Scotsman Guide > Commercial > Directories > April 2017

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Done Deals: April 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

Patch of Land
Los Angeles, CA
Contact: Tameer Orevi  |  888-445-6046  |
Property Photo   Property: Single-family home
Purpose: Purchase and hold
Loan Amount: $440,000
Location: Denver, CO
Date Funded: January 2017

Patch of Land provided an 18-month purchase loan for this single-family home near University of Denver, funded at 80% of the $550K purchase price. The borrower is an expert in the local market and owns a diverse portfolio of rental properties in the area. This loan closed in 5 business days and used a BPO.
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |
Property Photo   Property: Mixed-use
Purpose: Refinance
Loan Amount: $4,100,000
Location: New York, NY
Date Funded: November 2016
Broker Fee: $51,250

CLC provided a non-recourse CMBS loan for a 7-story, mixed-use property near Little Italy consisting of 1st fl. retail, 2nd/3rd fl. offices, 4th fl. apt & a 5th fl. 3-story penthouse apt. CLC mitigated concern of tenant rollover risk & increased TI/LC reserves to fund a loan that was passed on by 3 banks.
Silver Hill Funding
Coral Gables, FL
Contact: Michael Boggiano   |  888-988-8843  |
Property Photo   Property: Multifamily
Purpose: Cash-out refinance
Loan Amount: $536,250
Location: Garland, TX

Silver Hill (a division of Bayview Loan Servicing LLC) helped a borrower who was looking to take cash out of their multifamily property to facilitate another real estate investment. Silver Hill funded the small-balance commercial deal through its Lite Doc Program, with no tax returns or 4506T required.
Burr Ridge, IL
Contact: Jovy Mathew   |  847-279-9311  |
Property Photo   Property: 95-unit mixed-use
Purpose: Refinance
Loan Amount: $5,300,000
Location: Evanston, IL

No hassle. Quick closing! Mixed-use apartments and office building in downtown Evanston.

Continued  >>


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