Existing Red Fox customer had an opportunity to acquire a suburban office building at a below market basis, but had to move quickly to both put up a non-refundable deposit and close.

Red Fox was able to provide a $7,750,000bridge loan, reflecting 75% of the acquisition and upfitting cost of the asset….committing the deal within twenty-four hours and closing within the three-week timeframe established by the seller.

The primary source of repayment for this transaction is a permanent market refinance of the retail center.  As a secondary source of repayment, the loan is secured by other real estate assets owned by borrower, which could be liquidated or re-financed to pay out Red Fox.