NEW YORK, Jan. 20, 2021 /PRNewswire-PRWeb/ -- VIS Capital Venture, LLC ("VIS") announced today that it has recently closed a 100% financing, lease option purchase commercial real estate transaction in the Bronx, New York. This $16,700,000.00 transaction, closed through syndication at the height of the Covid-19 pandemic, demonstrates VIS's ability to secure creative financing solutions for its clients.
VIS Capital Venture Founder and Principal Gerald G. Smith stated, "Our purpose is more than simply closing deals – our goal is to help our clients fulfill their dreams and to focus on transactions that help stimulate the economy, particularly in these trying times. At the height of the Covid-19 pandemic, we were able to put together a creative financing solution that allowed our client to purchase this property with 100% financing. With the demand for commercial space in the Bronx on the rise, the sponsor intends to develop this site to meet that need."
This 504,000 buildable square foot Bronx property is in close proximity to Yankee Stadium. When the sponsor approached VIS, they were on the verge of losing their option to purchase the property. VIS Capital Venture structured a bridge financing solution and closed the transaction in three weeks. "Our innovative financing platform allows us to respond rapidly and effectively to our client's needs." said Mr. Smith, and "We are actively lending and intend to continue our efforts to ensure that the necessary capital is available as we work to reinvigorate the economy and provide financing solutions for our clients."
About VIS Capital Venture
VIS Capital Venture, LLC is a boutique private equity firm and a direct private lender. Whether investing directly through its family office, providing debt from the real estate division's warehouse line or leveraging relationships with funds, investors, lenders and family offices, VIS provides an unrivaled variety of financing solutions for its clients. Rather than take a "one size fits all" approach, VIS tailors each transaction to the individual client's specific needs.
To learn more, visit https://viscapitalventure.com
Alvin Joseph, VIS Capital Venture, LLC, +1 (914) 236-4476, [email protected]
SOURCE VIS Capital Venture, LLC