$36.5MM Build for Rent Development | Huntsville, AL

Structured and placed a revolving first mortgage construction loan to complete the development of the remaining 220 units in a 398-unit Build for Rent community located in Huntsville, AL.


The client desired to accelerate the completion of a large multi-phase development with a non-recourse high-leverage revolver. Due to the modular nature of construction, special accommodations via working credit facilities would be required from a senior lender.

$36.5MM Build for Rent Development | Huntsville, AL


Identified a specialized lender experienced with a similar development strategy and product. Structured a non-recourse senior-secured revolving facility that also provided a working capital line, enabling the developer to seamlessly order and deliver houses to the site. Facilitated and managed a complicated closing process to avoid construction and delivery delays.

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