Press Release: $2M Refinance

Fairview Commercial Lending, a privately funded lender, is pleased to announce the closing of a $2 million "asset-based" loan on a 235 unit apartment complex in Houston, TX.

Deal Challenges
•  Multiple tax liens on the property
•  Borrower a foreign national with no credit
•  Property not performing to its full potential (operating expenses out of line)
•  Property's occupancy rate higher than comparable properties
•  Borrower needed a quick non-recourse loan to satisfy tax liens and receive cash out

Fairview Solutions
•  Tax liens OK
•  Foreign National/No credit okay
•  Property not performing to its potential OK; Fairview able to understand market value
•  Cash-out for any reason/use up to maximum loan to value
•  Able to commit on the loan within 24 hours and exceed borrower's time requirements
•  When the deal is difficult and 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.