John McCallum, Borrower’s Advocate, arranged interim financing for an owner-user seeking to consolidate business debt. Using trapped equity in their commercial property, the owners were able to save significant money on monthly expenses with the refinance. The industrial property appraisal was dated, but with additional comparative property documentation, the lender waived the appraisal requirement. The buyer required a quick financing commitment to meet the payoff timelines. Turton Commercial Real Estate secured ± 65% leverage to close on the 3-week timeline. |