The borrower needed a non-recourse construction loan due to the subject’s location within an opportunity zone. The flexibility of a debt fund was accommodating to the loan structure and potential need for a quick close for this new project in Reno, NV.
Loan Highlights
Property Type: Multifamily
Property: 344 W. 2nd Street Reno, NV
Lender Type: Debt Fund
Loan Type: Construction
Loan Amount: $13,000,000
Term: 30 Months
Amortization: Interest Only
Non-Recourse
Adam Gregory Shelly Dunbar
702-792-7560 775-345-3659
Agregory@commcapnv.com Sdunbar@commcapnv.com
