TLC Financial Network, Inc.’s Post

Just Funded! Our longtime VIP clients utilized a bridge loan to acquire this property for an absolute steal at over a 10% cap rate because of a few delinquent tenants and deferred maintenance. Our clients were able to correct the issues with the property and tenants and got this property back on track! While the property issues were fixed, the property location still provided some challenges when it came to debt placement. However, we teamed up with one of our go-to sources who accepted the property and leaned on the borrower’s credit worthiness, even though the location wasn’t the best. That’s the name of the game; every deal has a place, sometimes you just need the right navigator to drive it home. Contact TLC to learn how we can add value to your business and your next deal! Kevin, you guys came through again as promised! You and your team always deliver exactly what you say you will. ~ David Kakan, Investor #funded #commercialfinance #commerciallending #multifamily #apartments #commercialrealestate #mortgagebroker #incomeproperty #realestate #finance

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