Advisors: Daniel Friedeberg
Lender type: Fund
Property type: Retail
Transaction type: Bridge/Construction
Loan amount: $8,300,000
Barry Slatt Mortgage CEO, Daniel Friedeberg, along with analyst Jason Wang closed a bridge/construction loan on a vacant K-Mart building in the Denver, Colorado.
The property was significantly pre-leased but was subject to a long term ground lease.
The loan was placed with a loan fund.
Friedeberg and his team were chosen for the assignment because of their long term relationship with the borrower as well as their depth of knowledge in retail and relationships with bridge lenders.