ZarVic Brothers Commercial Real Estate Finance, Providing Short Term Loans Undefined
ZarVic primarily originates, invests in, acquires and manages performing commercial real estate mortgage loans, subordinate financing, bridge loans, and other commercial real estate-related debt investments throughout the U.S.
February 26, 2014 (Newswire.com) - ZarVic has recently funding $22.5 million mezzanine loan secured by a first mortgage loan and a pledge of the equity interest as well as a short term bridge loan, in a borrower that owns a small portfolio of commercial retail and mixed-use property The mezzanine loan is part of a $62.8 million floating rate loan comprised of an $40.3 million mortgage loan and ZarVic's $22.5 million mezzanine loan. The mezzanine loan has a three-year term subject to certain conditions. ZarVic's loan basis represents an appraised loan-to-value of 50%.
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