Wednesday, August 19, 2015

SRF Ventures Secures $11 Million Loan for Boca Raton, FL Landowner



Steven Fischler
Boca Raton, FL --SRF Ventures has arranged an $11 million cash-out land loan for a borrower in Boca Raton.

The non-recourse 18-month loan, which has only six months of minimum interest, allows the borrower to recoup equity and execute their business plan with substantial flexibility going forward.

Lenders are often reticent to provide such loans as they prefer borrowers maintain equity in a property, but SRF Ventures was able to overcome this hurdle in completing the transaction.

“We were able to achieve higher proceeds than the borrower initially envisioned. 

"By working with a wider variety of lenders that most, we were able to find a local lender who understood the premiere location of the property and the reasonable loan to value request. Both the borrower and lender are very satisfied with the result,” said Steven Fischler, founder, president and managing principal of SRF Ventures.

For a complete copy of the company’s news release, please contact:

Ilana Tescher
Account Executive
BoardroomPR
Office: 954-370-8999
Cell: 954-249-1816

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