Catalina Mortgage has a variety of funds providing bridge loans for a wide range of interim financing needs:
• Your bank has just offered you a discount if you can pay them off quickly?
• You have the opportunity to acquire a property for a really good discount?
• Your property is under-performing and needs time to re-stabilize?
• There are just no lenders today for your loan that matured?
• Your bank has just closed you bank lines?
• You are facing foreclosure - or need to get out of bankruptcy?
For these and more, the solution is an interim bridge loan.
I know - they are expensive, but if the opportunity or need is worth more than the cost, it is a good business decision.
Take an real example - our borrower owed $14,000,000 on performing retain center. The bank had to get the loan off the books and offered a 50% discount. We put on a bridge loan and the 5 points and 12% interest didn't seem bad to pick up $7,000,000 real equity.
Another example is a client who needed some working capital to complete tenant improvements for a new tenant in his shopping center. Even though he owner another property free and clear and had good credit, none of the commercial banks were open to providing the necessary financing. A two year bridge loan quickly provided the funds for the tenant improvements and get the tenant in in time.
If you have a need - call or email.
Cliff DuBois
cdubois@catalinamortgage.com
(800) 757 - 0265
We always appreciat the opportunity.
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