Deal Challenges:
• Properties operating in a receivership – loan securing all properties in default
• Multiple properties in tertiary Market
• Delinquent property taxes and other liens that had to be resolved immediately
• Needed a quick closing to take advantage of lender short-pay opportunity
Fairview Solutions:
• Properties operating in receivership – okay
• Delinquent property taxes and other liens - okay
• Time frame for closing to achieve discounted payoff – okay
• Able to understand tertiary market
• Cross collateralized all properties to include mobile homes owned by the borrower
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.
Visit us online at www.fairviewlending.com
Contact us at (404) 634-1270 or (866) 634-1270
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> $$2.05M Refinance, Vacant Retail Building - Atlanta, GA
• Vacant single tenant (retail/restaurant) building
• Building vacant for a number of years
• No cash flow from property
• Substantial equity in deal
> $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
> $1.3M 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
> $550k Refinance, Owner Occupied Warehouse - Central Michigan
. Single tenant owner occupied building
. Tertiary market
. Borrower's business not operating to potential
. Numerous liens, judgments, and unpaid taxes that had to be resolved
immediately
> $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
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