Velocity Ventures

Parameters

$17.2MM Term Loan; 1st on Real Estate

Situation

Velocity Ventures had purchased a neighboring property from one of Tiger’s borrowers in the last two years. Assets were being auctioned off through a 363 process, including a piece of property Velocity Ventures was interested in acquiring. Velocity needed to find financing quick in order to purchase the real estate and equipment.

Tiger’s Role

Tiger Finance worked with the Borrower to complete diligence and documentation in two weeks to meet the bankruptcy court mandated milestones.

Resolution

Velocity Ventures was the successful buyer of the parcel during auction at an attractive price.