$336,000 Office Condo Purchase

Posted by in Brian's Blog, Commercial Real Estate, Recent Closings

Where: Orlando, FL

This deal had been turned down by the borrower’s bank due to declining income on his 2009 business tax return.   The deal came from a good referral source and we worked this small deal as a favor. The borrower is a dentist with an established practice of fifteen years.  After reviewing the tax returns, I asked why the income had declined.  The borrower shared he closed the practice for three months to return to school to learn a new tooth implant procedure that would allow him to grow his practice.  We closed as an SBA 7A purchase mortgage.  The borrower was appreciative that we took the time to dig for the details and make the deal work.  We expect to receive many more referrals from the banker as well as the borrower.

At Commercial Capital LTD we go the extra mile for our clients. We are not your local bank, give us a call today to discover the difference. 770.908.1672