Scotsman Guide > Commercial > Directories > November 2018

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Done Deals: November 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

Columbia Pacific Advisors
Seattle, WA
Contact: Billy Meyer  |  206-734-3979  |
Property Photo   Property: Senior Housing
Purpose: Refinance
Loan Amount: $6,225,000
Location: Oro Valley, AZ
Date Funded: August 2018

Columbia Pacific Advisors funded a loan for a $6.225M refinance of a construction loan and provided a bridge to stabilization. The loan is secured by a 48-unit, 56-bed, stand-alone memory care facility located in Oro Valley, AZ. CPA provided the borrower the ability to refinance their construction loan prior to the property achieving stabilization and qualify for conventional refinance.

Patch of Land
Los Angeles, CA
Contact: Tameer Orev  |  888-445-6046  |
Property Photo   Property: Single-family home
Purpose: Fix and flip
Loan Amount: $595,000
Location: Annapolis, MD
Date Funded: August 2018

Patch of Land provided a 12-month purchase & rehab loan for this single family residential project in Annapolis, Maryland, funded at 80% of the $510K purchase, plus $187K in renovation funds. Borrower has completed multiple projects in the local market, many with Patch of Land as the lender.

Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo  |  844-346-2909  |
Property Photo   Property: Light industrial
Purpose: Refinance
Loan Amount: $1,065,000
Location: Smithton, PA
Broker Fee: $53,250

Silver Hill Funding, LLC helped a business owner who wanted to refinance their light industrial property and pay off their 1st and 2nd mortgages, as well as high-interest business loans. The borrower was able to qualify for a loan based on 12 months of business bank statements instead of tax returns.

Fidelity Bancorp Funding
Orange, CA
Contact: Loan Financing Team  |  877-585-FUND (3863)  |
Property Photo   Property: Multifamily
Purpose: Purchase
Loan Amount: $7,383,000
Location: San Antonio, TX

Fidelity Bancorp Funding helped the borrower secure this purchase on a 124-unit multifamily property in San Antonio, Texas. The solution was a 10-year fixed with 7 years interest only. This borrower came to us to ensure the deal got done properly and on time. Broker friendly.

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