bloomington1

Bloomington Portfolio

$3,100,000

Bloomington, IN


  • Loan Type: Recapitalization Financing
  • Property: Office & Mixed Use
  • Scenario: The proceeds from the first mortgage loan were used to pay off an existing defaulted mortgage. The existing lender threatened to revoke a $500,000 principal reduction if the existing loan was not paid off by a certain date.
  • Result: