Edgewood originated a $3,500,000 fixed-rate bridge loan for the acquisition and development of a 41-acre parcel located along I-40 in Eastern TN. The land is approved for townhome lots that were pre-sold to a national home builder. Loan proceeds were used to purchase the property and fund the horizontal improvements necessary to deliver finished building lots.
East Tennessee Land
$3,500,000 | 41 Acres