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Monday, November 30, 2015

Announcing the closing of a $1,690,000 loan in Michigan!

The client was seeking financing on their 2 office buildings. One property was fully leased, but the other had become recently vacant. They had accumulated some delinquent property taxes and were on a forbearance agreement with their current lender. Even worse, both properties were located in Michigan, which lenders are notoriously unwilling to lend in.

This was solved by making a blanket loan securing both properties on a single security instrument, we helped mitigate the risk of the currently vacant property.

We were able to offer the borrowers a loan that both refinanced their existing loan and payed their deliquent taxes.

Do you have a scenario similar to this? Contact us today, even if this is not your situation!

Larry  @