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Monthly Archives

December 2018

Archive, What's Closing Now

$700,000 Line of Credit – Physician’s Practice

Vero Beach, FL

At the time that this doctor’s mortgage was about to term, the value of his collateral and real estate had significantly depreciated. Because of this, the bank denied his loan request, leaving him without collateral and without many options — until he came to ComCapFL.

Using his stock portfolio, we were able to set him up with a line of credit, secured not by his business collateral or real estate, but by his securities. (Note: the doctor did not have to SELL his stocks!) This loan, which functions similar to a Bridge Loan, allowed the doctor to free up enough cash to pay down the depreciated loan value AND refinance his property at the lower valuation with prime rates.

Surprise ending: after the line of credit and refinance, the doctor had his property reappraised — and actually got his money back!

Have an loan issue that seems impossible to solve? Call our experts today and see what kind of solutions are available to you (that the banks deny exist!)

Commercial Real Estate

$700,000 – CRE Purchase – Apartment Building

Cocoa, FL

This property was not your typical apartment property, but rather a “one-off” building (meaning some amenities of a typical apartment building were unavailable, which banks don’t particularly like to finance…)

We were able to finance the purchase with a fixed-rate, conventional purchase loan with cash out, which also provided extra capital for a new roof.

Even if you have an oddball property type, we have solutions for virtually every stabilized building. Typically, the rate difference between our lenders and the bank is only around 1%-2%! The important difference is that WE CLOSE on these properties when the bank won’t!

Archive, SBA, What's Closing Now

$1,144,500 SBA Restructure, Refi CRE – Manufacturing Co

Refinance – Industrial

A 25-year-old family business ran into a wall with the bank. The bank called their note post-recession just as their real estate collateral value dropped. The pressure was on and business was slow.

What the business did not know is that the SBA is also tasked with saving good, solid businesses that hit a rough patch as a result of the economy. They do this all in the interest of protecting and preserving jobs and protecting our small business economy – which is the lifeblood of America.

We solved their problems by consolidating their debt, restructuring and refinancing their commercial real estate and equipment. We also secured financing to provide working capital to catch up on their past-due vendor accounts in order to continue expanding production. Because of these SBA loans, the company was able to stabilize, resume production and carry on their legacy.

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