Mountainside LLC Announces its Newly Formed Real Estate Lending Division and Closes Its First Deal
September 13, 2021
Source: Mountainside LLC i
Mountainside LLC is pleased to announce their first deal, a $1.5 million bridge loan to a well-known real estate developer in Houston, TX. Mountainside recently formed a real estate bridge loan division that will provide short-term financing for commercial and residential properties. Loan durations will be between six months to three years and will be in the $250,000 to $2 million range. Currently, there is a strong demand for loans of this type, Joel Flig (president) of Mountainside Capital said our team is very excited about the formation of the fund. Mountainside has the capability of originating fast, flexible, and creative decisions, such as building interest reserves into the funding.
Mountainside Capital also provides ABL and Factoring Services. For more information contact:
Joel Flig: joel.flig@mountainsidecap.com (516) 721-8643
Bob McDonald: bob.mcdonald@mountainsidecap.com (843) 475-7093
