$2.0MM COMMERCIAL MORTGAGE

We are pleased to announce the closing of a $2,058,000 Commercial Mortgage

Beachrock has successfully closed a $2,058,000 commercial mortgage for an owner occupied property. 
Beachrock located a lender that could facilitate the borrower's option, which was set to expire within weeks.  A traditional bank lender was not an option due to the short timeframe, and the need to recognize the equity relative to the borrower's favorable option price. 

The loan was critical to the Client as both market conditions and significant improvements made to the property created significant equity which would have been lost had the option expired.  Additionally, as the operational headquarters of the Company, control of the property was critical to giving the company long term security.  The loan allowed our Client to effectuate the purchase of the property, thereby locking in the equity they had in the property relative to the option price. 
As a start up venture, the loan will also allow them to show positive cash flow and profitability in the future when a refinance with a traditional lender is sought.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!