Loan Type : Acquisition
Loan : $4,500,000
A $4,500,000 non-recourse bridge loan for the acquisition of a 127,000 sq. ft. Class- flex/ Industrial property located in Norristown, PA. The non-recourse loan features a 36-month interest-only term at 375 basis points over LIBOR and was underwritten at 71% of the property’s value.