Press Release: $550k Refinance

Fairview Commercial Lending , a privately funded lender, is pleased to announce the closing of a $550k "asset-based" loan on three free-standing retail/warehouse buildings in eastern Kentucky.

Deal Challenges
•  Borrower in arrears with current lender/ bank calling note
•  All properties occupied by non-credit tenants with short-term leases
•  Property located in a small commercial market with limited comparable sales
•  Borrower needed a quick closing to satisfy current lender

Fairview Solutions
•  Poor credit/ lates on current mortgage OK
•  Small commercial market 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.