A Successful Loan Closing: Mixed-Use Facility in Scranton, PA

Publish:12/28/2023

At PrivateLend.com, we take pride in helping our clients achieve their financial goals. We are excited to share the details of a recent loan closing that we facilitated for a mixed-use facility in Scranton, PA. This success story highlights our commitment to providing tailored financing solutions to meet the unique needs of our clients.

Loan Details

The loan we facilitated was a $2,475,000 blanket loan, which encompassed both acquisition and refinance aspects for the mixed-use facility. This type of loan is particularly beneficial for properties that have multiple uses, such as commercial and residential spaces, as it allows for a streamlined financing process.

Property Overview

The mixed-use facility in Scranton, PA, presented an excellent investment opportunity for our client. With its strategic location and diverse range of tenants, including retail shops, offices, and residential units, the property showcased immense potential for generating steady income and long-term growth.

Loan Process

Our team at PrivateLend.com worked closely with the borrower throughout the loan process, ensuring a smooth and efficient closing. We understand that every loan is unique, and we take the time to carefully evaluate each borrower’s financial situation and goals.

Benefits of the Loan

By securing the $2,475,000 blanket loan, our client was able to consolidate their existing debt and access additional funds for property improvements and future investments. This loan not only provided the necessary capital for the acquisition but also allowed for refinancing existing loans, resulting in improved cash flow and increased financial flexibility.

The successful loan closing for the mixed-use facility in Scranton, PA, exemplifies our expertise in providing comprehensive financing solutions for diverse real estate projects. Contact us for more information about our lending practices.

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