We are pleased to announce that Archway Fund has funded a $5,500,000 loan on an owner-occupied 58K SF Industrial Building located in Fullerton, CA. Proceeds were used to refinance maturing debt, pay taxes and provide cash for building improvements. Archway Fund structured the deal with a quick close to bridge the gap to permanent financing.
Why Archway Fund? The borrower and its broker chose Archway Fund due to their requirement for a lender with a non-bureaucratic approval process, quick close and minimal 3rd party reporting requirements. There was no appraisal required on the transaction.
Loan Details: $5.5M loan, 8.5% fixed interest, 18-month term plus extensions
Archway Fund is a Los Angeles-based, privately capitalized, direct lender specializing in financing short-term bridge loans secured by commercial real estate. Archway Fund offers quick, reliable and flexible lending solutions to help real estate sponsors meet their investment objectives.
Please contact Marissa Wilbur for all new loan submittals. Marissa can be reached at 424.270.0168 or firstname.lastname@example.org