SDG Dubuque Successfully Closes Construction Loan
SDB Dubuque is an investment in our Income Series
We invested in SDG Dubuque with a short term note and longer term preferred equity. We received payment and interest back on the short term notes at the end of June. The fund received a rate in excess of 14% (net of all fees) for the term of the loan. We continue to hold longer term preferred equity that will return close to 11% (net).
The building is going up quickly and should be occupied on schedule.