Borrower liquidating an investment property to support his primary business during the COVID-19 pandemic; and seeking an interim loan while the property is marketed and sold.

Southeast Bridge Capital agreed to provide a bridge loan with flexible repayment while the Borrower lists the property for sale. Loan, at roughly 52% of the appraised value of the property, was closed in three weeks.

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Income from sale of property will provide takeout of Southeast Bridge Capital loan. 12-month term provides ample exposure time.