$2,200,000

Bridge Loan

Sarasota, Florida

W Financial has provided a $2,200,000 bridge loan for the acquisition of an approximately 29,000 square foot shopping center in Sarasota, Florida. The loan enabled the owner to expeditiously close on the property despite vacancies and several upcoming lease maturities. The borrower plans to stabilize the asset and to then refinance W Financial’s bridge loan with conventional bank financing.