Purchase Bridge Loan for Auto Dealership in Burlington, New Jersey

Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Auto Dealership
Auto Repair
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


Source of Borrower's Contribution


Location Type


Exit Strategy

Conventional Loan

Deal Summary

Ontario Wealth Management Corporation, a direct commercial real estate lender, funded a $1,400,000 1st lien position bridge loan for the acquisition of an automotive dealership and repair facility in Burlington, NJ. We funded 45% of the $3,110,000 purchase price, while the Borrower contributed 55% cash at closing. The property, which sits on 5 acres of land, consists of a 5,000-square-foot showroom, and a 17,000-square-foot service area. Burlington is part of the Greater Philadelphia Metropolitan Area, which is home to over 6 million residents. The Sponsors are experienced car dealership operators with multiple locations throughout the state of New Jersey. They plan to refinance with a conventional loan as an exit strategy. The loan term was set at 12 months. This CRE bridge loan was funded in September 2022.

Funded By

Ontario Wealth Management Corporation

Direct Lender for Commercial Real Estate Bridge Loans