building, Northern Michigan
Deal Challenges:
• Multiple IRS and state tax liens
• Borrowers credit impacted by business downturn
• Light Industrial building; 100% O/O .
• Quick closing required due to IRS liens/judgements/penalties
Fairview Solutions:
• Fairview understood the urgency of the deal & was able to move quickly
• Timing to pay off tax liens - okay
• Cash Flow and Credit issues - okay
• Property type and owner occupancy - okay
Our experience allows us to quickly understand the value of a property and fund shortly thereafter.
Contact us today to learn how our innovative product can help you both
transition into commercial lending and expand your existing commercial
product offerings. The secret to non-traditional commercial lending is just
a phone call or e-mail away
Visit us online at: www.fairviewlending.com
E-mail: info@fairviewlending.com
Contact us at (866) 634-1270
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> $700K cash-out refinance, Light Industrial O/O building, Clearwater, FL
• Property scheduled for tax sale within 10 days
• Borrowers credit impacted by business downturn
• Fairview understood the urgency of the deal and was able to move quickly (The deal closed 9 days from inspection)
> $825K Refinance, Industrial - San Francisco, CA & Dallas, TX
• Single tenant owner occupied properties
• Borrower's mid score below 550
• Owner's business not cash flow positive
• Numerous tax liens on the property
> $1.1M Refinance, Strip Mall - Upstate, NY
• 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
> $1.5M "asset-based" loan on a multi-tenant office building - Washington D.C. area
• Property only 40% occupied and not currently cash flowing
• Poor configuration of the property limits usable space
• Principle in litigation and also going through a divorce
> $1.3M Apartment Complex - Norfolk, VA
• Borrower in need of quick cash to secure another property
• Apartments in need of minor repair
• Property not operating to potential due to vacancies
• Limited financial information available on the property
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