Scotsman Guide > Commercial > Directories > April 2018

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Done Deals: April 2018

 

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
Columbia Pacific Advisors
Seattle, WA
Contact: Billy Meyer  |  206-734-3979  |  billym@columbiapacific.com
Property Photo   Property: Office and land
Purpose: Refinance and acquisition
Loan Amount: $35,900,000
Location: Hollywood, CA
Date Funded: December 2017

Columbia Pacific Advisors has provided a Los Angeles-based development firm with two short-term cross-collateralized bridge loans totaling $35.9M for the completion of two significant commercial real estate projects that span an entire city block in Hollywood, CA. A portion of the loan proceeds will be used to help fund pre-development costs. Construction is slated to begin in summer 2018.

FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |  info@clcllc.net
Property Photo   Property: Retail
Purpose: Refinance
Loan Amount: $535,000
Location: Hyattsville, MD
Date Funded: December 2017
Broker Fee: $8,025

The borrower approached Commercial Loan Center, LLC the 2nd week of December. The borrower needed to close before year end maturity default occurred. CLC issued a Commitment to Lend on December 13th and closed and funded on December 29th saving the borrower from maturity default.

FEATURED DEAL
Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo   |  844-346-2909  |  info@silverhillfunding.com
Property Photo   Property: Office
Purpose: Cash-out refinance
Loan Amount: $1,416,000
Location: Falls Church, VA
Broker Fee: $42,480

A borrower in Virginia was looking to take a significant amount of cash out of their office property to invest in their core business. Thanks to Silver Hill Funding’s Bank Statement Program, they were able to provide 12 consecutive months of bank statements in lieu of tax returns and secure financing.

FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Loan Financing Team   |  877-585-FUND(3863)  |  info@fbfloans.com
Property Photo   Property: Commercial
Purpose: Purchase
Loan Amount: $476,000
Location: Whittier, CA

Our borrower was the current tenant and owner of a private school business. She was looking to purchase the real estate in which her business operated and we were able to execute for her with an SBA loan.


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