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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/15/2015
Property Type
Retail
Property City
Alexandria
Property State
VA
Loan Term (months)
36
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
80%
Number of Units
6
Deal Summary
Adler Private Lending, a direct lender for DC and Northern Virginia, funded a $8,000,000 1st lien position bridge loan secured by a 6-unit retail property in Alexandria, VA. Our loan-to-value was 80% and the loan term was set at 3 years. This refinance bridge loan was funded in May 2015.
Funded By
Adler Private Lending
"Boots on the Ground" Direct Lender for DC and Northern Virginia only