New Purchase (Commercial)
51,000 sq ft building
Loan Size - $3mm
LTV - 30%
Term - 18 months
Spoonbill Partners LLC is a direct portfolio lender founded by experienced individuals with financial structure experience of over 25 years. Since its inception, Spoonbill Partners has focused on short term bridge loans, secured by first trust deeds on both commercial and residential real estate. By maintaining this niche Spoonbill Partners has established a reputation for being fair and dependable. Spoonbill Partners has grown to be one of the more consistent lenders in this asset class.
Simple cash out process on either primary or vacation home loans. Either structured as a home equity line or lump some payment.
New construction, multi-family and short term bridge loan refinanced to longer term conventional funding.
Perfect for individuals looking to buy a home for either their primary residence or as a non-owner occupied investment.
In 2018, Spoonbill Partners has been responsible for the funding of over $100 mm in 1st trust deed mortgages. While using our network of real estate agents, escrow officers and title companies Spoonbill Partners is able to approve and close quickly and efficiently. Closings will occur with loan officers and escrow agents based on the respective state where various laws may apply. In the residential space we've successfully funded owner and non owner occupied homes, land and developments deals as well mulitple refinances. These transactions have varied in location from west to east coast of the us and most recently moved into western canadian markets. We maintain our goal of concentrating on borrowers that dont fit into the restrictive qualifications of traditional banks while primarily focusing on the asset and its underwriting.
51,000 sq ft building
Loan Size - $3mm
LTV - 30%
Term - 18 months
Hermosa Beach, CA
Loan Size - $2.6mm
LTV - 55%
Term - 3 months
Delray Beach, FL
Loan Size - $175k
LTV - 45%
Term - 12 months
Manhattan Beach, CA
Loan Size - $3.7mm
LTV - 40%
Term - 5 months