EAGLE, Idaho — Real estate investment company Alturas Capital (Alturas) recently provided a loan commitment of up to $1 million to an Idaho borrower, secured by an out-of-state multi-family property located in the midwestern United States. The exact terms of the loan commitment were not disclosed.
“This loan commitment showcases our ability as a firm to provide meaningful capital to real estate investors in our region,” said Blake Hansen, managing partner for Alturas Capital. “Our hope is to provide other asset-based loans secured by real estate in Boise and throughout the Intermountain West.”
The company expects to do more of these types of asset based loans in the future. “We look forward to additional loans of this nature, on quality assets in the region,” said Hansen.
“This loan represents an opportunity to lend on a quality, cash flowing real estate asset located in a major metropolitan area. We look forward to continuing to grow this aspect of our business by cultivating relationships with real estate investors in our region.”