Scotsman Guide > Commercial > Directories > January 2017

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Done Deals: January 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

Columbia Pacific Advisors
Seattle, WA
Contact: Billy Meyer  |  206-734-3979  |
Property Photo   Property: Office/medical office/industrial
Purpose: Acquisition
Loan Amount: $15,000,000
Location: FL, GA, NC, SC, TN
Date Funded: October 2016

Columbia Pacific Advisors funded the $15M acquisition bridge to stabilization loan in October of 2016. The 8 property portfolio acquisition loan was a bridge through new tenant improvements and stabilization. The assets are located throughout the Southeast in 5 different states.
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |
Property Photo   Property: Retail/office
Purpose: Purchase
Loan Amount: $618,000
Location: Dallas, TX
Broker Fee: $19,435

The borrower was purchasing a building & business that couldn’t provide historical sales data or income statements. CLC financed the building purchase based on projected business income and strength of the borrower. This loan helped the borrower buy the property when no local/regional bank would consider it.
Silver Hill Funding
Coral Gables, FL
Contact: Michael Boggiano   |  888-988-8843  |
Property Photo   Property: Multifamily
Purpose: Refinance
Loan Amount: $450,000
Location: Charlotte, NC

Silver Hill (a division of Bayview Loan Servicing LLC) helped a borrower whose deal fell through with another lender after they reconditioned the borrowers file at closing. Silver Hill required less documentation and worked with the existing appraisal and title policy. The loan closed in 26 days.
RCN Capital
South Windsor, CT
Contact: Eileen Mazza   |  860-432-5858  |
Property Photo   Property: Single family home
Purpose: Purchase & rehab
Loan Amount: $174,300
Location: Rockville, MD
Date Funded: October 2016

RCN Capital closed this acquisition and rehab loan for $174K. The borrowers plan to spend about $39K in renovations to this single-family home in Rockville, MD prior to listing the home for sale. The borrowers anticipate a solid return on investment once this home sells.

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