Fairview Commercial Lending, a privately funded lender, is pleased to announce the closing of a $450K cash-out refinance, Mixed use O/O building,
Taos, NM.
Deal Challenges:
• Borrower needed cash quick to stabilize business
• Multiple tax liens and other creditors that needed to be satisfied
• Borrowers credit impacted by business downturn
• Mixed use building; fully O/O
• Debt service coverage ratio less than one due to business issues
Fairview Solutions:
• Fairview understood the urgency of the deal and was able to move quickly
• Timing to pay off tax liens and other creditors - 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 for more info and to see other recent transactions at: www.fairviewlending.com
Contact us at (866) 634-1270
E-mail: info@fairviewlending.com
Come see us at the following trade shows in 2007:
September
• Wisconsin Mortgage Broker Association - September 11
• Texas Association of Mortgage Brokers - September 13
• Colorado Mortgage Brokers Association - September TBD
October
• Indiana Association of Mortgage Brokers - October 19
November
• NAMB West - November 6
December
• GA Mortgage Press Holiday Event
• Texas Mortgage Press Holiday Event
