Office Property In Salem, OR

Loan Type:
Bridge Loan
Loan Amount:
$8,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
74%

Challenges

• The borrower needed funds to pay off existing mortgage and to keep the TI’s moving forward.

Solutions

• We had the ability to come into the middle of the project and help get the loan funded.
• We also provided value add money that allowed the borrower to continue the TI improvements so they could stabilize the property once completed.

Related Deals

Subscribe to Our Newsletter

Stay up to date on the latest CRE news and trends

Our site uses cookies. By continuing to use our site, you are agreeing to our Privacy Policy

Ok, I understand