Octagon Finance builds on significant real estate development and structured finance backgrounds to provide bridge financing to developers of historic properties around the country. Octagon's visionary lending fund seeks to eliminate the gap in liquidity that often stifles tax-credit developers by pre-funding the state and federal tax credit investments that will be realized upon completion of the project.
Program details:
* non-recourse bridge loans
* loan amounts of $500k-$10mm+
* maximum term of 24 months
* expedited loan review and closing (30 days)
* loans repaid from equity investment of federal and/or state investor