Radix Funds $1,685,000.00 for Property Acquisition, Debt Refi and Working Capital for small law firm
When the owner of a successful law firm wanted to purchase an office building for $1,350,000, he turned to Radix for help. He did not want to put all of his free cash into a down payment and drain his working capital reserves -- especially when he already had $112,000 of high-rate debt on the books.
This type of transaction is Radix’s bread and butter. Not only were we able to help this lawyer purchase the building, which saved him thousands of dollars per month in rent, we were able to refinance his earlier debt. Radix even helped him secure an additional $360,000 in working capital, all in the a single transaction! At the end of the day, we funded $1,685,000 - including only $135,000 as a down payment. This borrower ended up with more than double the working capital he started with.
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