Back to opportunities
Property DevelopmentFully subscribed
Harborview Property Development Credit
Harborview Developments Ltd.
Senior secured construction financing for a mixed-use residential development in an established metropolitan submarket.
Investment thesis
- Loan-to-cost of 62% provides a substantial equity cushion below the facility.
- Pre-sales cover 48% of gross development value at commitment.
- Experienced sponsor with a completed pipeline exceeding $400M.
Borrower background
Harborview Developments is a regional developer with a 15-year track record delivering residential and mixed-use schemes on time and on budget.
Use of proceeds
Construction costs and professional fees for the development.