Amount: $2,500,000 • LTV: 75% • Rate: 12.50%
Property
A high-capacity agricultural facility situated on 10 acres of land in Mississippi. Park 49 arranged a $2,500,000 senior bridge facility to resolve an impending lender maturity and stabilize property operations.
Scenario
Facing an imminent loan maturity from a local lender, the owner of a specialized 10-acre farm facility in Mississippi required immediate short-term capital to refinance existing debt and protect equity. The transaction involved notable execution complexity, including intricate agricultural insurance guarantees and nuanced borrower credit profiles that deterred traditional institutional execution. The client engaged Park 49 to navigate these operational hurdles and deliver a rapid financing solution. Leveraging its deep private capital network, Park 49 underwrote the specialized collateral, structured the credit enhancements, and successfully closed a $2,500,000 senior bridge loan at 75% LTV. Priced at 12.50%, the short-term capital provided immediate payoff of the maturing obligation and gave the borrower the necessary runway to execute long-term operational plans.