In this case, a client purchasing a 25-room oceanfront hotel in Lincoln City, Oregon, came to Juniper to close an acquisition loan on the property. Mismanagement by the seller had resulted in depressed revenues, making conventional financing a challenge. Additionally, the buyer’s 1031 Exchange presented the need for a quick close. Juniper’s bridge loan allowed for the acquisition, as well as the renovation of the property, setting the client up to rapidly increase revenues and refinance the loan into a long-term conventional product.
Loan Type: Purchase
Loan Amount: $2,500,000.00