SMIF Provides Bridge Financing for Grand Cayman Project

Five days from intro to funding, in December, the Cayman-registered real estate debt fund Sterling Mortgage Income Fund (SMIF), managed by Sterling Global Financial, provided USD $4.275 million in bridge financing for the construction of a mixed-use project in Grand Cayman. Not only was the commitment letter for the commercial real estate loan issued within 24 hours of initial discussions and project review, the project was funded within five business days.