Keeping a Time-Sensitive Investment Moving With the Right Financing Structure
How Myers Capital Helped a Santa Fe Investor Move Forward
We helped a Santa Fe investor move forward with a $1.16 million first-lien purchase-and-rehab bridge loan after a large institutional lender declined the loan at the 11th hour.
When Financing Falls Through, We Help Keep the Deal Moving
The Financing Challenge
Real estate transactions don’t always go according to plan. A real estate investor was under contract to purchase a single-family property in Santa Fe, New Mexico, when the financing unexpectedly fell through.
A large institutional lender declined the loan at the 11th hour, putting the acquisition—and the planned renovation—at risk. The borrower needed a dependable financing solution for the investment property and the work required to complete the project.
The transaction required a financing structure that could support the property’s current value while providing capital for construction completion and a nine-month interest reserve. Myers Capital evaluated the opportunity and structured a first-lien bridge loan.
For mortgage brokers and referral partners, this case illustrates the value of having an experienced private-lending resource available when a transaction requires a more flexible financing approach.
The Financing Solution
Speed was critical. With the original lender no longer able to fund the transaction, Myers Capital moved quickly to structure and close the replacement financing.
Myers Capital provided a $1,161,750 first-lien cash-out purchase-and-rehab bridge loan secured by the Santa Fe property. The loan was structured to support the project’s financing needs, including construction completion and a nine-month interest reserve.
The financing included an initial loan amount of $468,750 and a $693,000 construction holdback, resulting in a total loan amount of $1,161,750.
The loan closed in just 14 days
This helped the borrower maintain momentum on a time-sensitive project. This timeframe reflects this specific transaction and is not a guarantee of future closing timing.
| Property Location: | Santa Fe, New Mexico |
| Property Type: | Single Family Residence |
| Loan Type: | First-lien purchase and rehab bridge loan |
| Loan Purpose: | Complete the rehab, refinance the loan, and keep property as a short-term rental. |
| Initial Loan Amount: | $468,750 |
| Construction Holdback: | $693,000 |
| Total Loan Amount: | $1,161,750 |
| As-Is Property Value: | $625,000 |
| After Repair Value (ARV): | $1,900,000 |
| Loan to Value (LTV): | 75% |
| Loan to After Repair Value (ARV): | 61% |
| Payment Type: | Interest only |
| Rate Type: | Fixed |
| Loan Term: | 12 months |
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Why the Structure Mattered
The financing was designed around the project’s actual capital needs rather than the acquisition alone. By combining construction-completion funds and an interest reserve within one bridge-loan structure, the transaction gave the borrower a coordinated path for moving the project forward.
The $693,000 construction holdback provided funding for the remaining work, while the $1.9 million after-repair value supported a 61% loan-to-ARV position based on the total loan amount.
For a mortgage broker, the lesson is practical: when a borrower has a viable project but the timing, property condition, construction needs, or existing financing create complications, a private-lending review may provide another financing path to evaluate.
For Mortgage Brokers and Referral Partners
Your clients may bring you transactions that require more than a standard purchase loan. They may be acquiring a property that needs substantial work, completing construction after an earlier financing arrangement changed, or managing a time-sensitive project with a significant renovation budget.
Myers Capital can review qualified scenarios and help determine whether a private bridge-loan structure may fit the property, project, and borrower profile.
Have a scenario that needs a fresh review?
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For Real Estate Investors
A renovation project is shaped by more than the purchase price. The financing structure may need to account for construction completion, existing debt, interest carry, timing, and the property’s projected value after repairs.
If you are evaluating a purchase-and-rehab or bridge-loan opportunity, contact Myers Capital to discuss the project and its financing requirements.
DISCUSS YOUR PROJECT
Contact Myers Capital Hawaii today to discuss how our bridge loan programs can support your real estate investment strategy.
(Disclaimer)
This case study is provided for informational purposes only. Financing is subject to underwriting, eligibility, property review, applicable lending requirements, and program guidelines. Rates, terms, loan programs, availability, and closing timeframes are subject to change without notice. Additional terms, conditions, requirements, and restrictions may apply. This content does not constitute a commitment to lend or an offer or commitment to extend credit. Company NMLS #1662480.
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