A hotel investor/operator came to us with a $2,000,000 equity gap in their co-invest for a purchase money loan to fund an opportunistic hotel purchase. There was only 2 weeks left to close the transaction with no possibility of an extension. Nebo secured a family office investor who was able to structure a transaction with multiple preferred equity secured collateral and an assignment of certain cash flows.
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Nebo Capital recently closed a $1.8M refinance for a non-profit in the San Fernando Valley. The non-profit had an existing credit line against their property that was a hang-over from an expansion performed several years ago. In addition to the typical challenges of financing a not-for-profit enterprise, like most non-profits they had experienced cashflow issues during the recession. While their financial position had increased dramatically many lenders wouldn't entertain the deal. Nebo quickly identified a lender that not only was able to understand the cashflow and the stronger financial position today but moved extremely fast and closed in 3 weeks. This significantly reduced the borrower's cost of debt, converted floating credit into term debt with a locked low rate and allowed them to focus on their mission of providing social services to their community.
Nebo Capital recently closed a $5,000,000 financing of a multiple location owner-user portfolio of retail outlets. The portfolio had no existing debt so Nebo was able to quickly identify a lender that would provide cash-out for the owner and credit for future expansion at competitive rates.
Please reach out to us at any time to discuss your transaction.
Nebo Capital closes a $27,000,000 refinance of a Medical Office Building &
Hospital held as investment real estate. Capital is returning to the
marketplace for the right deals. Solid deals with solid sponsorship will
attract capital today.
Nebo Capital arranged financing for the funding of a $6,350,000 loan on
two existing neighborhood shopping centers in Nevada. The borrower was
able to negotiate a short sale with his conventional lender after a
maturity default resulting in a significant discount. The lender
successfully funded 88% of the discounted note purchase and closed the
transaction before the conventional note holder could foreclose on the
properties. This transaction significantly increased the borrower's equity
in the assets.