This CVS NNN lease located in the South Suburbs of Chicago had its fair share of baggage. The city wanted to expand the intersection on which this CVS location stood and they already filed a condemnation suit whereby they would claim the land by eminent domain. This...
My clients just had some bad timing when it came to having the issues they had. They had some IRS issues along with some credit issues, mixed in with some liquidity issues (they were cash-poor). At the same time, their note with the bank for their 8 unit building was...
Our client recently used up all his available funds to complete his web presence and revamp his sales force. He went to his bank for a short-term loan but was told that he was at his limit on his LOC and wouldn’t be able to borrow any more additional funds. He really...
Not bad for a first-time multifamily investor! This borrower previously only flipped single-family homes. But he saw an unpassable opportunity in this 14-unit building in the Washington Park area of Chicago. The current rents are $600 for 1 bed and $750 for 2 beds. He...
What Is A Commercial Property Bridge Loan? Commercial property bridge loans are a short-term loan used in the real estate industry by flippers, developers and property investors that gives the property owner enough time to finish the remaining tasks. These tasks...
My client wanted to purchase a convenience store he managed for a long time from the current owner for $80,000. We also had to get this done within 30 days because the current owner of the store had a friend of the family who was ready to pull the trigger on the...