01
The transaction
A sponsor agreed to buy a Coral Gables waterfront residence for $14.5 million. The purchase required $9 million of first position financing and had a fixed closing date.
Featured case study
$9M private acquisition loan in Coral Gables
A $14.5 million waterfront purchase. A $9 million first-position loan. Closed in 7 calendar days and 5 business days.
- Loan amount
- $9,000,000
- Purchase price
- $14,500,000
- Interest rate
- 9.5%
- Term
- 48 months
- Position
- First lien
- Days to close
- 7 calendar days / 5 business days
- Status
- Closed
- Asset
- Waterfront residence, Coral Gables
02
The challenge
A conventional process would not meet the timeline. The borrower needed a private lender able to evaluate the asset, size the loan, and fund in days.
03
Matchpoint’s analysis
We reviewed the property, the $14.5 million purchase price, requested leverage, sponsor, our first lien position, and the downside if the plan changed.
04
The structure
$9 million of first-position acquisition financing at 9.5%, with a 48-month term, sized against the $14.5 million purchase.
05
Execution
The borrower dealt directly with the principals. We structured, documented, and closed the loan in 7 calendar days and 5 business days.
The result
The acquisition closed on schedule with $9 million of first-position capital in place.
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