Our borrower for this commercial bridge loan had a fast-approaching deadline, and the traditional bank they usually work with was unable to close in time. When Capital Fund I was suggested to them as a fast working commercial bridge loan provider they filled out their application and got a quick response for a quote for a commercial bridge loan.
Coming from the lender’s side, the fact that a lease agreement had already been executed this retail commercial space provided additional value to this asset. Capital fund I was able to provide the commercial bridge loan on time and faster than one of our competitors quoted to the borrower.
Chandler’s commercial real estate market has seen a positive overall trend this year, and was ranked in a study by WalletHub as one of the 50 best cities to start a career in, as well as ranked highly in quality of life.
- Loan Amount: $575,000
- Interest Rate: 10.9%
- Loan Term: 12 Months
- Loan Type: Commercial Bridge
- Asset Type: Commercial Retail Space
- Will be worth over $1M after