When one of our recent clients came to us, they were in a difficult—but increasingly common—position:
Their loan had matured, and their lender was no longer willing to extend or renew. With the clock ticking, pressure was mounting to sell the property under unfavorable terms—or face default.
The Situation
- Loan Status: Past maturity, lender threatening foreclosure
- Asset Type: Mixed-use property in a high-demand urban area
- Primary Challenge: No takeout financing available due to market volatility and short timeline
- Objective: Reposition the property, improve occupancy, and maximize exit value through a sale
Our Solution
Edgewater Lending stepped in quickly with a custom-structured bridge loan, secured by the property’s equity and underwritten with the exit in mind.
We closed in just under two weeks, providing the capital and breathing room the borrower needed.
Key features of the loan:
- Flexible term to align with projected sale timeline
- Interest-only structure to preserve cash flow
- Minimal documentation to streamline closing
- Funds disbursed quickly to satisfy the original lender and avoid further legal action
The Outcome
With the pressure off, the borrower was able to:
✅ Complete light renovations
✅ Secure a strong tenant to stabilize cash flow
✅ Market the property at full value
✅ Exit on their own timeline—without a distressed sale
Why It Mattered
Had the borrower been forced to sell immediately, they would have left significant equity on the table. Our financing gave them the leverage and flexibility to maximize the property’s value and control their outcome.
Need Time to Reposition or Refinance?
If you’re past maturity—or approaching it—with no clear path forward, Edgewater Lending can help. Our bridge loans are designed for speed, flexibility, and real estate owners who need time to execute.
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