The process of commercial loan borrowing is intricate, and costs a lot of time and money. Before applying for a loan, consider these tips to better prepare yourself for what’s to come! Tip #1: There are a multitude of rates and options – and they’re not always available at your corner bank. Unlike with residential…
Continue reading What to Know Before You Apply for a Commercial Loan
A nation at home. Unemployment in record numbers. Businesses closing for good. What does the immediate future of lending look like in a post-COVID-19 world?
For ComCapFL, 2019 was the year of the Construction and Bridge Loan. Most of these mortgages were conventional, non-SBA, non-government loans – which confirms that not only are we able to secure multi-million dollar non-recourse loans, but we’re able to do so with an incredibly fast turnaround. For example: Last week, we closed on a $3.7MM…
Continue reading 2019: A Huge Year for Construction & Bridge Loans
St. Lucie County, FL This investor was post-divorce and needed a liquidity solution, fast… but the cards were stacked against him. Even though he had a full portfolio of SFR’s, the bank still couldn’t consider this loan. The income property was worth far more than the cash flow supported, which made the deal difficult. However,…
Continue reading $1,288,500 Conventional Cash-out Refi, “No Doc”
Melbourne, FL A fast closing was essential for a 40 year-old, stabilized government contractor. They called their own bank for a CRE cash-out refinance loan on their office property – a pristine piece of CRE collateral with less than $100K left on the original mortgage balance. After 3 months of “lip service” and wasted time,…
Continue reading $3,968,750 – Term/Bridge Loan – Gov. Contractor
Refinancing your commercial loan as it approaches its term is a smart money move for your business. As our unpredictable market continues and interest rates keep climbing, locking down a good loan to help you grow your business for years to come is crucial. If you’ve been dragging your feet, consider these top 3 “Reasons…
Continue reading Refinancing: The 4 Cardinal Components
Refinancing can not only ease the financial burden on your business, but it can also open up a whole new world of possibilities-if you’re a savvy investor. While the banks want you to take their cut-and-dry deal (if they can even offer you one,) it’s in your best interest to be prepared by examining all…
Continue reading Refinancing: 5 Additional Considerations the Bank Hopes You Overlook
Augusta, GA Another client of ours, a dentist, was using his personal credit cards for his business expenses. Because of this, the client had a personal FICO score lower than 600. With a low FICO, no lender could close any loans for this client. This is something we see often in early-stage businesses. Using a…
Continue reading $242,000 Term Loan/SBA – Dental Office Construction
Rohnert Park, CA This dentist needed capital for her practice startup with commercial real estate. An SBA 7a loan covered it all! The banks said NO for more than two years before she was referred to Commercial Capital Ltd., FL. We were able to say “Yes” when the banks couldn’t – again.
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…
Continue reading $700,000 Line of Credit – Physician’s Practice 
