in Common borrowing entity
- Relationship
- Eighth loan in three and a half years
Freedom responded quickly to the client’s request and structured a 79% Loan to Cost solution for the Tenant in Common borrowing entity. Issues such as Tenant in Common structures and Ground Leases often slow down or even stop lenders from making a loan. That is not the case at Freedom. We know how to structure a loan in a manner that ensures the lender is taking no more risk than if it were working with a single-asset entity with fee title.
More build-to-suit deals
Build-to-Suit2023 $5.9M Medical office Jacksonville, FL Single-tenant medical office Build-to-Suit2023 $6.5M Commercial development Folsom, CA Ground lease to Circle K Build-to-Suit2022 $14M Retail Inland Empire, CA Fifth loan with the sponsors
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