The borrower, a high-profile real estate developer, was running low on funds on his $30M, 100 apartment development. Before the borrower could access his $15M federal tax credits he needed a quick, non-complicated $1.45M loan to add the finishing touches.

Centra Capital funded the deal in two weeks using the borrower's multifamily portfolio for a cash-out in both Bridgeport and Waterbury CT.