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Goal
The goal of the Borrower was to secure a discount on their exiting bank loan, the bridge loan needed to close before the end of the year to secure the discount. Their existing bank was being acquired, and the acquiring bank was providing the discount to our Borrower. The quick-close ability of Prescient Capital allowed the Borrower to meet near-term strategic goals. -
Loan Request
$8,780,000 -
Loan-To-Value (LTV)
75%