Ft Worth, TX
This was an investor purchase that closed just last Friday. The borrower could not get approval from Freddie or FNMA for the deal and being on one deed kept it from anything residential. HE TRIED A LOCAL BANK FIRST, got DENIED, and came to us desperate. We found a balance sheet lender to do his loan at 70% and with good rates and we closed in time to save the deal. FROM THE TIME THE CLIENT SIGNED THE INITIAL LOI TO CLOSING WAS 30 DAYS and with CONVENTIONAL RATES!
Give me a CALL TODAY at 512-650-8630
Franchise Start Up Closings!
Private Money Closings With OUR OWN FUNDS!
One of these was for a golf course-our second golf course deal of the year. We will do ANY type of property as long as it is commercial, and the deal makes sense. The other one was a small loan against a property for a borrower to move her restaurant and expand the space. No bank wanted to take the risk since the restaurant was NOT a franchise and the borrower had credit challenges but we got it done and soon she will be opening up and selling her fried chicken. We will allow cash out for ANY reason as long as we have an exit strategy on the loan. Give us a call today! These are just some of the recent closings. If you or anyone else you know needs commercial or business financing, give me a call, we can get it done!