A local real estate investor had the opportunity to acquire a seventy-unit mixed-use building in Tacoma, WA. The borrower’s local bank was unable to offer financing due to portfolio restrictions. CrossCountry CRE was able to structure a commercial real estate loan that provided funds for the acquisition.
Program: CRE Term Loan
Purpose: Commerical Real Estate Acquisition
Amount: $12,800,000
A large self-storage facility needed to refinance a matured bridge loan and pay off outstanding taxes. Due to property type and necessary timeline to close, their local bank was unable to approve the request. CrossCountry CRE was able to meet the borrower’s needs with a conventional term loan.
Program: CRE Term Loan
Purpose: Mortgage Refinance / Tax Payoff
Amount: $4,650,000
An area developer for a national auto repair chain was given the opportunity to purchase several corporate-owned facilities within their territory. Bank financing was not an option due to the limited amount of time to close. CrossCountry CRE was able to provide financing for the acquisition and expansion of this national brand, all within forty-five days.
Program: CRE Term Loan
Purpose: Acquisition and Expansion
Amount: $11,750,000
A local franchisee of a large national home services company needed to obtain funding to acquire an office/warehouse flex space that could allow them to continue to grow. CrossCountry CRE was able to provide a term loan allowing for the acquisition to be completed.
Program: CRE Term Loan
Purpose: Acquisition
Amount: $1,450,000
A local franchisee of a national full-service hotel concept needed immediate capital to complete mandatory upgrades to its current locations. Traditional bank financing was not an option due to the extended time needed to close. CrossCountry CRE was able to provide a term loan that allowed for the needed upgrades, all within thirty days.
Program: CRE Term Loan
Purpose: Upgrades and FF&E
Amount: $3,000,000
A local manufacturing company needed to pay off a substantial tax lien, consolidate additional debt and obtain funds for working capital. Due to the tax lien their local bank was unable to approve the request. CrossCountry CRE was able to meet the borrowers needs with a two-year I/O bridge loan.
Program: CRE Bridge Loan
Purpose: Tax Lien Payoff / Debt Consolidation
Amount: $4,150,000
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