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Purchase and Refinance Loans for Two Office Condominiums

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Purchase and Refinance Loans for Two Office Condominiums

On behalf of an aircraft cleaning company, we obtained two loans — one to refinance the mortgage on their Miami office condo, and the other to purchase a new office condo in the same complex.  Because the owners of the company had serious credit issues, including several recent delinquencies and derogatory accounts, their previous bank had rejected their loan application.  We were able to get them approved by a private lender at 70% loan-to-value (LTV) with a fixed interest rate in the 9’s. 

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