Boca Raton, FL, Nov 27, 2018: QuickLiquidity, a private equity firm investing in commercial real estate debt and equity nationwide, has announced that it has closed a $1.5 million loan. The loan is secured by a portfolio of illiquid and non-controlling ownership interests in over 30 different commercial real estate partnerships. The portfolio’s ownership interests are well diversified by both property type and geography. They include investments such as a 15% interest in a 405-unit apartment community in Brooklyn, NY, a 6.67% interest in a 367,000-square-foot office building in Wyomissing, PA, and a 12% interest in a 396-unit apartment community in Arlington, TX.
Image of an office building where a partial ownership interest was taken as collateral
The borrower, an experienced commercial real estate investor looked to monetize his portfolio of ownership interests in order to access capital to invest in a time sensitive real estate investment. Due to his interests being both illiquid and non-controlling, the borrower was unable to find any lender willing to use his interests as collateral until he was introduced to QuickLiquidity. QuickLiquidity has built a reputation for being the go-to lender for funding the commercial real estate deals other lenders won’t, all while providing quick underwriting, flexible terms and certainty of execution. By working with QuickLiquidity, the borrower was able to receive the capital he needed in the time frame he needed.
“We have a tremendous amount of experience with purchasing and lending against minority interest positions in commercial real estate partnerships,” states A. Yoni Miller, Principal of QuickLiquidity. "Helping our borrowers with time-sensitive and complex transactions is at the heart of what we do every day. Our success is not only determined by the returns we generate, but by the relationships we build.”
The borrower had received a term sheet from QuickLiquidity within only days of submitting information about his portfolio of ownership interests. It then took only three weeks for the ownership interests to be underwritten and the loan to be documented and closed.
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