by Dave Dambro | Oct 14, 2022 | What's Closing Now
Las Vegas, NV This borrower owned a daycare and saw an opportunity to buy another daycare that she knew was being poorly run. Upon expressing interest to purchase the daycare, the seller agreed to give her the business essentially for free, leaving her to purchase the...
by Dave Dambro | Oct 14, 2022 | SBA, What's Closing Now
Orlando, FL This husband-and-wife doctor duo needed a loan to purchase and renovate their dream office. The purchase price was $1 million, and renovations totaled $495,000. Once we rolled in the closing costs, working capital and cost overruns, the final loan amount...
by Dave Dambro | Aug 20, 2022 | Blog, Bridge Loan, Commercial Loan News, Commercial Real Estate, Loan Types, Refinance, SBA
Congratulations! You’re approved! Now what? Whether you’re an investor or a business owner, you are now one step closer to reaching your goals – which can be very exciting! However, this is also a crucial time. With the amount of risk your lender is taking...
by Dave Dambro | Aug 9, 2022 | Commercial Loan News, Commercial Real Estate, What's Closing Now
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...
by Dave Dambro | Aug 9, 2022 | What's Closing Now
A dentist who wanted to start her own dental practice signed our commitment letter on July 11th and had a drop-dead closing date of July 22nd — giving us only ten days to close. To be ready for business, the building needed interior remodeling, which required...
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