Bloomingdale, Illinois – Office

The goal of the borrower was to 1) use the proceeds from the Prescient Capital loan to pay off the existing lender and to stabilize the property, and 2) repay the Prescient Capital loan within 12 months with a new bank loan once the property exits the foreclosure process. The quick-close ability of Prescient Capital provided a strategic advantage for the borrower in meeting their near term goals.

$2,050,000

68%