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We are happy to announce a recent $8.4MM loan approval on a 416-unit multifamily complex located in Houston, TX for a group of foreign investors. This loan not only provides our client with great terms, but it also provides gives them $4MM in cash to redistribute some of the newly created equity back to the sponsorship.
This loan is a great example of how we can help our clients obtain financing when banks say no. Foreign sponsorship, lack of years of stabilized financial history, high cash-out component, and need for non-recourse lending with great terms were just some of the things we overcame by using the right lender.
If you or anyone you know is in need of commercial financing please contact me.
I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live by the light that I have. I must stand with anybody that stands right, and stand with him while he is right, and part with him when he goes wrong.
Marie Fleming is an author and enjoys to write on her spare time. At times motivational or articles involving the field of sales or Real Estate.