by Dave Dambro | Feb 21, 2018 | Archive, Commercial Real Estate, Refinance
West Palm Beach, FL Financing a gas station is tricky: it’s part business, part commercial property. Typically, banks don’t like working with gas stations because of the business risks, hazards and the potential for land contamination. This particular gas...
by Dave Dambro | Jan 12, 2018 | Archive, Commercial Real Estate, Refinance
Riviera Beach, FL What happens when you try to do a cash-out refinance of a five-unit apartment, three quads and four duplexes? Usually, the bank scratches their head and says “no”. We did a blanket, cash-out refinance loan on all these properties,...
by Dave Dambro | Jan 1, 2018 | Archive, SBA
Miami, FL Only 3 years after purchasing the CRE for his practice, this medical professional/building owner was buried in debt. The bank said NO to any additional funds. We said “Yes” with an SBA 7a loan for debt consolidation and expansion to build out an...
by Dave Dambro | Mar 1, 2017 | Archive, Commercial Real Estate, SBA
Rohnert Park, CA A successful dentist worked with the bank for more than 2 years to get a loan to purchase a property and open a new practice. The banks were saying NO over and over again. Thanks to SBA and its use of pro-forma, our team was able to illustrate...
by Dave Dambro | Feb 1, 2017 | Archive, Refinance
Treasure Island, FL The bank said “No” to this stabilized, luxury rental along the coast of the Gulf of Mexico because it is a seasonal rental. Most commercial lenders don’t like to finance seasonal rental properties due to the short-term lease and...
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