W Financial - Bridge Loan, FL - $2,200,000 | Bridge loan and hard money direct lender

info@w-financial.com | 212-684-2283 x111

$10,000,000 Bridge Loan for Portfolio of Properties in West Chelsea

Recent bridge loans, mezzanine loans, mortgage loans

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Commercial Bridge Loans, Hard Money and more...

Commercial Bridge Loans, Hard Money and more...

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Phone: (212) 684-2283 x111
Fax: (212) 532-1222
149 Madison Avenue
New York, NY 10016
info@w-financial.com

Recent Transactions

$17.4M First Mortgage Bridge Loan

$11.5M Bridge Loan

$10.25M Bridge Loan

$10,000,000 Bridge Loan

$8.75M Bridge Loan

$8.75M First Mortgage Construction Loan

$6.75M Bridge Loan

$5.75M First Mortgage Bridge Loan

$5M First Mortgage Bridge Loan

$4.29M Mezzanine Loan

$4.025M First Mortgage Loan

$3.9M First Mortgage Bridge Loan

$3M Mezzanine Loan

$2.75M Bridge Loan

$2.7M First Mortgage Bridge Loan

$2.65M First Mortgage Loan

$2.6M First Mortgage Loan

$2.5M Bridge Loan

$2.2M Bridge Loan

$2.1M Bridge Loan

$2M Mezzanine Loan

$2M First Mortgage Loan

$1.7M Mezzanine Loan

$1.4M Bridge Loan

$1.2M Second Mortgage Loan

$1.1M First Mortgage Loan

$1.025M First Mortgage Loan

$1M Participation in Second Mortgage Bridge Loan

$660K Second Mortgage Loan

$625K Second Mortgage Loan

$500K First Mortgage Loan

$500K First Mortgage Loan

$350K Second Mortgage Loan

$2,200,000 Bridge Loan, FL

Bridge Loan FL

W Financial provided acquisition financing enabling our client to purchase a defaulted note from a local bank in Florida. The note was secured by eleven unsold condominium units located in a large, successful project in Vero Beach, Florida. The eleven units were the last units of a 700 unit project and were the only remaining unsold units owned by the developer. These units were recently completed and as a result of the slow sales market the developer went into default with his current lender. Our client purchased the defaulted note at a discount and W Financial provided a portion of the acquisition proceeds. The units are in excellent condition and our loan basis is extremely low relative to recent sales in the market.

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