The borrower leases the 3069 E Williams Field Rd., Gilbert, AZ property to Gateway Autobody and has for over 20 years. The property was recently rehabilitated to completion, which includes new machinery, doors, facilities, and overall structural improvements. This transaction is a refinance to pay off current liens associated with this specific construction.
The refinance will consolidate debts, and result in a monthly savings of approximately $2,000 per month for the borrower. Additionally, the property is located near a major highway in a growing commercial district.