Investor needed $1.2M in fast liquidity to close on a Delray Beach commercial plaza.
LOAN AMOUNT
$1,200,000
Pledged two free-and-clear residential rental properties in Boca Raton as additional collateral.
Closed a $1,200,000 cross-collateralized blanket bridge facility in 10 days with zero personal tax returns.
The Outcome
Investor closed Delray plaza on schedule and released collateral upon asset sale.
Deal Highlights
LOAN AMOUNT
$1,200,000
COMBINED VALUE
$1,950,000
LEVERAGE
61% LTV
TERM
12 Months
CLOSING TIME
10 Days
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