Description

Two commercial properties in Marietta, GA received commercial cash-out refinancing of $2.3 million, for an 18-month term at 8.99%. The buildings at 121 and 132 Bells Ferry Ln. are valued at $3.3 million, and were built in 1991 with the last renovation completed in 2020. The generational family business manufacturers fireplace kits, supplies and accessories, with about 71% of their current premises owner-occupied. This loan will allow them to purchase another industrial property in support of the growing operations of their business.