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Vision Logistics and Management LLC
Modesto, CA
$575,000
Real Estate Financing
Funded Date: August 2nd, 2019
Transaction Overview – The borrower needed funds to complete a purchase of the building for their retail store, and grow operation.
Significance of Transaction – Since the property had a purchase option, we need to fund quickly. The lender was able to close and fund in three weeks from the application.
eQcho’s role – We structured a purchase loan for the borrower, on an interest only basis, thereby conserving cash flow to fund start up working capital. Also we able to get the seller to carry a second lien to come up with the difference needed for the purchase.