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Delta Quad Holdings, LLC
Commercial • Construction • 925 Grand Boulevard, Kansas City, Missouri 64106
Loan Number: #L0000017
Available
$0
Investor Interest Rate
9%
Maturity Date
6/10/2022
Investment Summary
Delta Quad Holdings, LLC
Commercial • Construction • 925 Grand Boulevard, Kansas City, Missouri 64106
Loan Number: #L0000017
Invested
$0
Investor Interest Rate
9%
Maturity Date
6/10/2022
| Full Commitment | $6,500,000 |
| Available | $0 |
| Investor Interest Rate | 9% |
| Minimal Investment Amount | $1,000 |
| Maturity Date | 6/10/2022 |
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About
About this property
Property Address
925 Grand Boulevard, Kansas City, Missouri 64106
Property Details
The collateral for this loan is a 1.92-acre site located in the heart of Kansas City, Missouri, that has a 21 story, 371,454 square foot building on it. The building was originally constructed in 1921 as the headquarters to one of the twelve regional Federal Reserve Banks. The bank moved to new offices in 2008. The borrower plans to use some federal tax credits available to builders who work within guidelines for rehabilitating historic buildings.
How the funds will be used
Development
Borrower will utilize funds for refinance and complete the renovation of the property.
How the funds will be used
Development
Borrower will utilize funds for refinance and complete the renovation of the property.
Financials
Borrower
Delta Quad Holdings, LLC
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
-18
Term
9 months with one 9 month extension available to the Borrower for a total of 18 months.
Maturity Date
6/10/2022
Maturity date can fluctuate and is dependent on the date the loan funds.
Borrower
Delta Quad Holdings, LLC
Delta Quald Holdings is a new borrower to Connect Invest. Their credentials, previous projects and financial history have been thoroughly reviewed for quality and reliability. This borrower is in a good financial position to afford the loan given the equity partners they have brought in for this project.
Documents
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