Deal Details
Private Loan Type
Purchase
Approx. Funding Date
09/01/2019
Property Type
Mixed-Use
Property City
Bucks County
Property State
PA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Commonwealth Capital, a direct private lending firm, funded a $650,000 1st lien position bridge loan for the acquisition of a mixed-use property (brewery and distillery) in Bucks County, PA. The real estate developers needed financing to complete renovations on the property leased to a brewery and distillery. The loan term was set at 2 years. This CRE bridge loan was funded in September 2019.