1Oak Capital closes an $8.3MM Construction Refinance in Florida
1st Priority Mortgage Loan
Loan Amount$8,300,000
Property TypeResidential / Single Family
LocationMiami, Florida
1Oak Capital successfully funded an $8.3 million construction refinance at 65% LTV for a portfolio of completed single-family homes. The bridge financing provides the borrower with the necessary runway to execute their sales strategy for the finished units.
1Oak’s team were able to deliver on the following during this transaction:
Flexible Terms: Structured timelines specifically to facilitate the sales process.
High Leverage: Provided 65% LTV on newly completed construction.
Rapid Turnaround: Evaluated, underwritten, and closed within a 3-week window.