Portfolio
Balance Sheet Funded
Real Estate Brokerage
Balance Sheet Funded
Luxury Condominium Penthouse
A beautiful two-unit combined penthouse in a prominent property on South Beach. The owner intends to rent out the asset on a short-term basis and has meticulously maintained and upgraded the unit as befits a luxury condo.
Loan Amount: $8,500,000
Term: 1 year
Location: Miami, Florida
Close Time: One week
Single Family Second-Lien
This loan was done as a quick close solution for a cash-out refinance. The borrowers needed quick liquidity to satisfy immediate requirements as the property was listed for sale. However, they did not want to remove their first lien which was done at a very low rate.
Loan Amount: $3,200,000
Term: 1 year
Location: Miami, Florida
Close Time: One week
Single Family Quick Close
This loan was done as a cashout refinance for an investment property in a very prominent region of Texas. The property was built by the intended user and vacated as they moved to another asset. They used the cash out to buy another asset and transition this one to a rental model.
Loan Amount: $2,750,000
Term: 1 year
Location: The Woodlands, Texas
Close Time: Five Days
Single Family Construction Completion
A developer in the Tampa area needed construction completion proceeds for their single-family project. While starting the property with a fully cash model they found themselves leveraging debt due to a liquidity crunch and needed the project to progress immediately.
Loan Amount: $3,150,000
Term: 1 year
Location: Tampa, Florida
Close Time: Two weeks
Real Estate Brokerage
Medical Office Bridge Loan
This loan was done as a cash-out refinance with the purpose of providing liquidity to the sponsor. The sponsor was a developer that wanted to pull money out of existing fully stabilized assets to complete ground up projects elsewhere.
Loan Amount: $6,480,000
Location: Plantation, Florida
Close Time: Two weeks
Triple-Net Lease Retail Loan
A skilled real estate operator needed additional liquidity to purchase other real estate opportunities in the immediate future. We were able to provide a bridge cash-out refinance loan on this stabilized triple-net lease retail asset that had a lease with Bank of America.
Loan Amount: $7,200,000
Location: Plantation, Florida
Close Time: Two weeks
Retail (Restaurant) Loan
This loan was done as a cash-out refinance for a long-time restaurant owner that found themselves in a cash crunch during the COVID spike. In order to get them over the hump of the COVID-related restaurant downturn we provided them with the necessary liquidity in a short time frame.
Loan Amount: $5,000,000
Location: Boca Raton, Florida
Close Time: One and a half weeks
Retail (Shopping Center) Loan
Beautiful newly constructed property that recently hit stabilization. The developer built the asset ground-up and leased out all of the units. They wanted bridge financing to not lock in a high rate during an inflated rate environment. The bridge financing was also cash accretive as they needed additional capital for a similar nearby development.
Loan Amount: $4,100,000
Location: The Woodlands, Texas
Close Time: Four Weeks