NEED $2.5M Mezz/Bridge loan for 6mo (TAKE OUT IN PLACE)

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NEED $2.5M Mezz/Bridge loan for 6mo (TAKE OUT IN PLACE)

Marty JohnstonPro Member
Lender · Wauwatosa, WI · Member since 2016 · 571 posts · 204 votes

Dear Hard Money / Private Money lenders!!! 

We are seeking an UNSECURED $2.5M Bridge/Mezzanine loan for a 6 mo term. Details below.

We have already secured a $30M Construction loan for the development. The asset is a 100,000 sq ft Medical Facility in Medford, OR. The Construction lender is only requiring the sponsor to bring a $2.5M down payment. We originally thought we had this $2.5M covered, but new information has required us to seek out and source the $2.5M elsewhere as time is now against us. Looking to close ASAP, and can provide all package details upon request.

Exit Strategy: The take out for the $2.5M is the Construction loan itself. Once we provide the down payment, the Construction lender can close in approx 10-15 days, and the Mezz loan will be paid back from the proceeds. This can be a very short term loan if need be by the lender/investor, as it can be paid back as early as day 60.

We have Term Sheet, Loan Docs, and Commitment letter from the Construction lender to share to show proof for the take out on this Mezz loan.

Interested Private or Hard money lenders please send an e-mail to [email protected] or call/text me directly at 920-285-8900. We are also offering a Finders Fee for a referral to a lender/investor who funds!

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  • Lender · Hackensack, NJ · Member since 2016 · 1k+ posts · 372 votes
    8y

    I may have a hedge fund lender who would look at a mezz loan but I would need more info to get a better understanding 

  • Rental Property Investor · Oakland, CA · Member since 2014 · 730 posts · 1k+ votes
    8y
    So you have no skin in the game?
  • Marty JohnstonPro Member
    OP
    Lender · Wauwatosa, WI · Member since 2016 · 571 posts · 204 votes
    8y

    @Tarik Turner, what's your e-mail, I'll send you more details.

  • Marty JohnstonPro Member
    OP
    Lender · Wauwatosa, WI · Member since 2016 · 571 posts · 204 votes
    8y

    @Account Closed Correct, aside from the $500k already put into the project, the sponsor will be leveraging the entire construction loan. It is a construction to perm program.

  • Bothell, WA · Member since 2017 · 103 posts · 12 votes
    8y

    Hi Marty,

    Ask a Lender can help you find a lender for this project. Using our commercial construction lender search, enter as many details of the loan scenario as you can. There should be multiple lenders for you to compare.

    www.askalender.com/find/commercial-construction-lenders

    I hope this is helpful. Please let me know if you have any questions regarding the search engine.

    Brian

  • Lender · Tampa, FL · Member since 2014 · 206 posts · 4 votes
    8y

    I have a lender that can help with this.  contact me to discuss further.

  • Brooklyn, NY · Member since 2013 · 154 posts · 12 votes
    8y

    Hey @Marty Johnston hope all is well. If your still in need of funding for this deal or any other deals you may be looking to inquire, I may be able to assist you with your funding needs. Shoot me an email at [email protected] and I'll be glad to send you over our product sheet for you to review.

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