Use of loan: Bridge
Term: 12 months
Loan amount: $975,000
Loan to value: 25%
Location: Fairmount
An owner of a large parcel of land was under agreement to sell the property to a real estate developer when bluebird was approached for financing. The seller had identified another opportunity but the timing to close on the new opportunity did not line up with the sale of the land. Bluebird was able to provide a bridge loan for working capital between deals.
