- Loan Amount: $21,450,000
- Loan Term: 2 YR
- LTV: 75%
Office Property In South Bend, IN
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• Single tenant with a short time left on lease. They were going to do some fix-up to get the tenant to sign a long term lease.
• Needed specific loan amount that covered all costs and put some money away for Capex.
• Speed was key. Every day was costing them money because their loan matured.
•We executed a quick closing in a difficult situation and met borrowers needs.
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