Press Release: $750k Refinance Office/Conversion, Northern, OH

Deal Challenges:
•  Over 50% of the property was vacant
•  Property was a medical facility converted to offices
•  Limited financial information available on the property
•  Borrower in need of quick cash to complete tenant improvements
•  Borrower spent substantial amounts of money with other lenders that committed and never closed

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 provide cash and escrow for tenant improvements
•  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.