Cambridge, MA

The Opportunity

An experienced Boston-area investor had just completed construction on a low-rise apartment property in Cambridge, Massachusetts. He needed short-term bridge financing to pay off the construction loan and stabilize the property for long-term take-out.

With an interest-only bridge loan, the investor could minimize financing costs in the short term while stabilizing the rent roll and occupancy for long-term takeout.

The Solution

Lima One Capital provided the needed financing with an interest-only bridge loan, giving the borrower a
streamlined underwriting process and financial flexibility in terms of pre-payment penalties. This allowed the borrower to focus on getting new tenants at a time of high market demand. The flexible prepayment option allows the borrower to stabilize the property as quickly as possible and then move to his ultimate goal of permanent bank financing.

Throughout the process, Lima One had the borrower’s strategic interests in mind and recommended a loan solution that helped achieve his goals. The end result was a borrower ready to move as quickly as possible to his ultimate long-term strategy for the property.