$50 Million Term Loan for a newly constructed rental office building. Client was near completion of his $75 Million 8 storey office building and looking to refinance his construction loan with additional funds to give the client time to secure leases and cover the costs of tenant improvements without requiring any further equity injection.
Title of Heading
Competitive Rate for 6 Storey Rental Building
Client was looking for a better 1st mortgage rate along with extra funds over his rental apartment building. Due to Covid tenants were not up to date with rental payments and client was struggling to keep up with mortgage payments. Freedom Capital secured a new $3.1 Million loan at a 2% lower rate with additional funds to cover mortgage payments for 8 months.
Large Equity Take out for Commercial Plaza
Large $2M equity take-out over a commercial plaza. Clients saw the opportunity to further invest in real estate. They leveraged existing equity to continue growing their assets and make money.
Rush 2nd Mtg for 6 Unit Industrial Building
Rush second mortgage for a newly built 6 unit industrial building. Client had bank financing lined up once final occupancy permit issued, but due to Covid there were delays at the City. Client required quick $500K equity take out to finish paying trades and carrying costs to avoid CPL’s getting registered on title. Freedom Capital provided quick easy financing and fully open term and no appraisal!