The deal of the week was a 6-Units Commercial Retail. Even with experience in investment properties and strong financials, with one of the tenants being a marijuana dispensary, no conventional bank would lend on it. In addition, we were up against a tight timeline because the borrowers note was called due and payable. Fidelity Bancorp Funding successfully closed the deal.
RECENTLY FUNDED TRANSACTION:
Loan Amount: $875,000
Loan Purpose: Cash Out Refinance
Property Type: 6-Units Commercial Retail
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