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These clients were in need of somewhat quick purchase of a good-looking retail strip mall, but were mainly looking for aggressive rates. We accepted the challenge – and found the right program for them based off their strengths and weaknesses on the deal. In the end, we were able to secure them a 4.5% rate on this deal!
As always, we caution our clients to look at the big picture, and not just focus on the rates. There is always a strategy to fit your requirements, and our loan specialists at Commercial Capital Ltd, FL have the experience and background to help you analyze all of the variables and help your business come out stronger with the best loan possible. If you would like to explore your options today and discuss your strategy with a commercial loan specialist, try our fast no-document Loan Finder App or give us a call at (888)959-1648.
Typically, we do not do residential deals unless it is a portfolio or subdivision development consisting of more than five homes in the deal. However, this deal had several homes being developed in a great area! The client had already finished the horizontal infrastructure on the property and just needed additional capital to go vertical and complete the project.
Thanks to the collateral and experience of the borrower, we were able to get the deal done. If you have a portfolio or subdivision development deal, just give us a call at (888)959-1648 or send us the details through our fast Loan Finder App to run the deal by us!
This client had a very conservative relationship with debt. His whole life, he was taught that debt was “bad” – so when he purchased the 14 properties in his portfolio, he made sure that they were all paid off and cash-flow positive. However, this kept him paper rich and cash poor — which was making it difficult for him to compete when putting in offers for new properties.
Our challenge, first and foremost, was to change his understanding of what a mortgage can be. When treated properly, a mortgage is leverage – not purely debt. With the right guidance, a smart investor utilizes his leverage to consistently enhance his portfolio.
To keep it conservative, we advised him to do a 60% LTV loan — which is reasonably low leverage — to keep his payments low and manageable in case the market took a turn.
If you’re looking to expand your portfolio and need cash, contact our experts to see which options are available to meet your needs and future goals. Not all loans are created equal – and that’s why it’s essential that you partner with a lender who has your best interests at heart. There’s no risk or obligation to simply explore your options — so try our Loan Finder today to see your results in minutes, or give us a call at (888) 959-1648.
This was a purchase and renovation by a husband-and-wife doctor duo. Both the husband and the wife had multiple entities, making this a rather large loan file to process (which is no problem for our ComCap Team!) The purchase price of the office building was $1 million, while the necessary rehab and renovations totaled an additional $495,000. Rolling in final closing costs, working capital and cost overruns, the final loan amount was $1,443,200 — which we closed in 45 days!
We love working with doctors and dentists. If you’re looking to grow, buy, or sell your practice, call us today at (888) 959-1648 or email us at info@comcapfl.com to get your next loan closed! There’s no risk or obligation to explore your options today.
The iconic “Peach” building in Atlanta, Georgia has long been an unfinished eyesore in the Peachtree/Buckhead neighborhood. What started off as an office building in the 1960s was later repurposed into unique art-deco apartments, but the funding fell through before the project could be completed. Thus, it stood there, completely abandoned for more than a decade. That was until a new development firm decided to call the team at Commercial Capital.
With zero lease contracts, we were still able to secure this building’s financing at more than $7 million and close it, in ONLY 6 DAYS!
Complicated deal? Let us take a risk-free look by calling us at (888) 959 1648 or email us at info@comcapfl.com.
Merritt Island, FL
Part of this pharmacy’s success was its prime location on the corner of a busy commerce location. When the building’s owner wanted to sell, the established pharmacy had to make a decision – purchase the location that their customers had been going to for 8 years, or risk putting their business in jeopardy. Once they put in a bid, the pharmacy needed funding FAST in order to close the deal. Even with multiple business owners, we were able to get this fixed-rate loan done quickly – in 30 days – to secure their prime location and save their business.
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 18 days! NOT business days, actual calendar days! Bridge loans are a great alternative when you need speed and flexibility. Count on us to have the best hard money and bridge loan sources in the country.
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 proven operator restores the building to full occupancy, it will be easy to move this loan into a conventional loan. These are the easiest bridge loans for us to do and we can really perform well on these anywhere in the country. Give us a call at 888-959-1648 on your next apartment deal, we can get it done for you!
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