Vacant Commercial Acquisition

The borrowers, self-employed business owners, were seeking financing to acquire a vacant commercial property and capitalize on a strategic opportunity to expand into a new location. The transaction presented additional challenges, including a higher LTV, required property improvements, and roof repairs. To bridge the gap, we provided a first mortgage solution secured by a separate property as collateral. This allowed the borrowers to move forward with the acquisition and secure the property despite the complexities of the transaction. Once the business is established and the property is stabilized, the borrowers plan to refinance with a traditional financial institution.