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Marty Johnston
Pro Member
  • Lender
  • Wauwatosa, WI
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552
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NEED $2.5M Mezz/Bridge loan for 6mo (TAKE OUT IN PLACE)

Marty Johnston
Pro Member
  • Lender
  • Wauwatosa, WI
Posted Feb 27 2018, 16:44

Dear Hard Money / Private Money lenders!!! 

We are seeking an UNSECURED $2.5M Bridge/Mezzanine loan for a 6 mo term. Details below.

We have already secured a $30M Construction loan for the development. The asset is a 100,000 sq ft Medical Facility in Medford, OR. The Construction lender is only requiring the sponsor to bring a $2.5M down payment. We originally thought we had this $2.5M covered, but new information has required us to seek out and source the $2.5M elsewhere as time is now against us. Looking to close ASAP, and can provide all package details upon request.

Exit Strategy: The take out for the $2.5M is the Construction loan itself. Once we provide the down payment, the Construction lender can close in approx 10-15 days, and the Mezz loan will be paid back from the proceeds. This can be a very short term loan if need be by the lender/investor, as it can be paid back as early as day 60.

We have Term Sheet, Loan Docs, and Commitment letter from the Construction lender to share to show proof for the take out on this Mezz loan.

Interested Private or Hard money lenders please send an e-mail to [email protected] or call/text me directly at 920-285-8900. We are also offering a Finders Fee for a referral to a lender/investor who funds!

Looking for

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