$2,825,000

Bridge refinance for seven condo-mapped duplexes in a tertiary market. Borrower was six months past maturity with the senior lender, and the payoff had grown well past initial term sheet coverage. SCG negotiated the payoff with the servicer, sized the new loan to cover it in full with no capital call, and placed a $2,825,000 refinance with a California bridge lender. Foreclosure averted, senior lender paid off, fourteen units heading to market.