BridgeInvest Closes $11.25 MM Loan for Nine Luxury Vacation Rental Homes
1st Priority Mortgage Loan
BridgeInvest is excited to announce the recent closing of a $11.25 million senior secured loan to acquire nine fully furnished luxury vacation rental homes located in an amenity rich suburban development known as Bear’s Den, near Orlando, Florida. The property benefits from its proximity to the Orlando International Airport, Walt Disney’s Disney World amusement park and the Universal Studios amusement park. The Bear’s Den development also features an 18-hole Jack Nicklaus designed golf course. The BridgeInvest loan provided the Sponsor with the necessary capital to execute its business plan.
BridgeInvest underwrote nine unique ultra-luxury vacation rentals and structured the transaction to provide one simple bulk loan to the Borrower.
The loan allows the Sponsor to hold or selectively sell the homes with predetermined pay down prices.
The loan was brought directly to BridgeInvest by an existing borrower relationship, evidencing the value proposition BridgeInvest delivers to its clients.