Commercial Building

Kent County, RI

Clubhouse Capital secured a $1.25 million bridge loan to fund a developer’s acquisition of the underlying mortgage loan on this property, with a foreclosure pending. Once the mortgage loan was purchased, Clubhouse assisted the developer with negotiating a lease extension with the national pharmaceutical tenant, and completing the foreclosure sale to outflank other interested bidders. Clubhouse then refinanced the bridge loan with a conventional mortgage loan funded by a regional bank. (Fall 2014)