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Art Theater Loan • Long Beach, CA
Revitalization takes time coupled with a vision from business owners and a bank. Two passionate Long Beach residents had the vision to revive the last independent Long Beach theater in a neighborhood where 50 theaters had once competed.
This passion project started in 2008, in the midst of the Great Recession, when many banks were tightening lending policies. In the best of times an art theater is a challenging investment, but in 2008 it was one that nearly every bank avoided, especially with a loan amount of over $1 million.
F&M Bank recognized the passion the two borrowers had and provided them a loan despite the challenging economy. F&M and the borrowers worked together through a variety of economic challenges as the vision was for the Art Theatre of Long Beach to become the centerpiece of the 4th Street Retro-Row revival, which today, it truly has become.
A Custom-Tailored Solution
Our specialized Commercial Relationship Manager worked with all parties to establish a relationship to withstand both profitable and challenging times. The initial loan for $1 million featured no prepayment penalties and has since been refinanced with their reduction of balance to create an optimized solution for their non-profit.
F&M Bank offers a wide array of commercial products and can create a tailored solution to help with your commercial lending needs.
- Commercial Property Purchase and Refinance
- Construction Loans
- Owner-occupied and Investment
- Retail, Industrial, and Mixed-Use
- On-Site Decision Making for Fast Answers
- Non-Profit and Houses of Worship
- No Prepayment Penalties
- No-Point Options Available
- Competitive Rates and Terms
C.J. Walker founded Farmers & Merchants Bank more than years ago based on the principles of Honesty, Integrity, The Home, The Church, and Service Above Self. Today, Fourth Generation Chairman of the Board and CEO Daniel K. Walker, his brother President W. Henry Walker and their father Kenneth Walker, President of the Main Office, manage the Bank.
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has $9.4 Billion in assets, and 25 branches across Orange County, Long Beach, the South Bay and Santa Barbara. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts.
Following the Walker tradition of giving back to the community, the Bank continues to donate over $2 million each year to charities, non-profit organizations, and religious entities.All loans are subject to credit approval.
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