CRE Bridge Loan, El Paso, Texas - Medical Office Building
Client: A local radiologist aiming to expand their medical practice and transition to a larger facility had a year-end closing.
Transaction: Acquisition loan for a medical office building situated in the main medical district of El Paso, Texas.
Challenge: The client required a quick closing before year-end to capitalize on favorable tax planning (accelerated depreciation).
Opportunity: Conventional financing was unable to meet the tight deadline, but Sherpa Capital Group provided financing within just 2 weeks.
Action: Sherpa Capital Group funded a first mortgage/bridge loan. The borrower's exit strategy involves refinancing with a conventional lender within the next 6 months.
Transaction: Acquisition loan for a medical office building situated in the main medical district of El Paso, Texas.
Challenge: The client required a quick closing before year-end to capitalize on favorable tax planning (accelerated depreciation).
Opportunity: Conventional financing was unable to meet the tight deadline, but Sherpa Capital Group provided financing within just 2 weeks.
Action: Sherpa Capital Group funded a first mortgage/bridge loan. The borrower's exit strategy involves refinancing with a conventional lender within the next 6 months.
