SAGE CREDIT INSIGHTS
What we are seeing, thinking, doing
Building lasting relationships takes many forms. Sometimes it means getting dirty on a project site or taking a call late at night to make sure a time-sensitive acquisition gets done. Sometimes it means sharing what we know. Here you’ll find project spotlights, market observations, event recaps and more.
Renovating a small multifamily portfolio in Greensboro, NC
Assembling a block of rental properties is a different kind of project than flipping a single house. The scale, the coordination and the exit require a lender who understands what a stabilized multifamily portfolio actually looks like. We financed a $550,000 renovation and refinance loan for an experienced Greensboro-based real estate investor to bring an eight-parcel assemblage of duplexes and a single-family residence to rent-ready condition in the city's Old Asheboro/Southside corridor.
Acquisition and renovation loan, West Hollywood: 8-unit condo building
New construction in a supply-constrained submarket rarely comes to market at a discount, but when a developer default forces a lender to take back a nearly finished building, the right buyer can step into a position that took years and millions to create. We provided a $5,950,000 acquisition and renovation loan in West Hollywood to finance the purchase and ADU buildout of a newly completed eight-unit condominium building on Fairfax Avenue.
Private bridge loan on a Malibu beachfront acquisition
Dry-sand beachfront in Malibu is among the most supply-constrained residential real estate in the country. In this project spotlight, we share how we structured an $8,000,000 private bridge loan on a 3,519-square-foot oceanfront residence on Latigo Shore Drive — including the acquisition basis, how the numbers compare to recent beachfront sales and what made this a fit for Sage Credit.