LFB successfully arranged the financing for the refinance and cash out of a vacation/retreat rental portfolio scattered amongst the communities of Bigfork, Whitefish, and Polson, Montana. The financing allowed for the payoff of the underlying loans equal to $1,190,000, with the balance paid out to the client to be used on property improvements and construction related expenses. The properties are often rented for retreats, family reunions, or other business related endeavors. The challenge was the remote location of each, and the speed at which the financing had to be put in place due to the need to start construction prior to winter. LFB was able to locate a lender who could not only provide the necessary financing in time, but who could understand and appreciate the remote nature of each property.
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