Deerwood arranges $7 million financing for a land loan

Deerwood Real Estate Capital recently arranged $7 million in financing for a land loan secured by a pre-development site. The loan was customized to meet the needs of the borrower, providing them with a high leverage non-recourse acquisition loan for the land. Additionally, it was structured to give the borrower the ability to roll the loan into a preferred equity piece behind a senior construction loan when the construction is ready to commence. Deerwood's David Rosenberg, Joe Hercenberg and Mark Silbersher negotiated the loan. Deerwood Real Estate Capital is a commercial mortgage brokerage specializing in assisting clients in sourcing debt and equity. Focusing on all commercial real estate asset classes including multifamily, office, retail, industrial, hospitality, and healthcare, the firm stands apart from others in the industry through its commitment to customizing solutions and serving not just as brokers, but as advisors. The partners of Deerwood have a combined track record of successfully closing more than $25 billion in deals.