GenWealth CapCo Provides $3.7M Bridge Loan For Fort Worth Development Site

GenWealth CapCo has approved a 12-Month Term Loan at 60% Loan to Value (LTV) for the development of a multifamily property in Fort Worth. The loan amount is $3,689,135, and it is classified as a Bridge Loan. This financing will be used to support the construction of the development site, which is located in the Fort Worth market.

Summary of transation details

• Property Type: Development Site
• Loan Amount: $3,689,135
• Loan Type: Bridge Loan
• Loan Terms: 12-Month Term at 60% LTV
• Lender: GenWealth CapCo

GenWealth CapCo played a crucial role in facilitating the loan agreement for the development site in Fort Worth. With their expertise in real estate lending, they were able to secure approval for the 12-Month Term Loan, based on a Loan to Value ratio of 60%. This initiative will enable the client to proceed with the planned construction of the multifamily property, further enhancing the residential options available in the Fort Worth market.