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PlattPointe Capital Closes $1.525MM Bridge Loan for Colorado Childcare Facility

November 02, 2018, 07:00 AM
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PlattPointe Capital recently closed a $1.525 million private money bridge loan secured by a childcare facility located in Denver, CO.  The total duration from receiving the package to closing was three weeks.

PlattPointe and a California-based private lender structured an interest-only loan that allowed the borrower to utilize the existing equity in three properties. The borrower required a $460,000 cash-out to purchase a business. The borrower’s exit strategy is to refinance into term debt once the business stabilizes.


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