A special-purpose entity, the joint venture of a real estate company and investment firm, came to our lending experts for short-term financing while its self-storage facility reached full lease capacity.
Thanks to our flexibility, we provided a $12M non-recourse bridge loan deal with a 4-year term and one-year, fixed rate extension option. Despite several delays by the seller, the borrower gained the funds and terms they needed—including a fixed interest rate swap option—providing them with peace of mind in a rising interest rate market.
See how our business loan solutions can help you through market shifts.
Backing Business: Special-Purpose Real Estate Entity