Category: Funded Loans

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Medical Office Property Loan Closed: $1.8MM SBA 504 Acquisition Financing

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Liberty SBF provided a $1,816,200 SBA 504 loan for the acquisition of a medical office located in Avon, OH for a provider of early intervention Applied Behavioral Analysis (ABA) therapy and related services to individuals with autism.

The property is a one-story medical office condo located in Avon Pointe, a 20-acre professional campus featuring regional medical office and traditional national office tenants. The company will occupy 100% of the property for its business.

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.

Get Your Deal Quoted

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Office Property Loan Closed: $2.1MM SBA 504 Acquisition

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Liberty SBF provided a $2,070,000 SBA 504 loan to acquire and renovate an office building located in Portland, OR. The property is a two-story commercial building that had been built out for a night club and three apartment units.

The Borrower will perform a $1.3MM renovation to convert the building into office space. Upon completion, the Property will contain 5,114 SF of net rentable area consisting of private offices, meeting space, and common office areas. The company will occupy 100% of the property for its consulting and training business.

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.

Get Your Deal Quoted

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Mixed-Use Property Loan Closed: $590,000 Conventional Acquisition

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Liberty SBF provided a $589,856 Conventional loan for the acquisition of a mixed-use property located in Brooklyn, NY. The appraised value of the property resulted in a Liberty 1st lien LTV of 51.7%. The Property is a 2,470 SF, two-story industrial/office property in Brooklyn. The first floor of the Property is industrial space and the second floor is office space. The Property is zoned and functional for warehousing, manufacturing, retail, and office uses.

The borrower will fully occupy the property. The company manages its client’s construction process from beginning to end, ensuring both quality and compliance.

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.

Get Your Deal Quoted

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Industrial/Flex Property Loan Closed: $1,300,000 SBA 504 Acquisition

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Liberty SBF provided a $720,000 first mortgage and a $576,000 interim second mortgage for a total of $1,296,000 in SBA 504 financing for the acquisition of a 3,235 SF office and industrial building in Brooklyn, NY. The building consists of 1,985 SF of industrial space and 513 SF of office space.

The company provides electrical services to buildings under construction. Services include wiring installation, electrical breaker box installation, fixture installation, and utility hook-ups, among others. The majority of its projects are residential properties.

Liberty SBF also provided the borrower with additional SBA 504 financing for the purchase of a second property. Click here to read the details of that deal.

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.

Get Your Deal Quoted

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Industrial/Flex Property Loan Closed: $1,570,000 SBA 504 Acquisition

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Liberty SBF provided a $872,500 first mortgage and a $698,000 interim second mortgage for a total of $1,570,000 in SBA 504 financing for the acquisition of a 5,130 SF industrial building in Brooklyn, NY. The building consists of 4,617 SF of industrial space and 513 SF of office space, as well as a small cellar utilized for additional storage.

The company provides electrical services to buildings under construction. Services include wiring installation, electrical breaker box installation, fixture installation, and utility hook-ups, among others. The majority of its projects are residential properties.

Liberty SBF also provided the borrower with additional SBA 504 financing for the purchase of a second property. Click here to read the details of that deal.

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.

Get Your Deal Quoted

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Warehouse Property Loan Closed: $2.2MM Conventional Acquisition

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Hangar exterior with rolling gates. 3d illustration

Liberty SBF has closed a first mortgage loan totaling $2.2MM for the acquisition of a 7,500 SF warehouse in San Francisco, CA. The building includes three suites which is occupied by two other tenants and the borrower.

The borrowing entity is a halal butcher shop specializing in the processing and sale of poultry. They will use most of the property to sell a variety of poultry to retail customers and local restaurants in the Bayview neighborhood and greater San Francisco Bay Area.

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.

Get Your Deal Quoted

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Hotel Property Loan Closed: $2.2MM Conventional Loan

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Liberty SBF has closed a first mortgage loan totaling $2.2MM for the refinance of an AmericInn by Wyndham, a three-story, 69-room, limited-service hotel located in Mounds View, MN. The borrower will use the funds to restructure the ownership of the property.

The AmericInn by Wyndham in Mounds View, in the growing Minneapolis MSA, opened in 2002, and underwent a $1 million+ renovation in 2018. Connected to Mermaid Entertainment & Event Center, the National Sports Center, and various corporate offices, the hotel benefits from both local and regional demand.

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.

Get Your Deal Quoted

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Closed: $8.3MM SBA504 Loan

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Liberty SBF has closed an SBA 504 loan totaling $8.3 MM for the refinancing of an auto dealership in New Mexico.

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.

Get Your Deal Quoted!

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Closed: $1.5MM Industrial Conventional Loan

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Liberty SBF has closed a $1.465MM Conventional loan for the refinancing of a one-story, 12,700-square foot industrial property, located within the Rancho Center Industrial Park in Rancho Cucamonga, CA. The company fully occupies the space. The loan will also fund equipment acquisition and additional working capital.

The Southern California property is located 15 miles north of Riverside, CA and 37 miles east of Los Angeles, in the fast-growing Inland Empire MSA, served by Interstate 10 and 15 freeways. The company services manufacturers with a specific niche market in the pool and spa industry, in addition to the aerospace, furniture, construction, lumber yard, and boat and RV industries.  The founders and owners have successfully operated the company for more than 30 years. They acquired the property in 2006.

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.

Get Your Deal Quoted!

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Closed: $3.39MM ALF Conventional Loan

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Liberty SBF has closed a $3.39MM conventional loan for the refinancing of a 16-unit adult residential facility located in Vallejo, CA. The loan will refinance the existing debt on the property, and provide funding for the borrower’s acquisition of a 49-bed assisted living facility in Mill Valley, CA.

Built in 1965 and with 100% occupancy, the 16-unit, 32-bed transitional facility for mentally challenged adults prepares residents for independent living. The appraised value for the Mill Valley property was $7.0MM, excluding business value of $700K. Liberty’s 1st Lien represents an as-is LTV of 48.5%. The principal guarantors have more than seven years of experience in the development, rehabilitation, and management of senior/adult care facilities.

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.

Get Your Deal Quoted!

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Closed: $3.53MM ALF Conventional Loan Refinance

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Liberty SBF has closed a $3.53MM conventional loan for the refinancing of two assisted living properties in Saint Cloud and Palatka, FL by an experienced owner/operator, Aleph 1 Realty, LLC. The properties are the two-story, 40-bed Homestead Retirement Home in Saint Cloud and Kiva of Palatka, a one-story, 40-bed assisted living facility.

Paramount ALF, Inc. is the operating company that has run both facilities since 2016, when the borrower purchased the properties. Built in 1909, the two-story, 40-bed Homestead Retirement Home in Saint Cloud is 100% occupied. Kiva of Palatka, built in 1986 and 2003, is 70% occupied. The borrower, Aleph 1 Realty, LLC, has extensive experience as owner and operator in the assisted living industry.

The loan enabled the borrower to make functional improvements of both properties, and to buy out a business partner’s remaining interest.

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.

Get Your Deal Quoted!

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Closed: $1.04MM SBA 504 Office Property Loan

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Liberty SBF has closed a $1.04MM first and interim second lien SBA 504 loan for the acquisition of a one-story, 4,150 SF office building, located in Federal Way, WA. The company also acquired the property’s 20,652 SF of excess land for parking and for potential future development.

The loan for the property, located 10 miles northeast of Tacoma and 24 miles south of Seattle, comprises the $613.3K SBA 504 first mortgage and a $429.3K SBA 504 interim second mortgage. The 24-hour towing and roadside assistance provider in Seattle bought the distressed business in December 2017, and has significantly improved its performance since acquisition

The company will occupy the building area that is not occupied by an existing tenant, and use the excess land for its towing company. The building was constructed in 1988.

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.

Get Your Deal Quoted!

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Liberty SBF Closes Conventional Loan Refi for Industrial Property in CA

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CONVENTIONAL – $804K – INLAND EMPIRE, CA

A commercial landscaping company in the Inland Empire, CA recently refinanced an SBA 504 loan with a very competitive fixed-rate Conventional loan from Liberty SBF.

The owners used the proceeds to pay off an existing lien on an industrial property and took cash out for working capital to pay down short-term debt and purchase new vehicles and equipment.

How can we help?

Liberty SBF offers personal service for SBA 504, bridge and conventional loans. We’d love to help you.

Let’s Talk. 

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Liberty SBF Closes $1.6MM SBA 504 Loan for Warehouse Acquisition in FL

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A dent-and-scratch appliance supply company near Orlando, Florida recently acquired a 34K square foot warehouse with a $1.6MM SBA 504 loan from Liberty SBF. The deal closed within a very tight timeframe even allowing for a delay due to the government shutdown.

Liberty SBF provided 90% LTV financing with both a first and interim second lien loan allowing the business owner to preserve cash for working capital. Florida Business Development Corporation partnered with Liberty SBF on the deal and will provide the government guaranteed second lien loan when the debenture funds. By purchasing this property, the business owner is saving money on monthly, rent improving cash flow.

How can we help?

Liberty SBF offers personal service for SBA 504, bridge and conventional loans. We’d love to help you.

Let’s Talk. 

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$12.9M Healthcare Facility Closes With Liberty SBA 504 Loan

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Sapphire of Tucson Nursing & Rehab.

A skilled nursing home in Tucson, AZ, recently closed with the help of $12.9 million in financing from Liberty SBF. Liberty provided both the $8 million SBA 504 first loan and a $4.9 million interim loan to allow the transaction to proceed while the CDC portion of SBA 504 loan is being completed. Sapphire of Tucson Nursing & Rehab is the area’s only privately owned skilled nursing facility.

Originally built in 1983, The Property is located in Southwest Tucson, six miles southeast of downtown Tucson and four miles north of the Tucson International Airport. A strong network of regional hospitals is located within 10 miles of the Property, including Banner University Medical Center, a 227-licensed bed comprehensive medical center located 500 feet away. In addition, the Property is located five miles northwest of the Davis-Monthan Air Force Base. Except for the Arizona State Veteran Home-Tucson (120-beds), the subject is the only skilled nursing facility within the southern Tuscan market and benefits from demand generated by the families of Air Force Base Personnel and of businesses that support the Base.

The owners have over 20+ years of experience in long term care facilities. As of June 2018, they own six facilities, with a total value of $97.1MM.

How Can We Help You?

Liberty SBF is the #1 ranked non-bank SBA 504 lender by volume in the country. We offer personal service for SBA 504, bridge and conventional loans. We’d love to help you.

Let’s Talk.