$450,000 – Investor Office Condo Purchase

by Dave Dambro

This young investor wanted to invest in the family business in an unconventional way. He knew one day, he would be given the keys to the 50-year old, family-run insurance business, currently led by his father. As his first investment in his future, he decided to purchase the 2-unit office condo to lease back to the family business until it came time for him to take the reigns. Because it was technically a future owner-occupied business and a Triple-Net (NNN) lease, we were able to secure him a 10/25-yer conventional loan at a great rate of 6.35% – and close the loan in 3 weeks!

The takeaway? We can give special considerations to family members and employees looking for business acquisition loans or commercial real estate transfers. Unlike other banks and lenders, we look at the core of the deal to identify strengths and capitalize on those. If you’re looking to move into the family business or if you are looking to help your boss retire, submit your loan details using our fast, no-document Loan Finder tool or simply call us at (888) 959-1648. Remember, there’s no risk or obligation to explore your options.

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$9,000,000 – Charter Boat Business and CRE Purchase

by Dave Dambro

Fort Lauderdale, FL

A wonderful business broker that we work with sent us this loan, which spent NINE MONTHS trying to find a home amongst multiple lenders. An employee was attempting to purchase a successful charter boat business with its own boats, real estate, docks and boat slips in prime Fort Lauderdale. He was flush with experience… but tight on cash. Because of the challenges of the deal, these lenders tried to arrange the transaction, but no one could get it done. The broker was about to drop the deal — until he ran it by us.

Despite all of the challenges, we were able to secure the buyer a commitment letter within 45 days. We worked with the seller to arrange a combination asset purchase, including stock and cash. As specialists in SBA loans, we were also able to restructure the transaction to comply with SBA loan parameters, securing the best terms possible for our buyer by using a maximum $5 million SBA 7a loan.

What was the big takeaway? Since the buyer was an employee, he carried less risk because he already had experience in the business model and a better chance at success. Even though most underwriters would agree that the buyer didn’t have sufficient liquidity. In this case, they were afforded special consideration.

Bottom line: we connected the dots in ways that the other banks and lenders could not. Where they saw a wall, we found the ladder and got the loan across the finish line. Whether it’s a loan in the hundreds of thousands to the tens of millions — if there is a solution to be found, we will find it and close your loan with the best rates and terms possible (along with our white glove customer service!)

To get started, submit your loan today through our fast, no-document Loan Finder tool or simply call us at (888) 959-1648. Remember, there’s no risk or obligation to explore your options.

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$1,200,000 – Social Services CRE Purchase and Refinance

by Dave Dambro

Melbourne, FL

This business owner ran an adoption agency that helped house families in addition to providing services. For years, she had been putting up her clients in hotel rooms – at a huge annual expense to the business. Luckily, she was able to find a 7-bedroom mixed-use property to alleviate that expense! With tenants in the retail space below, the building helps pay for itself!

In addition to purchasing this loan, the buyer also wanted to refinance her other owner-occupied property at the same time. We were able to do the purchase and a $475,000 refinance using SBA 504 loans (for both, simultaneously!) with 25-year fixed rates under six percent (6%). Now, our success in refinancing and funding the purchase will allow the business to convert its iinvestment and realize an additional six figures in EBIDTA.

Or, as we say – she paid herself to buy the property. This is another example of how owning your own business real estate can significantly increase your business’s profitability!

Want to discuss how we can help you secure an SBA 504 loan? Submit your deal through our risk-free Loan Finder App or give us a call at (888) 959-1648.

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$475,000 – Medical Office CRE Refinance

by Dave Dambro

Margate, FL

Early in this doctor’s career, he encountered a difficult time in his life that hurt his financial credibility and stability. Not only had he declared bankruptcy, he was also going through a divorce and foreclosure. Years later, when he wanted to purchase commercial real estate for his practice, his only available option was a hard money loan. As many know, hard money loans are a last resort and carry high interest rates that can be detrimental to a growing business.

When the doctor came to us, we took a look at the full picture. He had a stable, cash flowing business; adequate liquidity; and had improved his credit to an impressive level. Due to all of these strengths, we were able to refinance his hard money into an amortizing conventional loan at a much lower fixed rate.

The Takeaway: Just because you have a bankruptcy on your record, it doesn’t mean a loan is totally off the table – the details make all the difference. If you’ve been denied from the bank yet have a strong business and decent credit, Commercial Capital Ltd., FL can find a commercial loan for you. Submit your loan details risk-free for a review via our Loan Finder App or give us a call at (888) 959-1648.

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