Shahin Yazdi arranged the cash-out refinance of an 80 unit Mobile Home Park located in the Western United States. The Borrower had a maturing loan that the existing lender opted not to renew. Mr. Yazdi only had 40 days to identify an institutional lender and fund the loan before the current loan ballooned. The property was 10% vacant at the time of funding. Demonstrated historical collections were used to make the lender comfortable with the asset performance and Mr. Yazdi leveraged his relationships with the institutional lending community to rush the closing timeframe.
