50 Single Family Rentals
$1.36MM Bridge Loan
The borrower approached Washington Square with 2 weeks to close on a loan to refinance a portfolio of 50 single family rental properties. The borrower’s current loan was in default and there were over 100 liens and judgments against the properties and the borrower.
Washington Square arranged a bridge loan which closed in 2 weeks to refinance the existing debt and pay off all the liens and judgments.