$2,200,000
Bridge Loan
Savannah, Georgia
W Financial has provided a $2,200,000 first mortgage loan secured by a development site located on Louisville Road in Savannah, Georgia. The total loan amount was $4,700,000 and there was a $2,500,000 mezzanine loan placed subordinate to our first mortgage. The borrower intends to finish his construction plans and then refinance W’s bridge loan with a traditional construction loan.