Proceeds will be utilized by Developer to construct luxury residence
Windermere, FL May 9, 2015 – Silver Arch Capital Partners has closed a construction loan to a developer building a luxury home in an exclusive Florida development, 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 build a beautiful luxury home, that upon completion, will be valued at approximately $1.2 Million,” said Wolfer.
The 5,000 sq. ft. home located at the Lake Davis Reserve, is in a community of exclusive home sites, lakefront lots and the highly renowned Windermere Prep Private School directly next door, Lake Davis Reserve is everyone’s “American Dream”.
“The fact that the developer has extensive experience and the property is located in a prime location, 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.