Gallery Image #1 Gallery Image #2
Situation/Challenges

  • COVID-19 pandemic causing unknown economic impact
  • Borrower structure consists of five TICs
  • Due diligence challenged by multiple states and tight closing deadline
  • CMBS Lender backed out due to CMBS market shutdown

Solutions/Highlights

  • Rate lock at application
  • 15-year loan term
  • Funded in less than 30 days from receipt of appraisal