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!

multifamily thirst trap arc begins. new era for farcaster.

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

Are we gonna be affected during the shift 😮‍💨