Nebraska Private Lenders for Commercial Property Value Add Projects
A list of private lending companies that fund Nebraska commercial property value add projects. Get a short-term loan to acquire and renovate or re-purpose many types of commercial real estate in [region], including multifamily, office, retail, industrial, hospitality, self-storage, senior housing, mobile home parks and more.
Archway Fund, a direct CRE private mortgage lender, provided a $2,200,000 non-recourse bridge loan for the purchase of a vacant retail property in Omaha, Nebraska. The Sponsor is an owner-user gym operator who plans to move their existing gym to this new location. The property size is 87,000 square feet and include a few smaller retail units. We provided funds for the acquisition and also held back $1,200,000 to be used for the build out of the new gym. The loan-to-value on this deal is 60%. The Sponsor required a quick close and a flexible lender to get this deal done, and Archway closed in just 7 days. The exist strategy is to refinance with a conventional loan once the gym is stabilized and the other units on the property are leased. The loan term is 12 months with extension options. The interest rate was 9.95% Interest Only fixed. We charged an origination fee of 2 points. This bridge loan was funded in December 2019.