Slatt Capital Vice President, Sarah Bernhisel along with CEO Dan Friedeberg, Vice President Andrew Macleod, and Analyst Jason Wang, recently closed two bridge loans totaling $22MM for two retail centers in Colorado and Arizona. The loans were placed with a debt fund lender.
The borrower, a long-time client of Slatt Capital, had a new 95% equity partner in tow and hired Slatt to resize the loans. Slatt Capital was ultimately chosen due to its expertise in placing bridge loans on retail properties. Slatt created a competitive market and ultimately secured a 72% LTC non-recourse loan, 7.43% interest rate fixed for 24 months, interest-only. We were very impressed with the lender on this transaction, and we are excited to see the borrower execute their business plan.