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| 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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