Refinance prevented current note holder from initiating the foreclosure process.
FSCA persistently pursued opportunities for 12+ months to find the client the right debt solution.
Assignment required FSCA to navigate through multiple credit, timing, and asset related challenges.
Short-term refinance will drastically improve client's cash flow and allow them the flexibility to place permanent debt on the property.
REFINANCE OF MEDICAL OFFICE
Franklin Street is pleased to announce the refinance of a premier built-to-suit surgery and medical facility located in Tampa, FL. Due to challenging nature of the financing request, this asset required a unique lending partner that could get comfortable with a difficult situation. Through focused persistence, FSCA was able to place this debt with a non-traditional local lending partner who understood the story and the borrower's objective. Franklin Street took on the role as a financial consultant for this client and helped them avoid a potential foreclosure by not only finding a new lending partner but also negotiating the take-out of the in-place debt. Ultimately, this transaction will allow the client to focus on the operating business, improve cash flows, and refinance into permanent financing in the future. Franklin Street's ability to work through an unconventional situation and come up with a creative solution, allowed all parties of this transaction to walk away satisfied.
