New Industrial Warehouse space in North Las Vegas in a newer industrial park in North Las Vegas. The borrower moved her cosmetic business from 3 separate locations in Los Angeles to one warehouse in North Las Vegas as her business was expanding and the cost of doing business in CA became cost prohibitive.
The borrower purchased this location in a white shell state and will be putting in some office. Brokers in the area have stated there are very few options to purchase buildings and the trend is continuing for the foreseeable future. The borrowers Broker knew to call SFG when her commercial lender needed the Q3 and Q4 financials before committing to a loan on the property. Q1 and Q2 were fantastic and SFG was there to give her the time she needed before getting the bank loan.