The sponsor is utilizing a short-term bridge loan secured by real property. The Jafri Capital team arranged the transaction and was able to close the deal in just two weeks! The sponsor plans on re-financing the property to expand on his proven success in the field. Jafri Capital was drawn to this deal because of the proximity to the city and their belief in the value of small businesses in the suburbs.
In just two weeks, Jafri Capital’s Debt Capital Markets Team, led by Shahid Jafri, leveraged the firm’s strategic private capital relationships to arrange the bridge loan of $1,500,000 with a LTV of 54%. Reach out to Jafri Capital for more information!