Medalist Diversified Secures $13.8 Million Construction Loan for Savannah Townhomes
Medalist Diversified secured a $13.8 million construction loan for its Savannah townhome project, with an 11.5% interest rate, maturing in 2027. The loan includes $5.05 million in initial funding and $8.75 million in reserves. The company also provided guaranties and an environmental indemnity to support the financing, with a joint venture committing $4.0 million in preferred equity.
