Recent Loans

 

$250,000

Buy Some Time

We were contacted by a loan broker whose client was facing a balloon loan payment.  All the borrower needed was a few month’s breathing room to find the right permanent lender.  Our bridge loan saved the property from foreclosure and allowed the broker time to find a long-term loan and close the deal.

 

$263,000

Fix and Flip

Investors teamed up with a contractor to acquire, renovate and sell a multi-family property in a major city.  The comps were there, the budget made sense and the team was experienced.  We provided 90% of the acquisition price and 100% of the construction budget. 

 

$500,000

Raw Land

A developer purchased a 3,500+ acre tract of raw land for potential development.  He envisioned a championship golf course, hotel and resort in a spectacular New England setting.   We visited the property, reviewed his plans and agreed to provide cash-out to finance the approvals for this project.

  

$600,000

Seize Opportunity

Opportunity knocked for our client.  A neighboring apartment building owner offered the “deal of a lifetime” if our client could purchase the neighbor’s building within 14 days.  His bank couldn’t act in time, but we closed this loan in three days.

 

$845,000

Consolidate Debt

Facing a cash crunch and less than perfect credit, this shopping center owner used a short-term loan from Great Oak Capital to pay off his existing mortgage and other business debts.  After catching up on his debts, his credit score shot up almost 100 points and he qualified for traditional long-term financing.

 

$250,000

Bridge Loan

Our borrower had a property under contract to be sold, but the buyer the transaction was taking too long and our borrower needed funds quickly.  We provided a loan which was repaid when the collateral was sold.