Category: Funded Loans

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Just Closed: $3.67M SBA 504 Loan for Two-Story Industrial Building

Posted on by Courtney Finello

Liberty SBF just closed a $3.67 million loan for the acquisition of an industrial warehouse in Fort Lauderdale, FL. The Sponsors were approved for an SBA 504 loan broken up into a $2.04 million first lien mortgage and a $1.6 million interim second lien mortgage. 

The two-story, 20,035 SF structure was originally built in 1988 and will serve as a distribution center. The Sponsors operate a wholesale and distribution company for baby items, outdoor products, health and beauty, pet supplies, sports and fitness, office supplies, and medical supplies. The company experienced solid revenue growth throughout 2020 and 2021. 

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Just Closed: $2.8M SBA 504 Retail Acquisition

Posted on by Courtney Finello

Liberty SBF closed a $2.8 million SBA 504 loan for the acquisition of a gas station and convenience store in late January 2022. The borrowers received 85% LTC for the 6,674 square foot property, located in High Point, NC. 

The two borrowers were under contract to purchase the gas station for $3.2 million and required financing to complete the investment. The partners already own and operate an existing convenience store brand with four locations across New Jersey and North Carolina. They also have a partnership with a major oil company that will provide the gas for the station. 

Our underwriting team structured the deal and valuation with the borrowers’ four existing entities as corporate guarantors. This acquisition will expand the company to five total locations. 

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Just Closed: $2.4M Conventional Loan for Daycare Property

Posted on by Courtney Finello
Daycare property - Mesquite, TX

Liberty SBF closed a $2.4 million conventional loan in January on an 11,073 square foot daycare center in Mesquite, TX. The loan will provide funds for the acquisition of the property, which comprises one 8,928 square foot building and one 2,145 square foot building. Originally built in 2000, the property was expanded in 2004 and 2013 and features multiple classrooms, offices, kitchen and break area with pantry, storage, laundry facilities, numerous restrooms, and an indoor multi-purpose room. 

Established in 2000, the private daycare center provides early academic development for children from infancy to kindergarten. The business has shown rapid revenue growth over the last 3 years; although the center took a hit in 2020 due to COVID-related closures, the business bounced back in 2021 and is on track for an increasing revenue trajectory. 

Situated on a main thoroughfare with superior exposure, the property’s prime location contributed to an as-is valuation of $3.52 million. The Dallas MSA’s demographic trends will continue to drive growth in the market, allowing the property valuation to increase over the next few years. 

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Just Closed: $14M Non-Recourse Bridge Loan for Multifamily

Posted on by Courtney Finello

In late December 2021, Liberty SBF closed a $14 million non-recourse bridge loan at 70% LTV for two Class B multifamily properties in Dublin, GA. The Sponsor plans to use the loan proceeds to renovate and restore the 202 units across the two properties, with the goal of increasing cash flow and overall value.

Once renovations are complete, the borrower plans to raise rents by 25-30% to be in line with the local market. Located along the second-busiest and fastest-growing seaport on the East Coast, the asset also includes sufficient land to build 60 or more units. The Sponsor plans to refinance out of the bridge loan to a long-term Agency loan after executing the business plan.

The Sponsor is an experienced multifamily property owner with over a decade of experience. Investing their own capital alongside that of their investors, the Sponsor seeks out properties that are undervalued due to poor management and/or design.

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Just Closed: $5.1M Bridge-to-504 Loan for Industrial Property

Posted on by Courtney Finello

Liberty closed a $5.1 million bridge loan for the acquisition of an industrial building in Las Vegas, NV. The Sponsor required interim bridge financing for a quick close and will refinance to a low-cost, high-leverage SBA 504 loan in the spring of 2022. Our team is currently working on SBA approval.

Currently valued at $7.5 million, the Subject is a 61,400 SF industrial building situated on a 4.84-acre site. The property comprises a large warehouse space with 26-foot ceilings, several offices, and 42 parking spaces.

The borrower is an industrial packing materials company offering supplies such as moving boxes, packing foam, moving kits, printing labels, poly bags, and more. With 95% of sales coming from e-commerce, the business grew nearly 40% from 2019 to 2021. The acquisition allows the owners to increase warehouse space by 15,000 SF and gain greater control over operating costs.

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Just Closed: $1.1M SBA 504 Loan for Multi-Tenant Office Building

Posted on by Courtney Finello

Liberty SBF closed a $1.1 million SBA 504 loan at 90% LTV for a multi-tenant office building acquisition in Poway, CA. The borrower acquired the building for $1.2 million.

Located 30 minutes north of San Diego, this two-story, Class C office building will be owned and partially occupied by the Sponsor. The business owners, who operate a full-service boutique real estate firm, will occupy three of the six total units in the building and lease out the remaining three. The building was constructed in 1975 and is 4,400 SF.

Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.

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Multifamily Property Loan Closed: $1.7MM Bridge Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided a $1,700,000 in Bridge financing to acquire a multi-family property located in Greensboro, NC.

Read Liberty’s White Paper on Bridge-to-Agency Loans for Multifamily Sponsors, Mortgage Bankers, & Agency Lenders.

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $1.1MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $1,103,850 in total SBA 504 financing for the acquisition of an industrial property for a landscape supply company in Boring, OR. The property is comprised of three buildings totaling 11,168 SF and are situated on a 5-acre site. The property is 100% owner-occupied and will be used to store vehicles, equipment, and landscaping materials held-for-sale.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $1.6MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $1,558,800 in total SBA 504 for the acquisition of an industrial building located in Hollywood, FL for an e-commerce retailer. The guarantors consist of two companies that share space, inventory, and operating expenses. They offer brand name apparel, footwear, jewelry, home and kitchen gadgets, tactical gear, and sports and outdoor gear mostly sold on Amazon.com. The property consists of two buildings located 22 miles north of Miami.

How can we help?

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Office Property Loan Closed: $3.9MM Conventional Refinance Loan

Posted on by kunallibertysbf

Liberty SBF provided a $3,900,000 Conventional loan to refinance an office building located in Santa Clara, CA for a company that provides design services for the semiconductor industry. The property is a two-story, 17,250 SF office building. The borrower occupies the second floor and leases out the first floor.

The appraised value of the property came in at $6MM, resulting in a Liberty 1st Lien LTV of 65%. The company helps large digital clients like to develop next generation flagship product lines, including mobile devices, complex routers/switches, consumer products, storage devices, and microprocessors processors.

How can we help?

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Retail Property Loan Closed: $3.7MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $3,747,000 in total SBA 504 financing to acquire a retail property located in Brooklyn, NY for a kosher supermarket. The Property is a 10,000 SF, single-story retail building specifically located in a densely populated residential neighborhood in south-central Brooklyn.

The store offers a complete range of grocery products including baked goods, fresh produce, beverages, frozen foods, dairy and eggs, meat and fish, paper and cleaning, health and beauty, and housewares. The grocery store has occupied this location for more than 24 years and will continue to occupy 100% of the property.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $8.2MM SBA 504 Cash-Out Refinance Loan

Posted on by kunallibertysbf

Liberty SBF provided a $8,200,000 in total SBA 504 financing to refinance an industrial property located in Orange County, CA for a full-service contractor of corporate events and exhibits.

Read Liberty’s White Paper on Industrial Property Loans: Click Here.

The family-owned business provides show management, exhibit design, pre-event planning, onsite execution, and transportation. The property is a one-story, 109,204 SF industrial building located 24 miles southeast of Los Angeles. The borrower occupies 100% of the property.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Warehouse Property Loan Closed: $1.8MM SBA 504 Acquisition Financing

Posted on by kunallibertysbf

Liberty SBF provided a $1,849,230 SBA 504 loan to acquire a warehouse located in Commerce City, CO for a marine body repair and detailing shop. The borrowers’ previous location was sold, and they needed to relocate.

The subject property is nearly identical to their previous location. The 11,940 SF industrial building will also allow the borrowers to grow their business. The Property is located five miles northeast of Denver’s Central Business District in a large industrial submarket. The borrower will occupy 100% of the property. This SBA 504 loan represents nearly 90% LTV financing for the acquisition.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $1.3MM Conventional Acquisition Financing

Posted on by kunallibertysbf

Liberty SBF provided a $1,330,000 Conventional loan to acquire a warehouse located in South San Francisco, CA for a wholesaler of souvenir/gift products. The property is a 4,800 SF industrial condominium unit that the borrower will 100% occupy. The Appraiser concluded an as-is value of $1.9MM, resulting in a Liberty 1st Lien LTV of 70%.

The company sells greeting cards, postcards, fashion bags, stationery, bookmarks, journals, and other gift products and customized items to regional and national retail stores and online direct to consumers. The company had outgrown its previous space and moved to the subject property in order to accommodate its current and anticipated growth.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $4.2MM Conventional Refinance

Posted on by kunallibertysbf

Liberty SBF provided a $4,160,000 Conventional loan for the refinance of an industrial property located in Brooklyn, NY for an online retailer of bicycle products, parts, and accessories.

The borrower operates their business out of a warehouse and office located on the first floor of the 9,704 SF two-story building. A tenant runs a dance studio on the second floor. The company has 59% occupancy of the total square footage of the property to run its business., primarily selling its inventory on Amazon where it has extensive experience operating on the platform and using Amazon’s fulfillment services.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

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