You read that right: a 3.99% interest rate in this market! 📈
We are excited to share the successful completion of our client’s industrial acquisition in Hillside, NJ, where we secured an exceptional 3.99% interest rate for the first year on a $9.1 million purchase.
✅ The Highlight: From the outset, our priority was to obtain the best possible interest rate for our client. Despite encountering challenges with the Small Business Administration (SBA) process and the need for effective coordination between the buyer and the seller, we remained focused on achieving this goal.
➡️ Client Challenge: Our journey faced obstacles, including delays from an initial lender. We navigated these challenges by making a strategic move to switch to a more responsive Certified Development Company (CDC). This decision allowed us to expedite the SBA approval process and get our client successfully to closing.
The Results:
↪️ 3.99% interest rate for the first year
💵 Total fee to the client only $11,000
If you're looking for a team that operates at the pace your next deal demands, our expert commercial mortgage brokers are ready to ensure your smooth and successful journey to the closing table: https://lnkd.in/
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