Webster Bank’s Asset Based Lending Group provided a Senior Secured Revolving Credit Facility totaling $20,000,000 to Cahoon Capital REIT, LLC. The facilities will be used to finance the future growth of The Company’s portfolio.
Cahoon is a real estate finance company founded in April of 2016 and headquartered in Wellesley, MA. The Company is a Strategic Income Fund financing short term, first-mortgage loans to builders and real estate investors in Massachusetts, Rhode Island, and New Hampshire. Cahoon helps to provide affordable housing and create jobs in diverse communities throughout the Northeast region.
This transaction was sourced by Matthew Murphy, a Webster Bank Managing Director located in New York, NY.
Senior Secured Revolving Credit Facility
$20,000,000
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