With PFH, the quality of the property is more important than the credit of the Borrower. PFH can finance bank workouts, foreclosures, bankruptcies, and many other situations involving commercial real estate. PFH recognizes the importance of speed, and that loans must often be structured around each client's unique set of financial circumstances. We have experience in bankruptcies, foreclosures, retail and residential development, and management of commercial buildings. Because we have no committees, or red tape, PFH has the ability to close loans quickly without the hassle of voluminous paperwork or numerous meetings.
Closings typically take place within two weeks.
Often, we are able to close without the borrower paying the high cost of new appraisals. Some environmental issues existed. Buyer about to lose deposit under time is of the essence clause. Funds were used for site work.