Re:A Yale Graduate Leaves a Trail of Ventures and Debts
by chatmasta on Friday April 17, 2015 @12:04PM
(#9395182)
Yeah, apologies to all for that. I mixed up a lot of names. Should have been more careful. I corrected myself in the only comment I could edit.
Mixed up the names of Josh, Jason, and Adler. My mistake. I would edit if I could.
Regardless I was interested in the discussion of bridge loans.
Joshua Adler is not head of the fund nor has he ever been, Jason Hogg is. Joshua Adler is co-founder of LaKritz Adler, a real estate investment firm based in and focused on the Washington, DC area.
The minimum amount you can borrow from B2R is $5M (previously, it was $10M) -- so this isn't something your average homeowner is going to take out on their home.
And the article only has one reference to a 'bridge loan', and that's a $350K loan from a Brooklyn artist to Cyan.
B2R's end game is to acquire rental properties, with B2R being an abbreviation for "Buy to Rent".