Zhizhin of ASC finances $9.5 million for portfolio
August 24, 2015 - New York City
ASC worked exclusively on behalf of their foreign national client to secure a short-term bridge loan with a full-term interest reserve with a correspondent private equity lender. The subject properties were all vacant residential investment properties located in three separate counties all situated within the N.Y. metro area.
The client required a short-term bridge loan that included a significant cash out and no pre-payment penalty to consolidate his obligations and make an investment into another venture. This was a time sensitive transaction that required extensive structure while providing complete flexibility to pay down the loan at any time.
The loan was originated by Igor Zhizhin, president, of ASC.