ARRIBA CAPITAL CLOSES $1,000,000 LOAN: HOUSTON, TX

Arriba Capital closes a $1,000,000 loan to acquire 2.271 acres of land located in Houston, TX. In this difficult market for obtaining land loans, Arriba was able to negotiate favorable terms on behalf of the borrower, a 5.25% rate, 2-year term, at 50% LTV. The borrower has recently engaged Arriba Capital to secure a multi-million dollar construction loan to build a restaurant and pub under his existing brand.