Case Studies: Big Lots
Pulling Out All the Stops to Meet an Urgent Financing Request in Under 24 Hours
1475 11th Avenue NW
Issaquah, WA 98027-5319
We provided financing to M&M Rafizadeh Family LLC for the acquisition of the 37,500 SF Big Lots store in the heart of Issaquah's retail core. The Big Lots retail store is conveniently located in Issaquah's Pickering Place Center.
"This deal highlights The Benaroya Company’s remarkable speed with underwriting completed, documents prepared and funds delivered in under 24 hours from loan request in order to meet the borrower’s purchase deadline."
With the closing date two days away, the traditional lender notified the Buyer they would be unable to close on time. The seller’s broker Dino Christofolis of CBRE on behalf of the M&M Rafizadeh Family LLC contacted The Benaroya Company and asked for our help in providing short-term financing of the 32,380 SF Big Lots store.
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