Commercial Bridge Loan in Tucker, GA

Commercial Bridge Loan in Tucker, GA Highlights

This transaction involves the purchase of a commercial property located in Tucker, Georgia. Having previously closed a successful large-scale deal nearby, there is a strong familiarity with the local market and confidence in its security and growth. The property’s strategic location and the area’s positive economic outlook make this an attractive investment opportunity. The borrower is seeking financing to acquire the property, aiming to capitalize on the favorable market conditions and contribute to the ongoing development of the area.

About the Neighborhood

Tucker, Georgia, is a thriving community experiencing significant commercial growth and development. The area has shown consistent economic stability, making it an attractive location for commercial investments. The successful completion of a similar large-scale deal in the vicinity underscores the market’s potential and promising outlook for new projects. With its combination of security and growth prospects, Tucker offers an ideal environment for commercial property investments, enhancing the appeal of this transaction.

Why We Like this Opportunity

The borrower was referred by another lender who has completed multiple successful deals with them in the past. They have shown strong financials and liquidity, along with an excellent credit history. This financial stability and proven track record in real estate investments make the borrower a dependable candidate for the loan. Their experience and financial strength put them in a good position to manage the property and ensure a successful investment.

The borrower plans to enhance the property’s value through strategic management and possibly improvements, aiming to either generate steady rental income or sell the asset at an appreciated value when market conditions are optimal.

Experienced Borrower

The borrower is a successful real estate investor in high-end real estate industry in Florida. He’s sold multiple Florida homes for over $2M+ and has a high net worth and strong liquidity.

Personal Guarantee

The Loans are personally guaranteed by the borrower, spouse, and all principals in the LLC. Additionally, the Sponsor and/or Guarantor are obligated to contribute monthly payments to maintain a tax and insurance reserve. Failure to adhere to reserve contribution requirements would lead to the triggering of a debt service and operating expense/shortfall guarantee.