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.
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Monte feel free to call me 843-465-3996 or email ag29577@gmail.com
Monte,
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.
Thank you.
Jared Rine
jaredrine@gmail.com
jared@glblsolutions.com
209.481.0514
Monte,
Attached is information on a funding program to consider. Should you have questions please contact me.
Regards,
Phillip Walker
Email: stonecreekfs@yahoo.com
Fax: 1-855-203-6081
Monte - Please reach out to me at (203) 327-3327 or mdeibel@knightheadfunding.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.
Best Regards,
Max Deibel
I tried to call you. You can contact me at monte.alexander1951@gmail.com. I would like to find out more
Can help you.
chamberlain.doris@gmail.com
Doris.
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