Press Release: Closed Ohio 474,000 sq ft office Building Bridge Loan

October 11, 2014

For Immediate Release:
Huntingdon Valley, PA / Fort Lauderdale, FL

GFCIB and Advisors, LLC is pleased to announce that it has once again successfully closed a bridge loan refinance transaction for a sophisticated private real estate investor located in Cleveland, OH. The ownership of a long standing existing client had engaged GFCIB and Advisors, LLC to provide exclusive financial advisory and loan placement services to them.

The collateral was a Class B office 474,000 sq ft 18 story office building as well as 6 story parking garage. There was in place existing financing with a major life insurance company, which we negotiated a substantial reduction in the pre-payment penalty with and then obtained replacement financing for the ownership, which included a substantial amount for future improvements to the building.

GFCIB and Advisors, LLC, a nationally recognized financial advocate and advisory firm for commercial real estate owners, developers, builders and mid-sized businesses.

We spend a lot of time getting to know our clients, the projects and our client’s goal. Then we work with all stakeholders to get the best possible outcome; sometimes this includes obtaining a discounted note purchase financing, loan and mortgage modifications, and financial restructuring with or 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 238
JackMiller@GFCIB.com

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