Insignia Mortgage recently closed a Private Debt Fund for $11 million. This case study showcases Insignia’s unique ability to get truly complex loans funded.
In this scenario, a high-profile borrower approached Insignia Mortgage to discretely locate $11 Million bridge loan to sell. The borrowing entity was a complex foreign trust, and the property involved as a condominium located in Manhattan, New York. Insignia Mortgage located a lender that gave the borrower the loan for 12 months, with a 12-month extension option, at 10.75% for an LTV of 30%.attain a more expensive loan. The loan closed in under 3 weeks with all of the moving pieces.
At Insignia Mortgage, we understand that what works for one client does not always work for everyone. Especially when your financial picture doesn’t adhere to the strict model that many conforming lenders demand. Connect with us to learn more about our non-QM lending solutions.