Delray Beach, FL, Nov 19, 2020: QuickLiquidity, a direct lender for commercial real estate, has announced that it has closed a $510,000 loan secured by an illiquid and non-controlling 47.5% ownership interest in a commercial real estate syndication. The syndication owns a 108-unit apartment community located in Houston, TX. The property is currently 92% occupied.
The borrower is an experienced commercial real estate investor who was asset rich but liquidity poor. He needed to quickly access capital in order to invest in a time-sensitive opportunity. Despite the borrowers 47.5% ownership interest having a significant equity value, because it is illiquid and non-controlling, he could not find any lender willing to provide him with a loan until he reached out to QuickLiquidity.
Founded in 2015, QuickLiquidity is the industry leader in providing liquidity to both limited partners and general partners in commercial real estate syndications by lending against their ownership interests. Investors can unlock their trapped equity and access immediate liquidity without selling and losing their future upside in the property.
“We provide financing to some of the most overlooked and misunderstood lending opportunities in the commercial real estate space”, said A. Yoni Miller, Principal of QuickLiquidity. "We thrive on entrepreneurial spirit while adhering to institutional quality standards to generate extraordinary results from unordinary commercial real estate loans.”
The borrower received a term sheet from QuickLiquidity within only days of submitting their loan request. It then took only two weeks from when the term sheet was fully executed for the loan to be documented and closed. By working with QuickLiquidity, the borrower was able to receive the capital he needed, in the time frame he needed.
Have a question about loans secured by LLC interest, LP interest, TIC interest, or DST interest in a commercial real estate syndications? Give us a call right now at 561-221-0881.
