Scotsman Guide > Commercial > Directories > September 2019

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Done Deals: September 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

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Lima One Capital
Greenville, SC
Contact: Justin Thompson  |  (864) 546-4356  |
Property Photo   Property: Multifamily
Purpose: Purchase
Loan Amount: $6,400,000
Location: Houston, TX
Date Funded: July 2019

The client came to Lima One Capital searching for a quick closing. Through our streamlined underwriting process, the file was moved quickly and funded within 30 days.

Lone Oak Fund LLC
Los Angeles, CA
Contact: Alexa Mizrahi  |  (310) 826-2888 ext. 16  |
Property Photo   Property: Multifamily
Purpose: Refinance
Loan Amount: $9,000,000
Location: Los Angeles, CA
Date Funded: July 2019

Refinance of construction loan for a newly built 32-unit apartment building in Hollywood. 12 month loan priced at 6.90% interest only and 1.0 point origination fee. Exit strategy is bank loan after completion and lease-up. No prepayment penalty, nonrecourse.

LYNK Capital
Raleigh, NC
Contact: Jarrod Ellis  |  (321) 209-6871  |
Property Photo   Property: Residential Multi-Unit
Purpose: Construction
Loan Amount: $786,483
Location: Charlotte, NC
Date Funded: June 2019

LYNK Capital, a private lender in residential renovation, construction and rental loans, funded this new construction project for two townhomestyle condos. The units will be built for $683,104. At completion, the property is expected to be worth $1,050,000. The borrower came to LYNK for an experienced team.

Money360 Inc.
Ladera Ranch, CA
Contact: Gary Bechtel  |  (888) 908-7027  |
Property Photo   Property: Mixed-Use
Purpose: Refinance
Loan Amount: $13,000,000
Location: Los Angeles, CA
Date Funded: July 2019

The borrower was facing a maturity default and needed a rate/term refinance on this 16,239 square foot mixed-use building in Los Angeles, CA. Money360’s track record of closing loans with the broker gave the borrower the peace of mind we would refinance their loan as promised.

PB Financial Group Corp.
Los Angeles, CA
Contact: Pouyan Broukhim  | (323) 935-5555  |
Property Photo   Property: SFR
Purpose: Purchase
Loan Amount: $251,650
Location: Los Angeles, CA
Date Funded: June 2019
Broker Fee: $5,000

Borrower needed 75% of the purchase price and to close in 7 days from the day he approached us. We did an 11-month loan fixed IO and the property was vesting in an LLC. The guarantor had a FICO score of 540

Prescient Capital Management LLC
Delafield, WI
Contact: Jared Ward  |  (262) 244-6050  |
Property Photo   Property: Two Retail Properties
Purpose: Purchase
Loan Amount: $5,500,000
Location: Chicago and Park Forest, IL
Date Funded: June 2019

The loan request was for $5,500,000, which Prescient Capital secured with 1st liens on the borrower’s interest in two large multitenant retail buildings located in Chicago and Park Forest, IL. To further secure the loan, the borrowers signed a personal guarantee and pledged additional real estate.

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