STAMFORD, Conn.--(BUSINESS WIRE)--Silo Financial Corp., a Stamford, CT based mortgage finance company specializing in real estate secured situational bridge loans, announced that it has recently made 6 loans totaling $8,570,000. Silo Financial provides real estate secured loans ranging from $350,000 to $20,000,000 for special situation requirements, time-critical needs and to accommodate other circumstances that do not conform to the standard guidelines of banks and other traditional mortgage lenders. Silo’s bridge loan programs is structured to solve problems and/or facilitate opportunities rather quickly, enabling Borrowers to exit our loans in as little as 3 to 6 months penalty free versus the prohibitive prepayment penalties of other Lenders. “In today’s mortgage environment, with the turbulence in the capital and mortgage markets, it is crucial for Borrowers who need fast execution to know they are dealing with a direct portfolio Lender,” noted Jonathan Daniel, President of Silo Financial. “A Lender that can honor its original terms and has an unblemished track record for reliable execution. Time and again we have financed transactions which have fallen by the waist side of other Lenders, due to exogenous capital market conditions affecting non portfolio lenders and multi strategy hedge funds."
Silo’s recent closings include:
* $4,500,000 - Greenwich, CT – fully approved 10 acre waterfront subdivision (5 Day closing)
* $2,000,000 – Newport, RI – 4 Story retail / office building with 16 car parking
* $795,000 – New York, NY – 4 Story Brownstone with Commercial Zoning overlay
* $475,000 – New York, NY – 4 story row-house
* $451,750 – New York, NY – Vacant Townhouse
* $350,000 – Sterling, MA - Mixed Use, 2 retail stores and 2 apartments
Silo Financial can accommodate loans to facilitate a wide range of difficult to finance situations, including: equity recapture, working capital, business loans, impaired credit, unsound financials, borrower distress, foreclosures, tax liens, judgments, bankruptcies, partner disputes, divorce, litigation, bank workouts, turnarounds, restructurings, rehabilitation, renovations and vacant properties. For further information call 203-327-3327 or visit www.silo-financial.com.