Structured and arranged a high-leverage bridge loan to fund the land acquisition and predevelopment for a waterfront multi-family development in Pensacola, FL.
Challenges
Client had a purchase and sale agreement facing expiration within 30 days. Additionally, client was seeking 90% loan to cost with limited timeline for a formal due diligence period. Furthermore, heavy prior deal costs had temporarily hampered Client’s ability to provide the necessary balance sheet support to borrow at the desired leverage.
