Bridge Lender for Bahamas Opportunity

December 02, 2022

by a searcher from University of Miami in Dallas, TX, USA

Seeking a 1-year bridge lender for $1M on a real estate acquisition within the Commonwealth of the Bahamas. Funds are used to place the property in escrow (full recourse), a requirement for our follow-on lender.

Our tear sheet is below, but please message me to learn more!

INVESTMENT: $1,000,000 MIN. INVESTMENT: $100,000 RETURN ON INVESTMENT: 25.00% MATURITY DATE: 1 year

HIGHLIGHTS:

Investment used to secure property
Majority of funds sit in full recourse escrow
Future financing LOI obtained with the competitive offer expected within 15 days
Personal guarantee towards balance not in escrow
Delaware-based investment agreement
Named additional insured

DEVELOPER: Paul A. Linden:

Fulltime on the project since July 2021
Fmr. Hospitality and live events business and corporate strategy executive
Overseen $125M+ in construction developments to date
Strategic advisor to a family office network
Start-up founder with one exit (2012)
Masters from the University of Miami (FL)

Reply by a lender
from Fordham University in Fort Myers, FL, USA

Paul, we provide debt financing. If you would consider debt and we get a first lien, we're interested. It looks like you want deposit money. Reply to: redacted

Reply by a searcher
in United States

Wow! Fascinating to see one of SBF's Bahamas properties sell on Search Funder.

+1 more reply.

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