Refinance of a 12,860 SF Multi-tenant Retail Property
Paradigm Capital, a nation-wide, private commercial real estate bridge lending firm, is pleased to announce that it has funded a $1,100,000.00 1st mortgage, for the refinance of a 12,840 SF, 100% leased Retail Property on the Miller Hill Corridor in Duluth, MN. Our Borrower’s existing first mortgage was coming due, rather than run the risk of pushing up against his maturity date, he secured short-term financing from Paradigm to provide ample time to place conventional financing.
"Paradigm was able to provide creative and flexible structuring and reliable closing process which accommodated the time frame and financing needs of our Borrower." - David Kushner, President of Paradigm's lending arm, Paradigm Credit Corp.
Find more information at www.paradigmcf.com