Delray Beach, FL, Feb 6, 2020: QuickLiquidity, a direct lender for commercial real estate, has announced the closing of a $315,000 first mortgage bridge loan in Pensacola, FL. The loan is secured by a 6-unit strip mall that is 100% occupied. QuickLiquidity was able to close the loan in only 7 business days.
The borrower owned the property free and clear of any mortgage and was looking for a quick cash-out refinance. He desperately needed to access capital in order to invest in a time-sensitive opportunity. The borrower knew that by working with QuickLiquidity the loan would be closed swiftly while providing flexible terms and a competitive rate.
The borrower had received a term sheet from QuickLiquidity the same exact day he submitted his loan request. It then took only 7 business days for the loan to be documented and closed.
The loan was closed without any credit score requirements and without an appraisal.
“The industry for commercial real estate bridge loans is incredibly competitive with lenders promising borrowers the world in exchange for their business. So why do borrowers continuously choose to work with QuickLiquidity?” asked A. Yoni Miller, Principal of QuickLiquidity. “It’s because we have a proven track record of closing complicated and time-sensitive transactions. We let our borrowers tell us what matters the most to them and then we create a customized loan to meet their needs. We care about what they care about.”
Have questions or a potential loan request? Give us a call right now at 561-221-0881.
