Indonesian business man with numerous business and real estate assets around the world.
Mixed use commercial property in Reno, Nevada.
To secure a 12 month bridge loan to purchase another property in California.
Client had several business around the world, Indonesia, US, Canada and Thailand. While some businesses have been very successful others have struggled due to increased competition and tighter regulation. Showing current financials would be challenging.
GMG engaged a pocket asset based lender with the understanding of the complex financial structure of each business/entity. Equity release from the commercial property in Reno, NV was sufficient enough to structure a purchase. 12 months later both properties were refinanced into low interest commercial structure loans.
|Loan Type||Property Value||Loan Amount||LTV||GMG Program|
|Refinance / cash out||$3,450,000||$1,500,000||43%||GMGUS Bridge 1|
|Loan Type||Refinance / cash out|
|39%||GMGUS Bridge 1|