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Short-Term Bridge Loan, Spotlight in Elkhart, IN

Need

Sponsor was seeking a Bridge loan for the auction acquisition of a retail shopping center in Elkhart IN. The acquisition had a short time frame to close and the Sponsor required a lender who could close quickly.

Solution

Verus Commercial Real Estate Finance was able to quickly issue a 12-month bridge loan for the acquisition of the property and meet the Sponsors time frame.

  • Location: Elkhart, IN
  • Property Type: Retail Property
  • Loan Type: First Mortgage
  • Loan Program: Short-Term Bridge Loan
  • Amount: $4,420,000

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