Local developer was building out condo complex in a very strong market, but construction lender was not willing to allow more spec units until sold units under construction were actually completed and closed.

Southeast Bridge Capital facilitated the purchase of two building pads (via minimum land release prices) and allowed the developer to start spec units.

Developing well priced, well-located units into extremely strong sub-market. Units will be completed and sold, paying out Lender’s spec construction loan.