Need: The Sponsor was needing to refinance two flex industrial properties and acquire a third property as well.
Solution: Verus Commercial Real Estate Finance was able to structure an 18-month loan that was funded in two sperate tranches, with the first loan paying of the existing mortgage on two properties, provide Capex for one and provide a deposit for the acquisition. The second funding was to complete the acquisition, fund a Capex reserve and cover remaining closing costs.
Our team of seasoned professionals is here to help you navigate the financial transactions that drive your success. Speak with us today to see how we can help.Contact Now
Talk to an Associate
How can we help?