Just Closed- Mixed-Use Property in Big Bend, WI
Bellwether Funding has just completed the funding of a mixed-use property located in Big Bend, WI. The building contains a bar/restaurant operation, as well as several residential tenants. Despite several attempts to refinance through local banks, the borrowers asked Bellwether Funding to secure a new loan when their current loan had matured. The challenge was to fund the loan using the rental income from the property, rather than the revenues from the business to underwrite the credit. A new funding source was located, and the borrowers received a fixed-rate loan with competitive pricing. The loan even included some working capital to consolidate some recent expenses incurred. Please contact us with your next mixed-use credit. We have numerous lenders offering loans for bars, restaurants, hotels, and other hospitality loan types. Just go to www.bellwetherfunding.com, or LinkedIn/BillFrey to learn more.Thank you for reading this post, don't forget to subscribe!
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