Latest Transaction


Location

Colorado Springs, CO

Property Type

Retail Strip

Loan Type

Acquisition

Amount

$2,853,000

Need:  The Sponsor needed a bridge loan to acquire a retail center that was 87% occupied in Colorado Springs.

Solution: Verus Commercial Real Estate Finance issued a 12-month bridge loan with an interest reserve to allow the sponsor time to extend leases of the center larger tenants and lease up the remaining vacant space.

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