Loan Type : Acquisition
Loan : $2,105,000
A $2,105,000 bridge loan for the acquisition of a 92,765 square foot Industrial building located in Perkasie, Pennsylvania. The loan features a 36-month interest-only term with an interest rate of 4.25% + 30-day LIBOR. The loan was underwritten at 48% loan-to-stabilized value and 80% loan-to-cost.