Gas Station – $2.4 Million
Our borrower was an experienced owner/operator who for three years had unsuccessfully searched for a loan to purchase his site and raze and rebuild his antiquated gas station and convenience store. I.M.S. Investment Funds listened, asked questions and thoroughly understood the unique financing structure this transaction required. Our firm arranged for a $2,400,000 loan that enabled our client’s location to become one of the region’s largest sellers of gasoline and convenience products.
Mid-Construction – $3.1 Million
Our client was in mid-construction on a large single family residence and was under extreme pressure from the city to complete the project which remained stalled for nearly 16 months as he sought funding. I.M.S. Investment Funds reviewed the property’s completed value and restructured the debt and had the junior lien agree to subordinate. Our lender increased his loan amount to $3,100,000 enabling the project to be completed.
Tax Relief – $450,000
The borrowers had severe long term tax issues that negatively affected their ability to obtain a line of credit to advance their business. I.M.S. Investment Funds was contacted by their tax attorney to request a $450,000 loan. I.M.S. Investment Funds procured a business purpose loan on the borrower’s primary residence in 6th position behind two bank loans and two tax liens that now enable the borrowers to expand their business.
