Nebo Closes Unique Loan for Hospitality Company

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.

Nebo Closes $1.8M Refinance for Non-Profit

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 Closes $5M Retail Financing

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 Closes $6.35 M LOAN

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.