Latest Transaction


Location

Shrewsbury, MA

Property Type

Warehouse

Loan Type

Refinance

Amount

$4,395,000

Need:  The Sponsor needed to refinance out of a conventional loan due to the buildings occupancy quickly dropping to zero after a tenant was bought by an overseas company and moved abroad.

Solution: Verus Commercial Real Estate Finance provided a 24-month bridge loan with an interest reserve to allow the Sponsor time to lease up the vacant space.

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