Acquisition: Funeral Home

Funeral Home Borrows $280,000 for Acquisition

The owner of a south New Jersey funeral home was also operating a second funeral home in another town on behalf of the estate of the deceased owner. He was offered the opportunity to purchase that funeral home (as well as the building in which it operated) from the estate. However, the borrower’s bank could not meet the estate’s deadline to complete the purchase. Oak Leaf Financial was instrumental in working with the buyer and the estate’s attorney to provide the borrower with a loan on the commercial property, enabling the purchase to occur before the deadline.