Deal Challenges:
• Tenant occupied majority of property and remainder of tenants non-credit on short term leases
• Borrower’s in foreclosure with a sale date in 12 days
• Owner’s business historically not cash flow positive
• Numerous tax liens on the property
• Borrower in need of quick cash to stop the foreclosure sale
• Borrower had properties in two states that needed to be cross-collateralized
• Borrower spent substantial amounts of money with other lenders that committed and never closed
Fairview Solutions:
• Cross-collateralization and timing for quick cash okay
• Fairview able to inspect two properties, perform a phase one environmental, and close within 9 days
• Underwrite on the property not the borrower’s credit
• Fairview able to understand the value of the property even though it was not fully utilized
• Able to provide cash to pay off tax liens and allow the borrowers to focus on turning their retail business around
• Refinance for any reason up to maximum loan to value
• Able to commit on the loan within 24 hours and close prior to the foreclosure sale
• When the deal is difficult and time is of the essence Fairview funds
Client Testimonial:
““It was a pleasure working with Fairview Commercial Lending on a recent transaction. This was an extremely complex deal that included cross collateralization of properties in 2 different states, SBA subordination, tax liens, and the borrower facing a foreclosure sale. Fairview was able to get control of the deal and close within 9 days, while other lenders couldn’t close in 6 months. It was refreshing to work with a company that provided honest answers and followed through on their promises.”
Joseph Tripi – TMA Member
Do you see loans that do not seem to “fit the box” of traditional lenders?
We can help. Fairview specializes in asset/equity-based lending on commercial real estate. We can lend to both credit impaired borrowers and on properties that are not currently cash flow producing. We also can lend on properties that are in or nearing foreclosure or are currently listed for sale. Our experience allows us to quickly understand the value of a property and fund shortly thereafter. At Fairview there is never a fee prior to commitment.
• California Association of Mortgage Brokers
San Jose, August 5
• Georgia Equity Lenders Conference
Atlanta, August 10
• Colorado Association of Mortgage Brokers
Denver, September 8
• Minnesota Association of Mortgage Brokers
Minneapolis, September 21-22
• Texas Association of Mortgage Brokers
Austin, September 23
• Missouri Association of Mortgage Brokers
St. Louis, September 28
• Western Regional Mortgage Brokers
Las Vegas, November 14
• Rocky Mountain Commercial Real Estate Expo
Denver, November 16
• The Mortgage Press Texas Holiday Party
Location TBD, December 14
• The Mortgage Press Georgia Holiday Party
Atlanta, December 18
E-mail us: info@fairviewlending.com
Visit us: www.FairviewLending.com
