Commercial Loan News, Commercial Real Estate, What's Closing Now

$575,000 – ComCap Private Fund – New Construction Rural AirBnB

by Dave Dambro

Rural West Texas

This deal needed to close quickly. They were scheduled close on the property on Tuesday, the 5th of July, but had only submitted their loan request to us on July 1st (that’s right, the Friday before the 4th of July!)

Note: A 10-day extension on the closing was possible IF they could get a commitment by the 5th… otherwise, he would lose the property. But thanks to our private fund, we were able to issue the commitment on the 5th and closed their loan the following week.

In addition to the tight schedule, this particular property was a new-construction house and barn on 36 acres in the middle of Nowheresville, West Texas. The city wasn’t even a true city – it was a “community” with no official resident count (by the satellite photos, maybe 50 people in the town?) However, the property was gorgeous and his goal was to use it as a retreat for people through AirBnB. The borrower had experience in this business and the cash to put down — but had no cash flow in his business and of course, no history of cash flow in the property.

With our private fund, we were able to issue the loan at 50% LTV and escrowed six months of payments.

When we have a special-use vacant property located in a rural area or with no cash flow, we send the deal to our private $20 million fund for consideration. To accommodate for the risk, we simply adjust the LTV. We have gone as high as 90% for strong borrowers with SBA takeouts, and as low as 25% for rural vacant land. If you have a deal that has good collateral but needs to close quickly, send us an inquiry through Loan Finder or give us a call at (888) 959-1648.

What's Closing Now

$315,000 – Private Fund – Building and Renovation (Dental Office)

by Dave Dambro

What's Closing Now

$650,000 – Cash-out Refi – Owner Occupied CRE

by Dave Dambro

Vero Beach, FL

This business owner wanted cash to make building improvements and to take advantage of a sudden opportunity that would help expand his forestry management business. We were able to secure him a 25-year, fixed-rate refinance with cash-out for his free and clear owner-occupied property, helping increase his liquidity while keeping his monthly payments low.

If you’re looking to expand your business and need cash on hand, consider exploring your refinancing options with Commercial Capital Ltd, FL. We’re a nationwide business with a local office touch! There’s no risk or obligation to explore your options today. Try our Loan Finder to to find the right commercial loan for your requirements, or give us a call at (888) 959-1648.

Commercial Real Estate, Refinance, What's Closing Now

$1,300,000 – Cash-out Refi – SFR Portfolio

by Dave Dambro

Brevard County, FL

This client had a very conservative relationship with debt. His whole life, he was taught that debt was “bad” – so when he purchased the 14 properties in his portfolio, he made sure that they were all paid off and cash-flow positive. However, this kept him paper rich and cash poor — which was making it difficult for him to compete when putting in offers for new properties.

Our challenge, first and foremost, was to change his understanding of what a mortgage can be. When treated properly, a mortgage is leverage – not purely debt. With the right guidance, a smart investor utilizes his leverage to consistently enhance his portfolio.

To keep it conservative, we advised him to do a 60% LTV loan — which is reasonably low leverage — to keep his payments low and manageable in case the market took a turn.

If you’re looking to expand your portfolio and need cash, contact our experts to see which options are available to meet your needs and future goals. Not all loans are created equal – and that’s why it’s essential that you partner with a lender who has your best interests at heart. There’s no risk or obligation to simply explore your options — so try our Loan Finder today to see your results in minutes, or give us a call at (888) 959-1648.

Refinance, What's Closing Now

$700,000 – Cash-out Refi & Purchase- SFR Portfolio

by Dave Dambro

Vero Beach, FL

By word of mouth, this investor found an opportunity to add two more off-market properties to her rental portfolio. The issue? She needed some cash on hand for down payments and liquidity requirements.

To accomplish her goals in the most efficient way possible, we leveraged one of her properties into a 30-year, fixed-rate refinance with cash-out. This kept her monthly payments low and allowed her properties to still cash flow. She then used that cash to purchase two homes: one that she kept to add to her rental portfolio and one that she plans to fix and flip. When all is said and done, she will recoup her entire principal — plus own an additional rental property and make a profit!

Maintaining a positive cash flow when refinancing in this market can be tricky! The three best ways to do this are to:

Put a little more money down (this means there’s less of a loan to pay off = lower monthly payments)
Choose a Hybrid Loan – which affords a lower payment in the first 3,5,7 or 9 years (depending on your choice) while riding out the changes in interest rates
Don’t over-leverage (try backing the leverage down by 5% and see how that affects the rate!)

In this market, smart investors are looking for off-market opportunities, fixer-uppers or distress properties. That is why you MUST be ready with cash – because you never know when the right opportunity will fall into your lap. If you’d like to explore your options to do a cash-out refinance on your investment portfolio, then try our Loan Finder tool or call us at (888) 959-1648 today. There’s no risk or obligation to explore your options!

SBA, What's Closing Now

$2,600,000 – SBA Loan – Employee Buyout

by Dave Dambro

Melbourne, FL

Our client spent his entire adult life working for a very successful restaurant in town, so when the owner was ready to sell – he stepped up to buy. The only challenge was that he wanted to finance the deal immediately following a period of time when restaurant properties took a big hit.

Despite pandemic cash-flow challenges in 2020, we were able to prove a pattern in the financials to show a continued future trend of growth for the business. That along with the buyer’s good credit, great experience, and some money down, this new restaurant owner will not only carry on the legacy, but will also do so using the cheapest money available with an SBA Loan – before rates go up for good!

If you’re motivated to take the next step towards ownership, give us a call. It is very important to consult with a professional that you trust not only to help you with the loan process, but to strategize and select the best money to suit your future. To get started on qualifying for your employee/partner buyout loan today, contact ComCapFL through our website or by calling us at (888) 959-1648. There’s no risk or obligation to explore your options!

Commercial Loan News, Commercial Real Estate, What's Closing Now

$1,495,000 – Acquisition and Rehab for Medical Office

by Dave Dambro

Orlando, FL

This was a purchase and renovation by a husband-and-wife doctor duo. Both the husband and the wife had multiple entities, making this a rather large loan file to process (which is no problem for our ComCap Team!) The purchase price of the office building was $1 million, while the necessary rehab and renovations totaled an additional $495,000. Rolling in final closing costs, working capital and cost overruns, the final loan amount was $1,443,200 — which we closed in 45 days!

We love working with doctors and dentists. If you’re looking to grow, buy, or sell your practice, call us today at (888) 959-1648 or email us at info@comcapfl.com to get your next loan closed! There’s no risk or obligation to explore your options today.

Commercial Real Estate, What's Closing Now

$7,100,000 Cash-out Refi for Complete Renovation

by Dave Dambro

Atlanta, GA

The iconic “Peach” building in Atlanta, Georgia has long been an unfinished eyesore in the Peachtree/Buckhead neighborhood. What started off as an office building in the 1960s was later repurposed into unique art-deco apartments, but the funding fell through before the project could be completed. Thus, it stood there, completely abandoned for more than a decade. That was until a new development firm decided to call the team at Commercial Capital.

With zero lease contracts, we were still able to secure this building’s financing at more than $7 million and close it, in ONLY 6 DAYS!

Complicated deal? Let us take a risk-free look by calling us at (888) 959 1648 or email us at info@comcapfl.com.

What's Closing Now

$618,750 – Refinance – Multifamily

by Dave Dambro

Napa Valley, CA

For this returning client, we were tasked with figuring out a refinance with challenges. The goal was to stabilize a recently-purchased rental property, but the cash flow as it stood would not support a cash-out refinance. With a little creative strategizing, we were able to place her with a 25-year fixed-rate amortizing loan with a 2-year prepay penalty. This allowed her time to remodel, stabilize the property, and make some payments for an operating statement – so that in the near future, we can secure for her a cash-out refinance permanent loan to recoup the investment and purchase more property!

Complicated loan requirements? Let’s put our heads together. Give us a call at (888) 959-1648 or email us at info@comcapfl.com.

What's Closing Now

$2,595,000 – No-Collateral SBA Loan – Tech Company

by Dave Dambro

Headquartered in Florida

Our client, a VOIP network owner-operator, is way ahead of the game with more than 4 U.S. Business Patents on their technology. This VOIP company raised $3 million in private equity to turn their network into cloud-based system – reducing overall business cost. At this point, they wanted to refinance because they had to pay a whopping 12.5% to private equity. They have no real estate, several employees but not many… which makes this a “risky” loan on first glance. We call this an AIRBALL – if business stopped tomorrow, what does lender have left? Tech? But how would they use it?! We were able to do it only with an SBA 7a, only today/these times, only here at ComCapFL -No down payment, just a straight business loan despite no collateral.

Complicated deal? Let’s put our heads together and strategize for your commercial property’s future. Give us a call today at (888) 959-1648 or email us at info@comcapfl.com.

$575,000 – ComCap Private Fund – New Construction Rural AirBnB

Rural West Texas

$315,000 – Private Fund – Building and Renovation (Dental Office)

$650,000 – Cash-out Refi – Owner Occupied CRE

Vero Beach, FL

$1,300,000 – Cash-out Refi – SFR Portfolio

Brevard County, FL

$700,000 – Cash-out Refi & Purchase- SFR Portfolio

Vero Beach, FL

$2,600,000 – SBA Loan – Employee Buyout

Melbourne, FL

$1,495,000 – Acquisition and Rehab for Medical Office

Orlando, FL

$7,100,000 Cash-out Refi for Complete Renovation

Atlanta, GA

$618,750 – Refinance – Multifamily

Napa Valley, CA

$2,595,000 – No-Collateral SBA Loan – Tech Company

Headquartered in Florida

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