PRESS RELEASE
OCTOBER 2006

Fairview Commercial Lending, a privately funded lender, is pleased to announce the closing of a $2.05M Refinance, Vacant Retail Building - Atlanta, GA.

Deal Challenges:
• Vacant single tenant (retail/restaurant) building
• Building vacant for a number of years
• No cash flow from property
• Substantial equity in deal
• Borrower needed cash quickly for on going operations / investments

Fairview Solutions:
• Timing for quick cash okay
• Fairview able to inspect the property, perform an environmental and close the loan within a period of 10 days from beginning to end
• Underwrite on the property not the borrower's credit
• Fairview able to understand the value of the property even though no current debt service
• Able to provide cash for other investments

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

Come see us at the following trade shows:

• Western Regional Mortgage Brokers -
  Las Vegas, November 14

• Rocky Mountain Commercial Real Estate Expo -
 Denver, November 16


• The Mortgage Press California Holiday Party - San Diego, November 30

 

• The Mortgage Press Texas Holiday Party - Dallas, December 14

• The Mortgage Press Georgia Holiday Party - Atlanta, December 18


RECENT LOAN TRANSACTIONS

> $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


> $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