ARRIBA CAPITAL CLOSES $1,050,000 LOAN: ST. LOUIS, MO

Arriba Capital successfully closed a $1,050,000 bridge loan to refinance the existing debt on 63 apartment units located in St. Louis, MO. The borrower approached Arriba while the properties were in a technical default. Arriba turned a negative situation in to a positive one by structuring a financing package that allowed our borrower to capitalize on a discounted payoff (DPO) with the existing lender. “This discounted payoff enabled our borrower to drastically reduce his future debt burden while shoring up the balance sheet.” said Joel Nathanson of Arriba Capital.