Our flexibility and speed allow us to tackle creative lending situations where an institutional lender would be stymied. This property was a 4-unit building that was part of an estate with several other properties, but not a lot of liquidity. The due date on the estate was fast approaching, and the trustees were confronted with distributing the assets of the property-heavy estate without enough cash to make it equitable.
Roza Real Estate Loans stepped in and structured a 2-year loan to allow the trustees to provide a cash distribution in addition to the property distribution. This allowed them the flexibility to even things out, get the numbers right, and enable the court to release the estate. The trustees were able to use the loan to work out the distributions to be of equal value, and we were able to lend on the equity in the property, close it quickly easily meeting the court deadline.