Proceeds will be utilized by borrower for other investment opportunities
Hamptons, NY August 25, 2015 – Silver Arch Capital Partners is pleased to announce it has provided a loan of $1,375,000 secured by a 2.7 acre waterfront vacation property in the Hamptons, NY. The 2 story, 6,700 Sq. Ft. residence includes a recessed Har-Tru tennis court, gunite pool with spa, private sandy beach and boat dock, announced Jeffrey Wolfer, president and CEO of the Hackensack, NJ based Silver Arch Capital Partners. In the transaction the borrower, “will utilize the proceeds to invest in other business opportunities,” said Wolfer.
“The fact that the Borrower has extensive investing experience, the prime location of the collateral, and the fact that property is valued at over $3.5 million dollars, made this an easy transaction,” said Wolfer.
Silver Arch Capital Partners is a leading nationwide private lender to the commercial real estate market, specializing in bridge loans to owners, investors and developers in need of funding outside the scope of traditional banks and lenders. Formed with the mission to assemble the most highly creative minds in real estate lending under a single banner, the firm recognizes the importance of access to capital in turbulent times. Its partners, who have closed over $2 billion in loans, have the knowledge and insight to guide a borrower through the entire loan process, from initial review through closing.
Drawing from various resources, Silver Arch Capital Partners offers loans from $1 million to $50 million with the flexibility and creativity to review projects of every type — multifamily, office, retail, industrial, hotel and land — and to offer funding for almost every purpose — restructurings, discounted payoffs, purchase of notes and property improvements.