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Brokerage
Posted: April 19, 2016
Deerwood closes on $9 million bridge loan
Montvale, NJ Deerwood Real Estate Capital closed a $9 million non-recourse bridge loan on a 100,000 s/f multi-tenant office building.
Despite delays and difficulties caused by the seller, Deerwood kept the lender focused on the deal and closed at even more competitive terms than initially agreed upon. The loan was funded at 80% of the purchase price and an additional future-funded amount of 100% of leasing cost and capital expenses.
Deerwood’s Yaakov Leiser negotiated the deal.
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.
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