Scotsman Guide > Commercial > Directories > May 2017

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Done Deals: May 2017

 

The following closed deals are advertised in this month issue of Scotsman Guide Commercial Edition.

Past Done Deals are in the archives.  browse archives


FEATURED DEAL
Patch of Land
Los Angeles, CA
Contact: Tameer Orevi  |  888-445-6046  |  tameer@patchofland.com
Property Photo   Property: 3-unit property
Purpose: Fix-n-flip
Loan Amount: $1,066,500
Location: Honolulu, HI
Date Funded: March 2017
Broker Fee: $20,000

Patch of Land provided a 12-month purchase & rehab loan for this 3-unit property near Diamond Head on Oahu, funded at 85% of the $775K purchase price. The borrower owns more than 50 properties and has been flipping houses in Hawaii for 25 years. This loan closed in less than two weeks using a full appraisal.
   
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |  info@clcllc.net
Property Photo   Property: Strip mall
Purpose: Refinance
Loan Amount: $650,000
Location: Waterbury, CT
Date Funded: January 2017
Broker Fee: $13,000

The borrower had an expiring note with an uncooperative lender and needed to close in 30 days or less. There was tenant roll over risk that CLC mitigated and worked with previous history of full occupancy to make the deal work. CLC came to the rescue and closed in 28 days from start to finish.
   
FEATURED DEAL
Silver Hill Funding
Coral Gables, FL
Contact: Michael Boggiano   |  888-988-8843  |  info@silverhillfunding.com
Property Photo   Property: Multifamily
Purpose: Refinance
Loan Amount: $840,000
Location: Temple, TX

Silver Hill (a division of Bayview Loan Servicing LLC) helped a borrower who was turned down by their bank because their property was not stabilized for 24 months. Silver Hill overcame the issue and provided a 5-year hybrid loan through its Lite Doc Program, with no tax returns or 4506T required.
   
FEATURED DEAL
BankFinancial
Burr Ridge, IL
Contact: Mindy Koehnen   |  303-566-9003  |  mkoehnen@bankfinancial.com
Property Photo   Property: 14-units
Purpose: Purchase
Loan Amount: $925,000
Location: Englewood, CO

Quick and efficient closing! Great multifamily property, excellent location.


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