Closed Loan in Bluffton, South Carolina
Property Type: Multi-Use Light Industrial
Loan Amount: $4,275,000
Location: Bluffton, South Carolina
Broker Made: $42,750
A property which had been encumbered by a forbearance agreement since 2010 was in need of immediate repairs related to items of deferred maintenance, in order to qualify for permanent financing. Silver Hill Funding was able to overcome the Sponsor’s past credit challenges related to other assets, and structure this Non-Recourse, 2 year Bridge Loan with adequate proceeds to address all CapEx and future leasing needs. This has placed the borrower on the fast track to attractive, traditional, long term financing.