A nation at home. Unemployment in record numbers. Businesses closing for good. What does the immediate future of lending look like in a post-COVID-19 world?
Melbourne, FL A fast closing was essential for a 40 year-old, stabilized government contractor. They called their own bank for a CRE cash-out refinance loan on their office property – a pristine piece of CRE collateral with less than $100K left on the original mortgage balance. After 3 months of “lip service” and wasted time,…
Continue reading $3,968,750 – Term/Bridge Loan – Gov. Contractor
Augusta, GA Another client of ours, a dentist, was using his personal credit cards for his business expenses. Because of this, the client had a personal FICO score lower than 600. With a low FICO, no lender could close any loans for this client. This is something we see often in early-stage businesses. Using a…
Continue reading $242,000 Term Loan/SBA – Dental Office Construction 
