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Structured CreditJune 27, 2018

Super G Provides $3.3 Million Bridge Loan

The Company:

Privately owned portfolio of commercial and residential real estate. Total portfolio value: $300 million.

The Financing Situation:

Successful retail entrepreneur diversified his wealth into real estate. While the Company was in the process of selling several large commercial real estate properties in California for liquidity, there was a working capital need to cover operating costs until the transactions closed.

The Solution:

Super G was able to quickly get comfortable with the transaction due to the appraised portfolio value, market feedback, and equity in specific real estate properties. While there was no specific property with equity to support a $3.3 million loan, Super G was able to get comfortable with a pool of properties in a second lien position which traditional real estate and hard money lenders were not comfortable with. Super G provided a $3.3mm second lien term loan with interest-only payments and closed in one week.

This transaction highlights Super G’s expertise in special situations. While the majority of our deals are and will be cash flow based, we will opportunistically provide special situation (balance sheet) loans requiring creativity, flexibility, and speed to close. We also have a strong interest in providing customized solutions for illiquid high net worth entrepreneurs.