- Loan Amount: $10,663,900
- Loan Term: 3 Years
- LTV: 57%
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.
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