Lancewood Capital Provides $1.4M Bridge Loan For Industrial Property In Boynton Beach

The industrial property located at 141 Commerce Road in Boynton Beach has been involved in a recent transaction. The loan, provided by Lancewood Capital, was secured by the borrower, who sought a quick closing for a time-sensitive acquisition opportunity. Lancewood Capital, known for its competitive terms in the bridge/private lending space, was able to close the deal in just two weeks at a near-bank rate. The loan amount was $1,400,000 with a 7.5% interest rate.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,400,000
• Loan Type: Bridge
• Lender: Lancewood Capital - Matt Schatzle
• Landlord: Chris O'Hare

The borrower was able to secure the loan quickly due to Lancewood Capital's family office structure, which allows them to provide competitive terms. Lancewood Capital is actively seeking to fund more transactions in major areas such as Florida, Texas, California, New York, and other major MSA's. For more information, interested parties can reach out to Lancewood Capital at [email protected] or by phone at 866.839.0337 or 561.222.4339.