Scotsman Guide > Commercial > Directories > July 2018

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Done Deals: July 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


FEATURED DEAL
Columbia Pacific Advisors
Seattle, WA
Contact: Billy Meyer  |  206-734-3979  |  billym@columbiapacific.com
Property Photo   Property: Multifamily
Purpose: Acquisition/value-add
Loan Amount: $25,500,000
Location: Cincinnati, OH
Date Funded: May 2018

Columbia Pacific Advisors provided an acquisition loan for $25.5M on a value-add and reposition bridge to refinance. The loan is secured by 18 multifamily properties located throughout Cincinnati, OH. CPA provided the borrower with the necessary funds to acquire the portfolio and complete the capital improvements.
   
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: Purchase
Loan Amount: $2,000,000
Location: South Carolina
Date Funded: April 2018
Broker Fee: $30,000

The borrower needed a low doc program that permitted park owned homes. Most lenders don’t like park owned homes, but CLC closed the loan without giving any value to home income. Without using any trailer rental income, CLC was able to underwrite just the pads to achieve 80% LTV.
   
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: $371,000
Location: Brookshire, TX
Broker Fee: $9,843

Silver Hill Funding, LLC helped an investor who was looking to purchase a property in Texas. Documentation and occupancy issues made the deal a great fit for Silver Hill’s Lite Doc Investor Program. Thanks to this solution, the borrower was able to secure financing without having to provide tax returns.
   
FEATURED DEAL
Fidelity Bancorp Funding
Orange, CA
Contact: Loan Financing Team  |  877-585-FUND (3863)  |  info@fbfloans.com
Property Photo   Property: Multifamily
Purpose: Refinance
Loan Amount: $1,725,000
Location: Durant, OK

FBF successfully placed $1.725M in financing for a multifamily portfolio in the Midwest. While the deal required a slight holdback for deferred maintenance, FBF leveraged its strong lender relationships and emphasized the experience of the borrowers to overcome the issue.


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