Scotsman Guide > Commercial > Directories > May 2018

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Done Deals: May 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
Purpose: Cash-out
Loan Amount: $6,500,000
Location: New York, NY
Date Funded: March 2018

Columbia Pacific Advisors provided a mezzanine loan for $6.5M cash-out and bridge to refinance. The loan is secured by a 5-story, 15,754 sq. ft. office building located in Midtown New York, NY. CPA provided the borrower with the necessary funds to pursue other business opportunities.
   
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |  info@clcllc.net
Property Photo   Property: SFR - commercial
Purpose: Cash-out refinance
Loan Amount: $415,500
Location: Washington, DC
Date Funded: February 2018
Broker Fee: $12,465

The property had been vacant for over a year and a half as well as being on the market as recent as 15 days prior to submission. Property was owned free and clear. The borrower still received 75% LTV cash-out and we closed the loan in 21 days.
   
FEATURED DEAL
Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo  |  844-346-2909  |  info@silverhillfunding.com
Property Photo   Property: Mixed-use
Purpose: Cash-out refinance
Loan Amount: $1,050,000
Location: Springfield, MA
Broker Fee: $31,500

Silver Hill Funding helped an investor in Massachusetts who was looking to take cash out of their commercial property mortgage. Local banks and credit unions were not interested in helping them refinance, but Silver Hill funded the loan through the Lite Doc Investor Program, with no tax returns required.
   
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Loan Financing Team  |  877-585-FUND (3863)  |  info@fbfloans.com
Property Photo   Property: Multifamily
Purpose: Purchase
Loan Amount: $1,771,300
Location: Watsonville, CA

Fidelity Bancorp Funding funded first time apartment investors looking to acquire a newly constructed 10-unit apartment in Watsonville, CA. We were able to overcome the asset being in a small market and the borrowers being a first-time investor with lack of experience. Complex clients welcome.


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