;)
$1,200,000 Investor Finance
Posted by Commercial Loans in Commercial Real Estate, Recent Closings
The note was coming due in 30 days and the current note holder was only offering a monthly adjustable rate option. The local bank had also turned this one down. In addition the borrower’s biggest tenant, who occupied 40% of the property, had a lease that was set to expire soon. The owner did not want to approach them early to re-negotiate the lease and give the tenant the upper hand in the negotiations. We were able to structure the loan and get it approved and funded in 34 days from start to finish!
Needless to say the owner is thrilled with us.
