6C — February 18 - March 17, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Lender provides CRE bridge loans as well as a permanent loan for SFR rental portfolios Verus Commercial Real Estate Finance provides borrowers a personalized loan experience
erus Commercial Real Estate Finance (VCREF) is a nation- wide direct lender that lends in
assets as well as providing financing solutions for single family rentals (SFR) which include a permanent loan, a bridge loan, and a guidance line of credit. As a specialty finance lender, VCREF focuses on providing loan solutions that are cus- tomized to meet the specific business needs of our borrow- ers. Financing with VCREF provides borrowers a person- alized loan experience with a quick closing time frame that other competitors do not provide. By offering flexible structure and a streamlined
funding process, VCREF can quickly address any challeng- es that arise and adjust our deal structure accordingly. VCREF’s bridge loan pro- gram offers capital for transi- tional properties for a mixture of scenarios, including ac- quisitions, refinances, equity recapture, and renovation. The Intermediate Bridge Loan provides a loan term of 3 years plus two 1-year extension op - tions while VCREF’s Short- Term Bridge Loan offers a flexible term of 12-24 months plus up to 1 year extension with no prepayment penalty
or minimum interest. Each program is designed to be structured around the bor- rower’s needs while they com- plete their business plan and stabilize the property. In addition to our active br idge lending plat form, VCREF's SFR portfolio pro- grams offer loans for investors looking to grow their portfolio and includes a short-term bridge loan for acquisitions, renovations and lease-ups as well as a permanent loan prod- uct that offers long-term fixed- rate financing. These bridge loans can roll into VCREF’s
permanent financing options at loan maturity. Additionally, VCREF offers, to qualified sponsors, a Guidance Line of Credit, which is a flexible alternative to a traditional line of credit. Sponsors can get approved for up to $15,000,000 in bridge financing and draw as needed to acquire, stabilize, or lease-up rental properties. VCREF’s SFR Portfolio Permanent Loan provides 5-, 7-, and 10-year loan options to help landlords leverage their investment properties’ equity, consolidate debt, or grow their portfolios. As a leading CRE lender, we continue our commitment to be the most innovative and creative lender in the busi- ness with a knack for thinking outside of the box in a face- paced market. KenWood is managing di- rector of Verus Commercial Real Estate Finance. MAREJ Diversified Props. inks 750 s/f lease brings office building to full occupancy MONTVILLE, NJ — Di- versified Properties , one of the region’s most experienced commercial real estate build- ers and owners has signed a lease with Nexiix Marketing for 750 s/f of office space at Montville Center located 350 Main Road in Montville. Montville Center is com- prised of a 33,900 s/f, two-story office building and a 98,000 s/f CubeSmart self-storage facility situated on a five-acre site located at the intersec- tion of I-287 and Rte. 202 in Montville. The office building boasts on-site ownership and management, on-site daycare provided by Kiddie Academy, and a parking ratio of 4/1,000, making it an ideal destination for professional services firms like Nexiix Marketing. Established in 2017, Nexiix Marketing is focused on help- ing small businesses achieve their marketing goals through digital advertising, website design, SEO, and branding services. Nexiix Marketing’s team of highly experienced professionals is trusted by clients such as Bloomble, Sotheby’s, PepsiCo, First Alli- ance Home Mortgage, Gilead, and Provident Bank. MAREJ
both primary and second- ary markets and is a sub- s i d i a r y o f Verus Mort- gage Capital. Verus has ag- gregated and issued more
than $15 billion in non-QM and related real estate prod- ucts since 2014. VCREF offers a CRE bridge loan platform for transitional or value-add Ken Wood
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