Gabe Einhorn
@gabeeinhorn
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!
8 replies
4 recasts
133 reactions
SODIQ OLAWALE🎩🥚
@onbloaded
Very cool
1 reply
0 recast
1 reaction
Gabe Einhorn
@gabeeinhorn
🙏🙏
0 reply
0 recast
1 reaction