by Dave Dambro | Mar 14, 2023 | What's Closing Now
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,...
by Dave Dambro | Mar 14, 2023 | What's Closing Now
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...
by Dave Dambro | Mar 14, 2023 | What's Closing Now
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...
by Dave Dambro | Mar 8, 2023 | Blog
As we’ve previously discussed, commercial lending is a subjective business, and every lender has their own opinion on borrower strength. However, we can all agree that it takes a combination of the 5 C’s of Lending: Credit, Collateral, Capacity, Conditions...
by Dave Dambro | Jan 4, 2023 | Blog
With the prime rate at 7.5% at the start of 2023, even the “best” interest rates in commercial may not be worth locking into a permanent loan. When rates have been historically low – as in the range of 4% for the last decade – it may be unwise...
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