Read Our Borrower’s Testimonial: Liberty SBF Closes Complex Deal on Rutgers University Campus in NJ

July 25, 2014

 

 

Liberty SBF Provides Bridge Loan For Mixed-use Property On Rutgers University Campus in New Jersey

Liberty SBF recently provided a $1.5M Bridge Loan to the owner of a mixed-use property at Rutgers University in New Jersey, the only non-university building on the campus. In a complex deal, with a non English-speaking borrower who needed to close quick to pay off a matured loan and property taxes, Liberty SBF was able to provide financing on a good property in a prime location.

After the loan closed, the borrower wrote to Liberty SBF about how he appreciated the work that Senior Vice President Charles Bowles did to get his deal done: “I must express my undying gratitude and loyalty to you and your exemplary lending institution… You kept me abreast of the process throughout this tenure. You were available after hours by email or by phone…. Although there were paid hired professionals at my side it was you who had the determination and experience in order to bring this transaction to fruition.”

Call Liberty SBF today to submit your next deal!
Contact Charles Bowles at (610) 816-0204
or email CBowles@libertysbf.com.

Nationwide Lender | Brokers Protected

See below for more of our recently closed properties.

$3,250,000
CMBS Loan

Non-recourse loan to purchase a 50-unit apartment complex in Desert Springs, CA. Complex deal structured to enforce full-recourse “bad boy” carve outs for a foreign (non US) sponsor.

$14,000,000
Bridge Loan

Liberty SBF provided a first mortgage bridge loan secured by two manufactured housing communities encompassing 283 pads location in Tioga and Williston, ND.

$5,875,000
Bridge Loan

Three shopping centers refinanced in a time essential deal. New equity contributed to transaction by sponsor, an investor with sufficient experience, net worth and liquidity to support the request.

$1,483,000
Bridge Loan

Loan encompased two of the buildings that make up Village Centre Properties, a suite of creative office spaces in historic Sounderton, PA.

$3,800,00
Bridge Loan

Bridge loan on a multifamily property in Charlotte, NC. Borrower, who is a Canadian foreign national, used funds to purchase another multifamily property in Rockhill, SC

$2,100,000
Bridge Loan

One-story, 13-unit apartment property in Pasadena, CA. Refinance of existing mortgage to provide funds to perform maintenance and replenish reserves.

Call me anytime if you have any questions about any of our lending programs.
Contact Charles Bowles at (610) 816-0204 or email CBowles@libertysbf.com.

 

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Top Image: “Rutgers Newark campus 003” by Arthur Paxton – Office of Communications, Rutgers University, Newark. Licensed under Creative Commons Attribution 3.0 via Wikimedia Commons