$750,000 Retail Purchase

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

Where: Jacksonville, FL

The tricky part of this loan was that it was not really investor, and not really owner occupied.  They buyer is a tenant in the retail strip center with about 30% of the property-so SBA and other “owner occupied” deals did not work.  The other tenants did not cash flow the property enough to support the debt for an investor loan.  In the end, we did this loan on our in-house lending platform as an owner occupied property and got it closed in less than 45 days.  With our resources….you can count on us to get your deal closed.  Call Brian Peart today at 866-355-1244 to fund your next commercial deal!