Press Release: $3.2M Refinance

Fairview Commercial Lending, a privately funded lender, is pleased to announce the closing of a $3.2m "asset-based" loan on an apartment and retail center in Clearwater, FL.

Deal Challenges
•  Property in foreclosure / Bank offered to sell notes to whomever could get the cash first
•  Property cross-collateralized with two other properties that had to be untangled
•  To minimize tax issues, we had to negotiate the purchase of the notes from the lienholder
•  Extremely complex legal structure
•  Borrower an LLC; needed non-recourse

Fairview Solutions
•  Foreclosure not a problem
•  LLC owner/non-recourse loan not a problem
•  3 year loan / interest only / non-recourse
•  No appraisal / No engineering report / Limited environmental report
•  Our legal counsel worked tirelessly to pull the everything together and negotiate the note sales
•  Loan funded prior to the notes being sold to another party
•  When time is of the essence Fairview funds

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.