It is the third lender finance relationship between the two
EBSC Lending, a private lender focused on real estate financing, has announced that it will be providing a senior credit facility to Metro Capital worth $25 million.
“We are very excited about the financial partnership with EBSC Lending. The customized financial arrangement allows Metro Capital to execute on our excellent near- and longer-term growth strategies,” said Jeffrey Wolfer, executive chairman.
“As a result of this transaction, Metro Capital will be able to expand its established nationwide leadership position in the real estate industry,” he said.
The first advance will be for secured investment condo properties with the mortgage loan borrower purchasing the properties for investment.
The credit facility is slated to be the third lender finance relationship between the two parties.
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