by Dave Dambro | Feb 25, 2021 | What's Closing Now
Phoenix, AZ & Salt Lake City, UT This client was looking to purchase a competitor’s 30-year old, privately-owned home hospice care and staffing company AND its commercial real estate in 2 different states (from its original founder/owner). However, the...
by Dave Dambro | Feb 25, 2021 | Archive, Refinance, What's Closing Now
Brandon, FL This 20-year practicing dentist thought that he finally found his dream office! The bank was all too happy to bury him in a 5-year senior mortgage, with a 5% per year prepayment penalty — and they promised to fund the necessary renovations to convert...
by Dave Dambro | Jan 29, 2021 | Bridge Loan, Commercial Real Estate, What's Closing Now
Memphis, TN This bridge loan on the purchase of an apartment complex did not have the necessary occupancy to get a normal loan, and the client needed to close quickly. The time it took from when the client signed our term sheet to the closing was only a whopping...
by Dave Dambro | Jan 29, 2021 | Bridge Loan, Commercial Real Estate, What's Closing Now
Germantown, TN This was a purchase of an apartment complex with an occupancy lower than 85% – and thus could not qualify for conventional financing. However, we were able to get the deal done with a bridge loan source that closes quickly. Once this...
by Dave Dambro | Jan 29, 2021 | Commercial Real Estate, What's Closing Now
Athens, TX This was a purchase of two separate car washes in two different locations. We were able to combine the acquisition of both locations under one bridge loan/mortgage and put them in a great program that gave them competitive rates and terms! Looking to...
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