Delray Beach, FL, August 25, 2020: QuickLiquidity, a direct lender for commercial real estate, has announced the closing of a $705,000 first mortgage bridge loan secured by an investment luxury condo in New York, NY. The unit was recently built in 2017 and is 1,977 square feet with 2 bedrooms, 2.5 bathrooms, and spectacular panoramic unobstructed views.
The borrower bought the investment property three years ago using all cash. But due to a time-sensitive investment opportunity, the borrower needed to quickly pull cash out of his property.
The borrower is a foreign national and had a difficult time finding a lender who would work with him because he did not have a credit score and does not live in the United States.
When the borrower started working with a mortgage broker, they immediately brought the loan request to QuickLiquidity. They knew that by working with QuickLiquidity the loan could be closed in only two weeks all while receiving flexible terms and a competitive rate.
The loan was closed without any credit score requirements and without an appraisal.
“The space for commercial real estate bridge loans is incredibly competitive. So why do brokers and borrowers continuously choose to work with us?” 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.
