by Dave Dambro | Dec 10, 2018 | Archive, Commercial Real Estate
Cocoa, FL This property was not your typical apartment property, but rather a “one-off” building (meaning some amenities of a typical apartment building were unavailable, which banks don’t particularly like to finance…) We were able to finance...
by Dave Dambro | Dec 1, 2018 | Archive, SBA
Refinance – Industrial A 25-year-old family business ran into a wall with the bank. The bank called their note post-recession just as their real estate collateral value dropped. The pressure was on and business was slow. What the business did not know is that...
by Dave Dambro | Jun 1, 2018 | Archive, Commercial Real Estate, Refinance
Stuart, FL Blanket refinance loans are powerful and convenient because it can cover multiple single family residences (aka SFRs) in one loan. This investor had individual mortgages on 8 different SFRs and all of them were coming to term. To add fuel to the fire, not...
by Dave Dambro | Feb 21, 2018 | Archive, Commercial Real Estate, Refinance
West Palm Beach, FL Financing a gas station is tricky: it’s part business, part commercial property. Typically, banks don’t like working with gas stations because of the business risks, hazards and the potential for land contamination. This particular gas...
by Dave Dambro | Jan 12, 2018 | Archive, Commercial Real Estate, Refinance
Riviera Beach, FL What happens when you try to do a cash-out refinance of a five-unit apartment, three quads and four duplexes? Usually, the bank scratches their head and says “no”. We did a blanket, cash-out refinance loan on all these properties,...
by Dave Dambro | Jan 1, 2018 | Archive, SBA
Miami, FL Only 3 years after purchasing the CRE for his practice, this medical professional/building owner was buried in debt. The bank said NO to any additional funds. We said “Yes” with an SBA 7a loan for debt consolidation and expansion to build out an...
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