CCC, Contrarian to offer $200M in bridge loans

FORT LAUDERDALE - Cypress Creek Capital Inc.(CCC) and Connecticut-based Contrarian Capital Management will co-sponsor bridge loan financing to owners and acquirers of land and commercial, income-producing real estate in Florida. The companies have committed $200 million to be invested over the next 24 months.

“Today, traditional mortgage lenders are backing away from making loans due to the current real estate climate,” said Mitch Sinberg, vice president of real estate investments for CCC. “Our bridge loan program presents opportunities for new acquisitions and refinancing of existing properties in the Florida real estate market.”

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source: frej.net