top of page
logo_gold_black.png
L&L Portfolio

Jacksonville, NC

Loan Amount

$28,500,000

Deal Description

This deal had a unique story because it was originally intended to be closed on using assumable debt that the seller was offering. A few weeks out from closing the assumable loan process derailed and the client needed and competitively priced quick turn around Bridge solution to allow them to close on the transaction on time and will look to refinance into a more permanent fixed rate loan once the value add strategy is implemented over the next 18-24 months.

Property Location

Jacksonville, NC

 Quick Stats 
Partner Type

Agency

Program Type

Light Transitional Bridge

Program details

- LTV: 80%
- Rate: 3.5%
- Term-3yr term (floating)
- IO Period - Full Term
- Non-recourse

pattern.jpg

NY Office
405 Lexington Ave, New York, NY, United States

​

info@kayfinance.com  |  Tel: 212-203-0135

Israel Office 

Ha Gavish 4, Netanya, Israel 

​

​

info@kayfinance.com  |  Tel: 212-203-0135

South Africa Office
27 Boland Way, Durbanville, Cape Town, SA

​

info@kayfinance.com  |  Tel: 212-203-0135

  • LinkedIn

COPYRIGHT © 2020 KAY FINANCE, LLC. ALL RIGHTS RESERVED

Design: PazInteractive

bottom of page