Pioneer Financial Group, LLC recently placed financing in the amount of $1.25 million. Managing member Sean Jasie worked with a local bank on behalf of the client.
The client needed a loan to buy out an existing partner on the subject property, 92 - 94 Gore St. The property is comprised of four large condos. Each of the units is over 2,000 s/f with four bedrooms and two and a half baths. The property was built new less than ten years ago. The borrower also needed funds to pay down another existing partnership mortgage at closing.
"We leveraged an existing bank relationship from another recent transaction for this client. The lender was pleased with the existing relationship and proved it could move quickly, while also handling such a unique situation," said Jasie.
Pioneer Financial Group is a commercial finance company headquartered in Quincy, MA that offers brokerage, consulting, appraisal and insurance capabilities to commercial clients in need of financing.