ARRIBA CAPITAL CLOSES $15,000,000 LOAN: NEW YORK

Arriba Capital (Arriba) successfully closed a $15,000,000 bridge loan for a 430-acre campus located in New York. With the purchase contract expiring in just a few days, the transaction required a small window of execution. Arriba was able to deliver a 6-month interest only loan, levered to 60% of cost, priced at 11%, and closed in just 6 business days.