Transaction Details

Comments:

Principal Mortgage provided 100% financing for this Property by completing an equity withdrawal from a second property owned by the Borrower. The borrower needed to move operations into this facility in a timely manner, and PMG was able to react quickly and achieve the required results to facilitate the closing.

This transaction contained many moving parts as the Borrower was a public company that had acquired other companies over the past 12 months.  As a result of this, in depth financial investigation was required.  We were able to place the mortgage with a lender that provided excellent terms.