Latest Transaction


Location

Philadelphia, PA

Property Type

Portfolio of 11 single family townhomes/1 office condo

Loan Type

First Mortgage

Amount

$5,020,000

Need:  The Sponsor needed a bridge loan to refinance the current debt on the portfolio and provide the Sponsor with working capital before the end of 2019.

Solution: Verus Commercial Real Estate Finance issued a 24-month bridge loan with an equity recapture and closed the loan within 2 weeks to meet the Sponsors deadline.

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