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Press Release:
$1.2M Purchase
Fairview Commercial Lending, a privately funded "No-Doc" lender,
is pleased to announce the closing of a $1.2M purchase on a 40,000 sq
ft light industrial/warehouse in Bladensburg, MD.
Deal Challenges
• Deal had to close within two weeks due
to the contract expiration
• Property not currently cash flowing
• Borrower unable to document income or assets
• Borrower credit impaired
• Borrower needed a non-recourse loan
• Deal had already failed with two other lenders
Fairview Solutions
• Loan Closing in 2-3 weeks
• True No-Doc Lender
• Non cash-flow producing property okay
• Poor credit/lack of income not a problem
• 3 year loan / interest only / non-recourse
• No appraisal / No engineering report / Limited environmental report
• Loan funded prior to the expiration of contrac
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. |
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