T-MAX Lending LLC provides short term financing for a Real Estate Investor.
Feb 16, 2023
March 16, 2023
T-MAX Lending LLC is pleased to announce that it just successfully closed a $4,000,000 commercial loan to a real estate investor. The loan proceeds were used to consolidate debt and the loan was funded by one of T-MAX Lending LLC private investors.
The loan is secured by a second mortgage on an investment property in New Canaan, Connecticut as well as a pledge of the borrower’s equity stake in another property that is located in Long Island, New York. The aforementioned property has no mortgage on it and is owned “free and clear”.
The borrower expects to pay off T-MAX Lending LLC short term bridge loan either through a liquidity event or from the sale of the property in New Canaan, Connecticut. T-MAX Lending LLC funded this loan request within two week as investor wanted to close very fast.