$2,918,460 Ground-Up Multi-Family Construction

Shawbrook Capital is pleased to announce the successful closing of a $2.92MM ground-up construction loan for a 6-unit multifamily development totaling approximately 8,500 SF (±9,900 SF including rooftop amenities).

The project consists of a well-designed unit mix, including three 2-bedroom / 2-bath units and two 3-bedroom / 3-bath units with additional recreational space, tailored to maximize rental demand and long-term value. The total project cost is approximately $3.33MM, including a $2.13MM construction budget, with a projected ARV of $5.2MM.

Shawbrook structured a high-leverage execution at 90% LTC, providing both acquisition financing and future construction draws, allowing the Sponsor to preserve capital while maintaining strong project momentum. The loan was underwritten to a conservative ~64% LTARV, ensuring a well-balanced risk profile.

This transaction highlights Shawbrook’s ability to deliver flexible, high-leverage construction financing for multifamily developments, combining thoughtful structuring with dependable execution.

Another example of supporting experienced sponsors in unlocking value through ground-up development.