1,190,000.00 @ 5.75% Fixed Including 40.0% Unrestricted “Cash Out” For North Ridge Veterinary Hospital, Inc.
$4,875,000.00 @ 7.00% Conventional Bank Acquisition Loan for “Freehold Plaza”; a Business Park in Jackson, New Jersey
$720,000.00 @ 8.625% - Fixed Thirty (30) Year Acquisition Loan 80.0% of Purchase Price for First-Time Out of State Investor for Kashmere Gardens Houston, TX
$390,000.00 Permanent Financing @ 7.50% - Fixed Thirty (30) Year Discounted Refinance of a Hard Money, Unseasoned Acquisition Loan for a Credit Impaired Borrower@ 70.0% of Appraised Value for The “Lotus Garden” Apartments Live Oak, FL 32064
Quaker State Commercial Finance closed and funded a $3,800,000 loan at 5.485% fixed for RENAISSANCE ON MEMORIAL, a Lifestyle Retail Shopping Plaza in Tulsa, OK. Borrower received 75% Permanent 30 year financing with $800,000 Cash Out and No Personal Recourse.
Quaker State Commercial Finance closed a $1,700,000 Conventional Bank Term Loan fixed at 7.50% for ALMONT INDUSTRIAL PARK in Flint, MI.
Quaker State Commercial Finance closed a $435,000 12- year Leasehold SBA Mortgage Refinance for the BREWSTER BURGER KING, a Pad Site Burger King Restaurant in Brewster, NY. Quaker State negotiated a $300,000 Haircut, significantly reducing the Borrower’s Debt Service requirement.
Quaker State Commercial Finance completed the placement of a $1,000,000 Hard Money Cash Out 15-year Term Loan for CROSSROADS SELF STORAGE in LaGrange, IN.
Quaker State Commercial Finance closed and funded a $10,625,000 no personal recourse loan at 5.85% fixed for SOUTH SIDE APARTMENTS in Pittsburgh, PA. Borrower received 40-Year Construction/Permanent Loan at 90% of the Project cost for this 72 Unit Historic Apartment Conversion.
Quaker State Commercial Finance closed a $700,000 25-Year SBA Vulture Fund bailout loan for THE SURF COMBER, a 31 key Mid-Century Vintage “Doo Wop” Seasonal Motel in Wildwood, NJ. Quaker State negotiated a $250,000 Haircut, reducing the Borrower’s monthly payment by more than 35%.