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RECENT FUNDINGS

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DoubleTree Hotel Bridge Loan: Beachwood,Ohio

Loan Amount: $10.3 Million

Interest Rate: 9% Interest Only

No Prepayment Penalty

6 Months of Interest Reserve

Dream Capital funded the purchase of a Doubletree Hotel in Beachwood, Ohio (Cleveland area). This hotel had cash flow problems and was in the process of foreclosure. The purchasers' reached out to Dream Capital after working with other lenders who gave false promises and were incompetent in structuring a debt financing package that was competitive enough to allow them to purchase the hotel. Dream Capital helped the developers' package and structure a deal that can be presentable to investors and subsequently secured financing for the project.

 

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20-Unit Multi-family Refinance: Louisville, KY

Product: 30-year fixed

Loan Amount: $975,000

Interest Rate: 5.125%

Value of Property: $1,300,000

Dream Capital provided a refinance on a 20-unit multi-family property in Louisville, Kentucky. The borrower purchased the property six months prior to funding, rehabbed the units, then subsequently leased them out. Upon leasing all 20 units, we refinanced our client out of a 12% bridge loan to a permanent loan. 

 

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Construction Loan on SFR: East Hampton, NY

Product: 12 Month Construction Loan

Loan Amount: $3,600,000

Interest Rate: 12.00%

Value of Property: $4,800,000

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Bridge Loan on Gas Station: Fort Mohave, AZ

Product: 12 Month Bridge Loan

Loan Amount: $600,000

Interest Rate: 13.00%

Value of Property: $1,200,000

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Bridge Loan on Golf Course: Windermere, FL

Product: 12 Month Bridge Loan

Loan Amount: $4,500,000

Interest Rate: 12.00%

Purchase Price: $8,600,000

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