Silo Financial provides $13.7 million in 3rd Q 2010

Silo Financial has been able to successfully provide capital to borrowers faced with situational financing needs. During the 3rd quarter Silo closed two deals totaling $13.7 million. Silo has the funding capability to lend up to $20 million on a single qualified transaction; however, it specializes in financing smaller and middle market loans of less than $10 million, which are typically underserved by larger institutions. Silo's recent Q3 loans include: $6.5 million in aquisition and rehabilitation first mortgage on a 10,000 s/f townhouse in Greenwich Village. $7.2 million in refinance and partner buyout on a 12,000 s/f medical office condominium. Silo Financial is a private real estate investment company that provides a broad range of specialty capital, including bridge mortgages, 2nd mortgages, mezzanine loans, preferred equity and other structured debt and equity products. Silo specializes in flexible solutions to meet capital needs not typically accommodated by banks or traditional institutions. Since 2001, Silo has earned an exceptional reputation for consistently finding and closing deals, even in the turbulent current market that has seen lending—and closed deals—grind to a virtual halt. "In this extraordinarily difficult market, where borrowers require clarity and certainly of execution Silo's 10+ year lending track record has earned itself a reputation that borrowers can count on," said Jonathan Daniel, CEO of Silo Financial. "We have originated over $40 million in loans in the first three quarters of this year and continue to see significant opportunity for continued growth," said Jonathan Daniel, CEO of Silo Financial. "Our track record of closed transactions, coupled with creativity and a willingness to explore different and unusual solutions, is truly our differentiating factor," Daniel said. Headquartered in Stamford, CT, Silo Financial Corp. is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specializes in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from $1,000,000 to $20,000,000, including special situation, time-critical and difficult financing. Additionally, Silo is actively seeking to help existing real estate owners and investors restructure and/or acquire non-performing loans.