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bridge
Bridge Loan, Indianapolis, Indiana - Truck Stop Land Acquisition
Indianapolis, Indiana
Client : A borrower acquiring land in Indianapolis to expand truck stop parking and related businesses.
Transaction : The acquisition of a 14-acre land site in Indianapolis, Indiana, surrounded by industrial buildings.
Challenge : The client had faced repeated closing delays after their previous lender failed to execute, and needed certainty and speed to secure the site.
Opportunity : A 14-acre land site surrounded by industrial buildings, positioned for expanded truck stop parking and related businesses.
Action : Sherpa Capital Group funded a bridge loan within 7 days of the signed term sheet, securing the site for the client.