50 Unit Single-Family Home Portfolio in Tucson, Arizona & Ogden, Utah
A private investor had a $6MM portfolio of single-family home properties located throughout Ogden, Utah and Tucson, Arizona. The investor was looking for a credit facility with the flexibility to draw funds as additional investment opportunities are uncovered, which require immediate cash payments.
CommLoan was able to secure a $3MM line of credit from a bank partner at a rate of 5.1%. The investor was very pleased with CommLoan’s expertise and deep relationship, which allowed CommLoan to source the unique credit facility. The line of credit offers the flexibility for the investor to leverage this portfolio for future acquisitions.