Super G Capital has provided a $3.3 million bridge loan to a privately owned portfolio of commercial and residential real estate totaling $300 million in value.

The client is a successful retail entrepreneur who diversified his wealth into real estate. While the Company was in the process of selling several large commercial real estate properties in California for liquidity, there was a working capital need to cover operating costs until the transactions closed.

Super G was able to quickly get comfortable with the transaction due to the appraised portfolio value, market feedback, and equity in specific real estate properties. While there was no specific property with equity to support a $3.3 million loan, Super G was able to get comfortable with a pool of properties in a second lien position which traditional real estate and hard money lenders were not comfortable with. 

Super G provided a $3.3 million second lien term loan with interest-only payments and closed in one week.