Scotsman Guide > Commercial > Directories > February 2017

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Done Deals: February 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
Columbia Pacific Advisors
Seattle, WA
Contact: Billy Meyer  |  206-734-3979  |  billym@columbiapacific.com
Property Photo   Property: Multifamily
Purpose: Acquisition
Loan Amount: $5,200,000
Location: Georgia
Date Funded: December 2016

Columbia Pacific Advisors funded a $5.2M acquisition loan for a value-add reposition apartment deal in the Atlanta area. The loan proceeds reached approximately 85% LTC and sub 60% proforma LTV on two multifamily assets totaling 194 units.
   
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |  info@clcllc.net
Property Photo   Property: Retail
Purpose: Purchase
Loan Amount: $285,330
Date Funded: November 2016
Broker Fee: $6,760
Location: Melbourne, FL

The borrower was purchasing an office condo for their nail and spa business and had extensive build-outs to improve property. Most lenders would only lend on the office real estate. CLC lent on purchase price plus build-out and structured loan to maximize proceeds to the borrower. This increased loan by over $30,000.
   
FEATURED DEAL
Silver Hill Funding
Coral Gables, FL
Contact: Michael Boggiano   |  888-988-8843  |  info@silverhillfunding.com
Property Photo   Property: Mixed-use
Purpose: Refinance
Loan Amount: $400,000
Location: Passaic, NJ

Silver Hill (a division of Bayview Loan Servicing LLC) helped a borrower who had struggled to refi with banks when the comm. unit of his property became vacant. Silver Hill provided a fully amortized loan with 100% cash-out. The loan was funded through the Lite Doc Program — no tax returns or 4506T required.
   
FEATURED DEAL
BankFinancial
Burr Ridge, IL
Contact: David Zalich   |  813-280-3568  |  dzalich@bankfinancial.com
Property Photo   Property: 100-unit complex
Purpose: Split note
Loan Amount: $3,025,000
Location: Spartanburg, SC

Contract to closing in just 23 days! Loan type is split note: senior lien purchase loan ($2.85M) and a junior lien line of credit ($175K).


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