Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
3,700,000
Loan Term:
1 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
74.1%

Challenges

• 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.

Solutions

• 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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