$2.5 Million Loan Meets Closing Deadline
Our client was an established operator of multiple gas stations and convenience stores. After more than 2-months and just five days before he was to close, his bank declined to finance the corner parcel of unentitled raw land, putting his $400,000 non-refundable deposit at risk. NEF came to the rescue and funded $2,500,000 in time to meet the closing deadline.