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Columbus, Georgia
2.5 Million Refinance
Special purpose building needing refinance to payoff existing Bank loan due to loan covenant issues. Granted loan to cover payoff of existing bank and renovations to subject property which will increase traffic and gross income. 24 month term interest only. Due to the ability to close quickly, principals were able to satisfy bank and obtain funds for improvements to accommodate additional volume. |
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Marietta, Georgia
$600,000
Purchase of restaurant building and site to accommodate another location for small restaurant chain. Buyer able to purchase at 20% below current appraised value due to seller’s desire to dispose of soon as possible. 24 month interest only to allow stabilization of business and conversion to a longer term product. |
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Gainesville, Georgia
$700,000
Refinance of bank loan on apartment complex due to lower pricing through secondary market transaction. Term of 10 years amortized over 25 years at 2% below existing bank rate. |
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