$3.8 Million Commercial Real Estate Bridge Loan – 801280

Bid Info: ASAP, earlier interest will have priority, no later than 8/16/2023

MIAC Analytics is pleased to announce the offering of a 1st lien mortgage loan for Refinancing and Redevelopment of a Franchise Daycare Located in the Southeastern United States. The seller is a commercial bridge loan originator.

Investment Opportunity:

  • Property Type: Specialty Retail, Daycare
  • As Complete/Stabilized Value: $8,500,000
  • As-is Value: $5,000,000
  • Total Principal Balance: $3,800,000
  • Loan to As is Value: 76%
  • Loan to As Complete Value: 45%
  • Financed Tenant Improvements: $712,510
  • Proposed WAC: 9.70%, Fully Adjustable
  • Index + Margin: 30 Day SOFR + 4.5%

Find out more

Learn more about MIAC Whole Loan Sales & Brokerage

Contact

For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250

Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com

Nicholas Dorn
SVP, Whole Loan Sales, Trading
(561) 346-6814
Nicholas.Dorn@miacanalytics.com