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 | Feb 11, 2021 | Blog, Bridge Loan, Commercial Loan News, SBA
Pandemic or not, businesses want to stay in business. Investors want to jump on rare investment opportunities — but how do they do that when the banks shut them out? The answer: they turn to private lenders. But why are people so hesitant when it comes to...
by Dave Dambro | Jan 29, 2021 | Bridge Loan, Commercial Real Estate, What's Closing Now
Memphis, TN This bridge loan on the purchase of an apartment complex did not have the necessary occupancy to get a normal loan, and the client needed to close quickly. The time it took from when the client signed our term sheet to the closing was only a whopping...
by Dave Dambro | Jan 29, 2021 | Bridge Loan, Commercial Real Estate, What's Closing Now
Germantown, TN This was a purchase of an apartment complex with an occupancy lower than 85% – and thus could not qualify for conventional financing. However, we were able to get the deal done with a bridge loan source that closes quickly. Once this...
by Dave Dambro | Feb 20, 2020 | Blog, Bridge Loan, Commercial Loan News
For ComCapFL, 2019 was the year of the Construction and Bridge Loan. Most of these mortgages were conventional, non-SBA, non-government loans — which confirms that not only are we able to secure multi-million dollar non-recourse loans, but we’re able to do...
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...
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