Just underwrote a $13.2M mixed-use acquisition in Charlotte, NC.

18K SF of retail + 44 apartments.
Retail was 50% vacant. Apartments were stable but under market.

Sponsor wanted to minimize equity in, lease up, and refi in 12–18 months.

Here’s how we structured the debt:

Option 1: 75–80% LTC
→ Higher rate, tighter covenants

Option 2: 70–75% LTC
→ Mid-rate, faster draw, flexible terms

Option 3: 60–65% LTC
→ Fixed rate, lowest cost, full recourse

Each structure fits a different strategy.

This one’s still in play, but the sponsor now has a real game plan.

Hit me up to talk more about real estate!

Founder @Prays - Faith-based streetwear




Real Estate Finance + Faith.
NYC Energy. Servant of God.
I KNOW NOTHING ABOUT CRYPTO‼️

I’m stoked for more real estate discussions here on FC!
 Thanks for sharing

🥑🍋 Farmer / LAMP stack dev / Husband / 🌈 Dad / Web1 dude loving a web3 world / Collector of things digital & physical / 
CdeP ‘94

I dabble a bit.  I have invested in a few short term rentals and am looking l to get into longer term residential and eventually commercial.