Tag: #we

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SO WHAT HAVE YOU DONE LATELY?

This was a refi of 2 existing gas stations with convenience stores in the Phoenix metro market. Underwritten as a portfolio loan, but structured as 2 separate loans. The loan was conventional and refinanced 2 SBA 7(a) loans. The refinancing released about $2.3mm of SBA capacity to be re-used for additional acquisitions....

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THAT’S A WRAP!

Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. No, we’re not talking about the closing of the Mueller investigation of President Trump for collusion, obstruction, etc. This is a wrap of a different kind. We’re talking about a wraparound mortgage. A wraparound mortgage is a...