Press Release: $550,000 Refinance

Fairview Commercial Lending, a privately funded lender, is pleased to announce the closing of a $550,000 "asset-based" loan on a 52-unit apartment community in Atlanta, GA.

Deal Challenges
•  Property in foreclosure / scheduled for Court House sale in 2 weeks
•  Borrower an LLC
•  Credit-impaired LLC members with a lot of infighting
•  Property with negative cash flow // many vacant units
•  Property needed minor exterior work and re-carpet

Fairview Solutions
•  Foreclosure not a problem
•  LLC owner not a problem
•  Poor credit not a problem
•  3 year loan / interest only / non-recourse
•  No appraisal / No engineering report / Limited environmental report
•  Loan funded prior to foreclosure
•  Borrower walked away from the closing table with money to take care of needed exterior maintenance and re-carpet

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.