Arriba Capital Closes $1,000,000 Bridge Loan for 63 Multifamily Units in St. Louis, MO

SCOTTSDALE, Ariz. - July 18, 2013 - PRLog -- Arriba Capital ("Arriba") successfully closed a $1,000,000 bridge loan to refinance the existing debt on 63 multifamily 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.

About Arriba Capital

Arriba Capital is a fully integrated financial services company and a brand synonymous with excellence in commercial real estate. Arriba Capital has a diverse and innovative product line to optimize all of your needs, including asset management and various types of debt and equity programs. Our seasoned professionals have worked with hundreds of entrepreneurs, developers and investors by offering insight and analysis for structuring projects, repositioning assets, negotiating payoffs and providing guidance to enable you to achieve successful results in these rigorous capital markets. Arriba Capital focuses on providing financing solutions for transactions across a range of property types anywhere in the U.S. Arriba Capital is headquartered in Scottsdale, Arizona with a regional presence throughout the nation.