@bridgelenderguy Have a data center bridge loan opportunity in SC. My friend runs a debt fund and is looking for a pari passau partner. Can send over materials if of any interest.
@real_duder@donkeyDdevelops Awesome thread. Have seen developers purposefully push unprofitable projects to collect a dev fee, but this is next level. Do you know if the senior lender was impaired as well?
LOAN
IMAGE: Cameron Huard & Albert Malik
DATE: 08/29/2025
ADDRESS: 4848 El Camino Real
MARKET: Los Altos, CA
ASSET TYPE: Development Site ~ SF: 140,000
LANDLORD'S REP: Cameron Huard & Albert Malik - Curated Real Estate Capital
LOAN AMOUNT: $53,000,000
LOAN TYPE: Construc...
@CaseyMericle So in step 1 you’re buying that all-cash? Then step 2 the seller is receiving $8k/mo collateralized against the property purchased in step 1? Assume convincing the step 2 seller to accept the mortgage as payment is the most challenging part of this structure?
@damonhemmerding@Keith_Wasserman Have clients who are building a 450+ unit MF project in Fishtown neighborhood of Philadelphia if anyone is looking to deploy into an OZ!
@TheWolfofREI Their credibility and neutrality are definitely coming into question. 3 rate cuts during an election year and all of Yellen's comments on monetary policy. Really see no data that would indicate cuts are necessary. Hopefully this is not Arthur Burns 2.0