Bridge Loan
Bridge Loan for Mixed-Use Purchase in Green Lane, Pennsylvania
- Loan Amount
- $630,000
- Loan-to-Purchase Price
- 60%
- Interest-Only Term
- 6 Months
- Private Loan Type
- Bridge Loan
- Approx. Funding Date
- January 30, 2026
- Property Type
- Mixed-Use
Deal Summary
Myers Capital Hawaii—a residential and commercial mortgage banking company and direct private lender—partnered with its affiliate, Koa Mortgage Fund, to fund a $630,000 purchase bridge loan for a mixed-use property in Green Lane, PA. The loan was funded at 60% loan-to-value based on a $1,050,000 appraised value. The property was structured under a lease-to-own agreement, allowing the Borrower to build equity over time through lease payments. When the opportunity arose to exercise the purchase option, the Borrower leveraged fast and reliable financing to complete the acquisition and secure the location of their business. The Borrower is a long-time small business owner operating at the subject property and plans to refinance the bridge loan into an SBA loan. The subject property was in good condition. It is approximately 7,525 square feet, set in a 2.5-acre lot. The Borrower had good credit. The interest rate was fixed at 14.5%. The loan term was set at 6 months. This bridge loan was funded in January 2026.
Deal Highlights
- Borrower secured a purchase bridge loan to acquire a mixed-use property in Green Lane, Pennsylvania.
- Property was originally structured as a lease-to-own agreement.
- Borrower exercised the purchase option using fast, flexible financing.
- Exit strategy: Refinance into a Small Business Administration (SBA) loan.
Property & Loan Details
- Property City
- Green Lane
- Property State
- PA
- Loan Term (months)
- 6
- Lien Type
- 1st Mortgage
- Payment Type
- Interest Only
- Purchase Price
- $1,050,000
- Location Type
- Rural
- Property Condition
- Good
- Building Square Footage
- 7,525
- Lot Square Footage
- 108,900
- Lot Acreage
- 2.5
- Borrower's Plan
- Continue Occupancy
- Exit Strategy
- SBA Loan
- Borrower Credit Rating
- Good
- Interest Rate
- 14.5%
Loan Originator
Reed Myers
Principal
Reed is also Principal of Myers Capital, an award-winning, privately-owned residential and commercial mortgage banking company and direct private lender based in Honolulu, Hawaii. As a second-generation family business owner, Reed is personally involved in over $2 billion in loan originations, helping thousands of clients throughout the country. He holds active mortgage loan origination licenses in Hawaii and multiple states. He is also an experienced real estate investor throughout Hawaii and the mainland. Myers Capital provides efficient mortgage lending and real estate advisory services in 42 states.
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