by Dave Dambro | Feb 25, 2021 | Archive, Refinance, What's Closing Now
Brandon, FL This 20-year practicing dentist thought that he finally found his dream office! The bank was all too happy to bury him in a 5-year senior mortgage, with a 5% per year prepayment penalty — and they promised to fund the necessary renovations to convert...
by Dave Dambro | Jan 14, 2021 | Archive, Blog, Commercial Loan News, Commercial Real Estate, SBA
Due to the economic impact of COVID-19, commercial underwriting has become more conservative than ever. While the experience is unlike the financial crisis of 2007, which affected the availability of commercial loans — we are seeing a change in the amount of...
by Dave Dambro | Aug 9, 2019 | Archive, Commercial Real Estate, Refinance
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...
by Dave Dambro | Jun 19, 2019 | Archive, Bridge Loan, Fast Business Loan, What's Closing Now
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...
by Dave Dambro | Jan 12, 2019 | Archive, Commercial Real Estate, SBA
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”...
by Dave Dambro | Dec 31, 2018 | Archive
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...
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