$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.