Press Release: $625k Free Standing Office: Pittsburgh, PA

Deal Challenges:
•  Property currently in foreclosure with first lienholder; second lienholder needed to resubordinate to facilitate the transaction
•  Two years of unpaid taxes to both the city and county
•  Borrower's credit damaged due to foreclosure and outstanding liens on the property
•  Borrower needed a quick non-recourse loan to stop the foreclosure, pay off tax liens, and resolve other liens on the property

Fairview Solutions:
•  Foreclosure with current lienholder okay. Fairview negotiated with the second lienholder to "encourage" their resubordination
•  Fairview able to resolve unpaid tax issue as well as other liens on the property
•  Borrower's credit issues okay, able to underwrite on the property, not the borrower
•  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.