Scotsman Guide > Commercial > Directories > July 2019

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Done Deals: July 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: Senior Housing
Purpose: Refinance
Loan Amount: $21,400,000
Location: CA, CO, FL
Date Funded: March 2019

Columbia Pacific Advisors funded a $21.4M loan secured by six senior living facilities located in three states. Loan proceeds were utilized to consolidate the properties’ short- and long-term debts, fund various capital expenditures and bridge the facilities until a conventional take-out.
   
SCOTSMAN GUIDE LEAD
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  (610) 990-6050  |  cshorley@clcllc.net
Property Photo   Property: Office/Warehouse
Purpose: Purchase
Loan Amount: $385,000
Location: Starke, FL
Date Funded: May 2019
Broker Fee: $9,625

Borrower was purchasing a vacant 22,000 sq. ft. building for use in a business that was established in Puerto Rico. Building was on a full city block. Borrower closed in a Florida LLC and we permitted a seller 2nd mortgage so the deal would work.
   
FEATURED DEAL
Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo  |  (844) 346-2909  |  info@silverhillfunding.com
Property Photo   Property: Automotive
Purpose: Cash-Out Refinance
Loan Amount: $300,000
Location: Montclair, NJ
Broker Fee: $9,000

Tax return issues made it difficult for this business owner to get their cash-out refinance request approved by banks. Silver Hill Funding, LLC provided an alternative solution that allowed the borrower to submit 12 months of business bank statements in lieu of tax returns. This loan closed in just 27 days.
   
SCOTSMAN GUIDE LEAD
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Fidelity Bancorp Team  |  (714) 908-5100  |  info@fbfloans.com
Property Photo   Property: Apartments
Purpose: Purchase
Loan Amount: $476,000
Location: Apple Valley, CA
Date Funded: April 2019

First time multifamily investor! 6 Unit MFR purchase with a 70% LTV, 10 yr. fixed rate at 4.68%. The borrower owned a few single-family investment properties and was looking to make the next step into multifamily market. We were able to secure a 10 yr. fixed rate with a 3-2-1 pre-pay. Complex clients welcome.


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