Latest Transaction


Location

Elkhart, IN

Property Type

Retail Property

Loan Type

First Mortgage

Amount

$4,420,000

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.

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