I have a client seeking a bridge loan for acquisition of an industrial portfolio in a Midwest city near a major airport. This is a distress sale and he needs $12M and is looking for 10% rate for 6 months with a 6 month option for renewal. Original value of properties was in excess of $50M. Borrower is very strong financially. This portfolio has some national tenants and will be repositioning rest of the properties. Need a 30 day closing.
Monte feel free to call me 843-465-3996 or email firstname.lastname@example.org
What's more important to the borrower - terms or the quick close?The reason I ask is because if this file checks out, I could probably bring better than 10% rate to the table (more in the 6-7s), but it might be at that 30 day cusp (possibly faster, but dependent).
Obviously there are many questions, but let me know. Offsite is best.
Attached is information on a funding program to consider. Should you have questions please contact me.
Monte - Please reach out to me at (203) 327-3327 or email@example.com. I am a direct private equity lender based in Greenwich, Connecticut and I lend on a variety of asset classes nationwide. 30-day closings are not an issue. I look forward to hearing from you.
I tried to call you. You can contact me at firstname.lastname@example.org. I would like to find out more
Can help you.