Funded 2/2012

Type: Declining property values and a slower lease up time then expected put this borrower in a financial bind.  He owed $1.6 Million and the property only appraised for $1 million.  Unable to make the payments, the bank offered him a deep discount but no one was willing to finance a guy who had not made a payment in almost a year.  But we stepped in with our own private financing and got him $600,000!  The bank accepted it and the transaction closed in less than 30 days.  In total, this borrower saved $1.1 million in principal and more importantly, this loan saved the property.  If you are in a bind, give us a call at 310 456-1056 – we just may be able to help!

Type:  YES, we lend in Michigan!  This was a student housing apartment complex that needed to refinance because of a note coming due.  We got them a FNMA loan with an incredible 10 year fixed rate and a 30 year amortization.  We don’t just do the tough loans, we can get the strong deals done at the lowest rates as well!  When you have all the funding sources of the entire country available to you-whether it is agency, life companies, credit unions or more, you can often get the very best rates and terms for your clients!  Call David today at 310 456-1056!

Type:  This was an exterior corridor Red Roof Inn hotel which is increasingly tough to get financed but we CAN get these deals done.   We closed this loan with $200K in renovation money rolled into the loan on an SBA 7A loan!  If you are buying or refinancing a hotel-we can get it done!