Bridge Land Loan – Buffalo, New York
Client: A repeat client—an experienced real estate developer specializing in multi-family and affordable housing.
Transaction: Cash-out refinance loan secured by multiple land parcels for the future development of townhomes and multi-family units in Buffalo, New York.
Challenge: The client required additional funds to finalize entitlements and development plans prior to securing a construction loan from a local bank.
Opportunity: Conventional financing options for land development were limited in the market. As a trusted partner, Sherpa Capital Group LLC worked closely with this repeat client to structure a tailored financing solution, enabling them to continue progressing with their project.
Action: Sherpa Capital Group LLC provided a first mortgage to bridge the financing gap. The client’s exit strategy includes completing all necessary plans and permits, followed by securing a construction loan with a local lender within 6-9 months.
Transaction: Cash-out refinance loan secured by multiple land parcels for the future development of townhomes and multi-family units in Buffalo, New York.
Challenge: The client required additional funds to finalize entitlements and development plans prior to securing a construction loan from a local bank.
Opportunity: Conventional financing options for land development were limited in the market. As a trusted partner, Sherpa Capital Group LLC worked closely with this repeat client to structure a tailored financing solution, enabling them to continue progressing with their project.
Action: Sherpa Capital Group LLC provided a first mortgage to bridge the financing gap. The client’s exit strategy includes completing all necessary plans and permits, followed by securing a construction loan with a local lender within 6-9 months.
