Scotsman Guide > Commercial > Directories > November 2019

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Done Deals: November 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
Stronghill Capital
Austin, TX
Contact: National Sales  |  (855) 490-6671  |  scotsman@stronghill.com
Property Photo   Property: 15-Unit Multifamily
Purpose: Purchase
Loan Amount: $377,600
Location: Toledo, OH
Date Funded: September 2019

Stronghill Capital was contacted to obtain financing to acquire a fully-leased, 15-unit multifamily apartment building in Toledo, OH. Stronghill was able to provide a better interest rate and term than other financiers for the borrower.
   
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  (610) 990-6050  |  cshorley@clcllc.net
Property Photo   Property: Retail/Office/Restaurant
Purpose: Refinance
Loan Amount: $585,000
Location: Azusa, CA
Date Funded: September 2019
Broker Fee: $11,700

Borrower had tax liens that needed to be paid at closing. Appraisal came in short on value so we gave an LTV exception. Borrower credit dropped before closing so we gave a credit score exception. Property needed a debt service exception and we granted it to close the deal in time.
   
FEATURED DEAL
Silver Hill Funding LLC
Coral Gables, FL
Contact: Juan Barcelo  |  (844) 346-2909  |  info@silverhillfunding.com
Property Photo   Property: Mobile Home Park
Purpose: Cash-Out Refinance
Loan Amount: $750,000
Location: Baltimore, MD
Broker Fee: $22,000

Silver Hill Funding, LLC helped a borrower in Maryland who needed funds for property improvements on their mobile home park as well as a number of other business matters. Thanks to Silver Hill, they were able to secure competitive pricing on a 30-year fixed rate loan that included the cash-out they required.
   
SCOTSMAN GUIDE LEAD
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Ben Hernandez |  (877) 585-3863  |  bhernandez@fbfloans.com
Property Photo   Property: 8 Unit Multifamily
Purpose: Purchase
Loan Amount: $1,162,500
Location: Long Beach, CA
Date Funded: June 2019

18 mo. interest only! Broker friendly. Fidelity Bancorp Funding closed this 8 unit multifamily property with no hold back. With current rents, cash flow only qualified for 52% LTV. Therefore, we were able to use projected rents to reach 75% LTV which our investor needed. We close loans. Quick quotes available.


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