Liberty SBF Provides $7.7MM Bridge Loan For the Refinance of a Luxury Oceanfront Resort property on St. Simons Island, GAMarch 1, 2016
Liberty SBF, a full-service commercial real estate finance company, recently provided funding for a $7.7MM Bridge Loan for the refinance of an oceanfront resort on St. Simons Island, GA, an exclusive property catering to high net-worth individuals.
The business plan conceived by the property owner along with his partner, an experienced timeshare developer is to convert the property into a profitable business in this exclusive area. The partners believe that with no competition in the market for this type of property combined with projected uptick in tourism over the next few years they will be able to sell out the all units within 18 months.
Liberty SBF provides bridge loans for quick close acquisitions, DPO financing, debt refinancing & restructuring, and partner buyouts. Eligible property types include hotel, multifamily, retail, office, and manufactured housing.
About Liberty SBF
Liberty SBF (Liberty) is a full-service commercial real estate finance company that provides loan origination, loan servicing and asset management. Liberty has a special expertise in small-balance commercial lending, lending directly from its balance sheet. With offices in Philadelphia, Chicago, Los Angeles and New York, Liberty originates loans across the United States. For more information about Liberty SBF, please visit http://www.libertysbf.com.