Delta Quad Holdings, LLC

Commercial • Construction • 925 Grand Boulevard, Kansas City, Missouri 64106
Loan Number: #L0000017
Loan Amount
$10,000
Investor Interest Rate
9%
Minimal Investment Amount
$1,000
Maturity Date
5/30/2022
Borrower
Delta Quad Holdings, LLC
Loan to Value Ratio
53%
Investment window open for 3 more days
40% Funded
$4,000 of $10,000

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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
Loan Amount
$10,000
Yield
9%
Principal Balance > $100,000
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
Guaranty
This is a Borrower Dependent Note, therefore, there are no guarantors.
Loan to Value Ratio
53%
Type of Project
Commercial
Phase of Project
Construction
18
Term
9 months with one 9 month extension available to the Borrower for a total of 18 months.
Valuation Amount
$12,300,000
Exit Strategy
Sale or refinance of the property when the project is ready for construction financing.

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 he has brought in for this project.