Commercial Bridge Loan in Tucker, GA
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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.
Commercial Bridge Loan in Tucker, GA Details
Structure
- Tax Document
- 1099-INT
- Offering Structure
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BPDNx
SENIOR BPDN - PROMISSORY NOTE SECURED BY COLLATERAL SECURITY AGREEMENTTHIS PROMISSORY NOTE IS SECURED BY THE ISSUER'S PLEDGE OF THE RELEVANT UNDERLYING COLLATERAL LOAN (AS DEFINED BELOW) TO THE LENDER (AS DEFINED BELOW) UNDER THE COLLATERAL SECURITY AGREEMENT AND PROMISSORY NOTE. HOWEVER, EXCEPT TO THE LIMITED EXTENT PROVIDED IN THE PROMISSORY NOTE WITH RESPECT TO THE UNDERLYING COLLATERAL LOAN, THIS NOTE IS NON-RECOURSE TO THE ASSETS, FUNDS AND ACCOUNTS OF YIELDI, LLC (THE "BORROWER", "COMPANY" OR "ISSUER") OR ANY OF ITS AFFILIATES, EMPLOYEES, AGENTS, STOCKHOLDERS, PARENTS, OR SUBSIDIARIES EXCEPT TO THE EXTENT OF THE VALUE OF COLLATERAL LOAN NET PAYMENTS ACTUALLY RECEIVED IN RESPECT OF THE UNDERLYING BORROWER LOAN.
Example Return on Investment
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Investment Amount:
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Annual ROI:
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$0
Why We Like This Opportunity
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.Investment Summary Of Commercial Bridge Loan in Tucker, GA
Investors have an opportunity to invest in borrower payment dependent notes, the cash flow of which is dependent on the payment of interest and principal repayment on the Loans. Investors are scheduled to receive an annualized monthly interest payment of Login for details over the Loans' estimated remaining term of 12 Months. Principal is expected to be returned on or before maturity through a refinancing with a traditional bank loan. It is important to note that the Loans are eligible for prepayment, and principal may be repaid prior to the 12 Months estimated remaining term. If the Loans are paid off before maturity, investors are expected to receive at least three months of interest payments in addition to return of principal.
How Do I Get Paid?
This loan had an initial term of 12 Months with an option at Yieldi's discretion to extend. As of October 18, 2024 there are 12 Months remaining. Investors will immediately receive monthly interest payments at an annualized rate of Login for details on the principal balance over the life of the loan. If you invest in this loan in the middle of a month, you will receive a prorated interest payment for your investment for your first investment month and then full monthly payments thereafter. All payments are made automatically via ACH on the 1st of each month and investors all paid by the 10th of the month.
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