Funded: $4.4 million - Sth. Jersey Shore
Saxon Spencer Capital funds $4,400,000 refinance of operating marina and commercial property located on the South Jersey Shore. Borrower needed to refinance current debt as the their former loan had reached maturity with no extension option.
Strong borrower financials provided for 60% LTV for 12-months with an option to extend. Loan was closed in 30-days due to complications with title.
Saxon Spencer Capital is a direct lender with no upfront fees.
For further information on available loan programs or to submit a loan for review, send e-mail to: [email protected]
Posted by Adam S. Cohen - January 22, 2018