Warehouse Purchase – Retailer in Austin Location: N Lamar , SF : 6,260 SF  Time to complete 3 Months

This purchase required creativity and an outside of the box approach because the Buyer-Owner could not obtain direct financing right away due to the lender’s criteria in underwriting. Shire Commercial provided an interim financing solution that allowed the Buyer to occupy the warehouse property for 18 months while the business financing issues cleared with time. Permanent financing was completed and the full sale of the property occured in August of 2013.

 

Warehouse Purchase Completed