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Transaction: Hamptons, Tampa, FL
Property Type: Condominium Conversion (315 units)
Structure: Mezzanine Loan
MF Loan: $5,000,000
Date: Jun 2005
Broker: N/A – Repeat Borrower
Senior Loan: $50,500,000
Description: Hamptons, Tampa, FL
Borrower was set to close this transaction with a $50.5 million senior bridge loan from Mountain Funding, when other opportunities resulted in Borrower being short on equity for this deal. Although notified just a few days from the scheduled closing, Mountain agreed to expand its leverage to include this mezzanine funding up to 93% of the project’s capital requirement.
 

 

Mountain Funding's representative transactions serve as examples of the wide variety of funding alternatives that have been provided to residential and commercial developers on a nationwide basis.  In fact, our real estate transactions are structured to take advantage of out-of-the-box opportunities that require quick closings.  In fact, Mountain Funding has been creatively providing unique financing alternatives since 1993.

Mountain Funding's preferred product types are land acquisition and development, retail construction, retail redevelopment, retail repositioinings for shopping centers and malls, multi-family repositionings, apartment redevelopments, condo construction, condo conversions, and single-family development, subdivisions, commercial development, income properties and other non-stabilized value-added opportunities.