Loan Type : Acquisition
Loan : $2,620,800
A $2,620,800 bridge loan for the acquisition and repositioning of 34,467 square foot Class-C office building located in Horsham, Pa. The loan features a ten-year term with a fixed interest rate of 5% for the first five years on a 25-year amortization schedule. The loan was underwritten at 75% loan-to-cost and 80% loan-to-value.