PURCHASE W/ HOLDBACK IN BOSTON

ARV: $10,550,000

Loan Amount: $6,300,000

CCG recently refinanced one of our own loans to allow the borrower to increase their budget, replenish their interest reserve, and receive some working capital back at the close. This beautiful condo conversion is located in the Back Bay section of Boston and this project is approximately 30% complete. Now the borrower has an additional 12 months to complete and sell without having to deal with an extension! CCG financed this loan in less than a week with a loan amount of $6,300,000 and it will sell for $10,550,000 after renovations are complete! This product is one of our most popular, please call (617) 237-6201 for a fast quote!