Short-Term Bridge Loan in Shrewsbury, MA

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.

Location: Shrewsbury, MA
Property Type: Warehouse
Loan Type: Refinance
Loan Program: Short-Term Bridge Loan
Amount: $4,395,000

Recent

Featured Loans

$3,500,000 | Industrial

Short-Term Bridge Loan in Knoxville, TN

$23,800,000 | Multifamily

Short-Term Bridge Loan, Spotlight in Tulsa, OK

$9,000,000 | Office Building

Short-Term Bridge Loan in Flushing, NY

Connect With Us

Contact a VCREF professional who will guide you through our financing programs.
A loan representative will be in touch with you shortly!