| Press Release:
$1.3M Apartment Complex: Pittsburgh, PA
Deal Challenges:
• Borrower in need of quick cash to secure another property
• Apartments in need of minor repair
• Property not operating to potential due to vacancies
• Limited financial information available on the property
Fairview Solutions:
• Timing for quick cash okay
• Fairview able to understand the value of the property even though
it was not operating to its potential
• Able to understand and interpret limited financial data
• Refinance for any reason 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. |