Spectrum Commercial Lending Provides 90% Financing on $11.2M Commercial Real Estate Purchase
Irvine, CA, January 07, 2013 --(PR.com
)-- Spectrum utilized the SBA 504 program in order to help their client receive 90% financing on their $11.2M purchase of their existing 95,000 SF school facility. The client, a school which provides training so that individuals can become aircraft mechanics and technicians had been trying to get financing for months so that they could purchase their existing leased facility. They could not find any traditional lending institution that would help them with this high leverage type financing until they contacted Spectrum. Spectrum was able to work with the client and the SBA in order to overcome many different hurdles which finally allowed the borrower to receive the financing that he was looking for to purchase the commercial real estate and help secure the schools place of business. The client was very grateful to have received the help he did from Spectrum.