Posted On: October 7th 2026, 02:46 am
This one came to me after the borrower’s previous lender denied the deal late in the process.
She’s an experienced local builder, the project made sense, and she was ready to move forward. The lender just changed course.
We were able to step in, get the deal restructured, and ultimately give her more leverage than she had before.
The final structure came in at 87% of total project cost and included an interest reserve, so she won’t have to make monthly interest payments while the project is under construction.
She’ll be breaking ground shortly on a new duplex here in Columbus.
Two more units of housing, a solid local builder, and a deal that almost died because the wrong lender was attached to it.
Glad we could get this one across the finish line and let her get back to building.
#hardmoney #developer #spechome #realestateinvesting #newbuild