Scotsman Guide > Commercial > Directories > May 2019

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Done Deals: May 2019

 

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: Acquisition and refinance
Loan Amount: $5,100,000
Location: Atlanta, GA
Date Funded: September 2018

Columbia Pacific Advisors funded a loan for a $5.1M acquisition and refinance secured by two office and medical office properties located in Atlanta, GA. Loan proceeds were utilized to acquire and provide tenant and capital improvements for the medical offices as well as refinance the office property.
   
SCOTSMAN GUIDE LEAD
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  (610) 990-6050  |  cshorley@clcllc.net
Property Photo   Property: Retail Multi Unit
Purpose: Refinance
Loan Amount: $275,000
Location: Elizabeth City, NC
Date Funded: February 2019
Broker Fee: $8,250

Had issues with family trust that we needed to overcome. Borrower had a matured 2nd mortgage and the lender was calling his note. Needed to refinance ASAP to avoid any issues. Property was in a rural area (population 3,500) so most other lenders passed on this deal.
   
FEATURED DEAL
Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo  |  (844) 346-2909  |  info@silverhillfunding.com
Property Photo   Property: Multifamily
Purpose: Purchase
Loan Amount: $456,000
Location: McAllen, TX
Broker Fee: $11,400

A group of investors wanted to purchase a recently stabilized multifamily property that had undergone a full remodel. Silver Hill Funding, LLC was able to approve the loan despite the stabilization issues and provide a 5-year loan that allowed the investors to make the purchase with just a 20% down payment.
   
SCOTSMAN GUIDE LEAD
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Loan Origination Team  |  (714) 908-5100  |  info@fbfloans.com
Property Photo   Property: 6-Unit Multifamily
Purpose: Refinance
Loan Amount: $1,500,000
Location: Downey, CA

Bridge loans: borrower seeking alternate financing for a rehab project on 6-unit multifamily property. Bridge loan was used to obtain cash out for complete rehab project. We have the resources to get deals done. Residential (2-4) | Multifamily 5+ | Commercial | Owner- User & SBA | Bridge Loans. fbfloans.com.


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