A time-sensitive deal for the borrower was successfully executed thanks to Balboa Capital Group’s exceptional speed and efficiency. They quickly secured a $5.8-million bridge-to-construction loan, providing the critical, timely financing needed.

This property, formerly a Ramada Inn near the SLC International Airport, is undergoing conversion into studio apartments with amenities. The project is notable for including income-restricted units, with approximately half of them specifically dedicated to the homeless in support of a major city-wide initiative.