Latest Transaction


Location

Woodbridge, NJ

Property Type

Mixed-Use Property

Loan Type

Renovation

Amount

$6,000,000

Need:  The Sponsor approached Verus Commercial Real Estate Finance for a bridge loan to consolidate his debt on a mixed-use property that contained two long term ground leases with a national fast food chain and car dealership.

Solution: Verus Commercial Real Estate Finance provided the Sponsor with an 18-month bridge loan to give the Sponsor time to get a conventional long-term loan.

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