therealdeal.com – Premier Developers scores $28M condo inventory loan for Riva 100-unit condo tower has 42 unsold units Rendering of Riva and Bradley Deckelbaum Amid the condo sales slowdown, Bradley Deckelbaum’s Premier Developers scored a $27.8 million inventory loan for 42 unsold units at Riva in Fort Lauderdale, The Real Deal has.
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"Construction Inventory Loans and Mortgages Are Available For Completed Or Nearly Completed Occupancy Units" When I use the term occupancy unit, this could refer to any construction building project where an individual unit within the project will be sold or rented.
Not solely focused on getting the best rate, we understand the impact loan structure has on a developer’s bottom line. For example, in many cases we’ve been able to negotiate lower pre-sale requirements, which ultimately leads to a higher return on the developer’s equity. With a track record of seeing through challenging deals to completion, [.]
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Amid the condo sales slowdown, Bradley Deckelbaum’s Premier Developers scored a $27.8 million inventory loan for 26 unsold units at Riva in Fort Lauderdale.
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Inventory loan A secured short-term loan to purchase inventory. The three basic forms are a blanket inventory lien, a trust receipt, and field warehousing financing. Inventory Financing A loan or line of credit available to a business secured by its own inventory. That is, a business places its inventory.
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Amid the condo sales slowdown, Bradley Deckelbaum’s Premier Developers scored a $27.8 million inventory loan for 42 unsold units at Riva in Fort Lauderdale, The Real Deal has learned. The 15-story, 100-unit condominium tower at 1180 North Federal Highway, overlooking the Middle River, was completed last year.