Scotsman Guide > Commercial > Directories > February 2019

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Done Deals: February 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.
   
FEATURED DEAL
Commercial Loan Center LLC
Blue Bell, PA
Contact: Carl Shorley  |  610-990-6050  |  info@clcllc.net
Property Photo   Property: Mobile home park
Purpose: Refinance
Loan Amount: $1,700,000
Location: Iowa
Date Funded: November 2018
Broker Fee: $17,000

$1,200,000 cash out. Borrower had difficulty financing due to property being a co-op. We liked the property due to a high debt service ratio and found a solution to the vesting issues so we could close. Property also had some environmental concerns. We obtained a one-off environmental insurance policy to close.
   
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: $1,715,000
Location: Liberty Hill, TX
Broker Fee: $60,000

Silver Hill Funding, LLC helped a business owner who wanted to take cash out of their existing mortgage to pay off cash advances and improve their property. Thanks to Silver Hill’s Bank Statement Program, they got approved through 12 consecutive months of business bank statements instead of tax returns.
   
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Loan Origination Team  |  877-585-FUND (3863)  |  info@fbfloans.com
Property Photo   Property: Commercial
Purpose: Refinance
Loan Amount: $2,600,000
Location: Whitehorn, CA

Cash out refinance on this stunning hotel located on the coast in CA. With low LTV and current issues with the SBA subordinating to 2nd lien position, Fidelity Bancorp Funding was able to close the loan. Contact us today! (877) 585-FUND


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