$2.1M Louisiana Portfolio Refinance Closes in 20 Days to Exit Maturing Construction Loan

Max Leverage. Tight Timeline. Built-to-Rent Portfolio Execution.

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13 SFRs
$2,100,000
70% LTV
20 Days

Scaling a Build-to-Rent Operation Under Pressure

The borrower was actively developing a build-to-rent community, already deep into execution, with multiple properties completed and more underway.

Their immediate goal was clear:

Exit a maturing construction loan

Avoid default with no remaining extensions

Pull cash out to fund the next phase of development

This wasn’t a one-off deal, it was part of a larger growth strategy. But without a refinance in place, the entire project risked stalling.

Leverage, Concentration, and a Shrinking Timeline

This deal combined several constraints that typically limit execution:

Execution Constraints:

  • A 13-property portfolio needing to be financed together
  • Borrower concentration, with over 25 prior loans completed
  • Max leverage requested for cash-out
  • A hard maturity deadline with no room for delays

Most lenders would have reduced leverage, capped exposure, or slowed the process with layered approvals.

In this case, none of those options worked.

Holistic Underwriting + Parallel Execution

Instead of evaluating the deal in isolation, the approach centered on the borrower’s full track record and operational consistency.

At the same time, underwriting was conducted across all six properties simultaneously, allowing the team to move toward a single coordinated closing rather than six separate transactions. That approach dramatically shortened the overall timeline.

Working on a Portfolio Refinance With a Tight Deadline?

When timelines compress and leverage matters, structure becomes everything. If you’re navigating a maturing loan or scaling a rental portfolio, we can help you map out a path forward.

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Closing on Time and Positioned for Growth

The deal closed in just 20 days exactly as structured.
More importantly, it gave the borrower flexibility moving forward:

One consolidated payment across the portfolio

Cash-out proceeds to continue development

Ability to complete additional homes and refinance again at stabilization

What started as a time-sensitive refinance became a catalyst for continued expansion.

Meet the Closer

“This deal came down to balancing max leverage with a hard maturity timeline and having the confidence to execute quickly.”
Julien Hill
Account Executive
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For build-to-rent operators, continuity is extremely important. When lenders default to rigid caps on leverage or exposure, strong deals get overlooked.

But with the right structure and execution, even high-concentration portfolios under tight timelines can move forward—and keep growing.

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Working on a File That’s Getting Stuck?

Brick City Capital specializes in structuring investor transactions that require flexibility beyond standard overlays. We’ll review the asset, validate execution pathways, and determine whether there’s a viable solution.

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