Bedford Lending financed the acquisition of a 324 unit self storage facility in the Northeast. The 49,200 SF property was situated on 4 acres and at the recommendation of BLC, the borrower subdivided 2 acres for future development. This strategy had no impact on the value of the loan.  Our loan financed 80% ($2,000,000) of the acquisition price and was structured with a 6.2%, 10 year fixed rate loan. The property was only 80% occupied and many lenders denied the request because of the low occupancy.

Bedford Lending was engaged to secure maximum financing for the acquisition of a 80,000 strip mall. The $10,000,000 loan was funded with a  80% first mortgage, 5% second mortgage and 5% third loan secured by the partneships interest.  The complex loan closed in 30 days and met the clients goal of a long term fixed rate loan with maximum leverage.

Bedford Lending provided financing for a client to refinance a mixed use building. The property contained 12 apartments and 3 commercial units. The $2,000,000 loan paid off the bank and provided a $1,400,000 cash out.

Bedford Lending arranged bridge and mezzanine financing on a vacant Class B office building. The loan was structured with a 2 year, interest-only debt and mezzanine loan and provided overall leverage of approximately 93% against the as-complete value of the project (The loan-to-value drops to 80% upon stabilization). The 2-year facility provided the borrower with sufficient time to retenant the property and reposition it for sale or refinance. The lenders exit strategy was the sale of the building.