GFCIB and Advisors, LLC, a nationally recognized financial advocate and advisory firm for commercial real estate owners, developers, builders and mid-sized businesses, announced that it has once again successfully closed on a discounted note purchase financing this is the 2nd part of the transaction for a Private Real Estate partnership located in the suburbs of Philadelphia. The total transaction closed at $10 million- with a total of 120,000 sq. ft. The ownership engaged GFCIB and Advisors, LLC to provide exclusive financial advisory and loan placement services to them.
The collateral was a Class A office building of 80,000 sq ft. located in the suburbs of Philadelphia, which was in foreclosure by a major national default servicer with a sheriff sale date was set. To make matters more complicated this was a deal owned by Tenants in Common, the TIC aspect just added another layer to deal with.
Negotiating a discounted payoff and bringing in new financing was a great result for all parties, said H. Jack Miller who personally handled this transaction.
We spend a lot of time getting to know our clients, the projects and motivations everyone has, then we work with all stakeholders to get the best possible outcome, sometimes this included obtaining a discounted note purchase financing, loan and mortgage modifications and financial restructuring with our without new equity.
Protecting, advocating and satisfying the needs and desires of our client’s one transaction at a time.
For additional information contact:
H. Jack Miller
215-947-2974 ext 237
2755 Philmont Avenue, Suite 130, Huntingdon Valley, PA 19006 │ 1001 W. Cypress Creek Rd., Ste. 406, Ft. Lauderdale, FL 33309