- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
Bridge Loan For Office Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 1 YR
- Interest Only
• The borrower’s loan was maturing and the lender was no longer doing these types of loans or lending on this type of asset and they were not willing to extend.
• The borrower had a hard maturity date and needed more time to sell the property.
• We were able to get comfortable with the ground lease and provided certainty of execution for the borrower.
• Speed was also very important to the borrower and we provided that.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends