Just Closed- Cedarburg Industrial Building Refinance
Bellwether Funding has just completed the refinance of a multi-tenant industrial building in Cedarburg. The loan was to pay off the existing bank, and provide some working capital for building improvements and inventory purchases. The borrower was able to leverage nearly half of the building’s equity to fund his business and improve the building. The challenge to the lender was a lack of reported personal income, and large vacancies within the property. However, we were able to overcome the shortfalls to get the borrower a new loan at competitive market rates. Please contact us if we can assist you with your next challenging refinance.Thank you for reading this post, don't forget to subscribe!
We are actively seeking new lending clients in the hospitality and restaurant markets. We have lenders who will fund purchases, restructuring of debt, expansion and start-ups for the bar, restaurant, hotel and motel industries. Please contact us on our website, www.bellwetherfunding.com, or go to LinkedIn/BillFrey to learn more about what you may qualify for.
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