28 Unit Townhome Development - Boise, ID
$7,200,000 loan arranged by PlattPointe Capital.
BOISE, ID - PlattPointe Capital placed a $7,200,000 construction loan to build a 28‐unit for sale townhome development located in Boise, Idaho. The project is located in the West End neighborhood within 15 blocks of downtown Boise as well as just a few blocks from the Boise River and the amenities of Whitewater Park. The Sponsorship team is local to Denver, but seeking to capitalize on the high growth trends of Boise and its surrounding markets. Residential development has continued to do well across the nation despite the pandemic and Boise is no exception with Idaho seeing 194% more people moving into the state than out. The loan was placed with a regional community bank and was structured with no prepayment penalty.
• $7,200,000 Loan Amount
• Single Phase Construction Loan
• 5.2% Interest Rate
• 12-month Interest Only Loan Term
• No Prepayment Penalty
About PlattPointe Capital:
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the ever-changing capital markets by arranging numerous debt and equity
options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and sponsor’s needs.
More information can be found at www.plattpointe.com.
For any inquiries nationwide, please contact:
TRANSACTION BY THE NUMBERS
Units For Sale
Fixed Interest Rate