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 on in issuing the loan, there are bound to be…
Continue reading 6 Tips for Closing Your Loan, FAST
Rural West Texas This deal needed to close quickly. They were scheduled close on the property on Tuesday, the 5th of July, but had only submitted their loan request to us on July 1st (that’s right, the Friday before the 4th of July!) Note: A 10-day extension on the closing was possible IF they…
Continue reading $575,000 – ComCap Private Fund – New Construction Rural AirBnB
Brevard County, FL 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 –…
Continue reading $1,300,000 – Cash-out Refi – SFR Portfolio
Orlando, FL 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…
Continue reading $1,495,000 – Acquisition and Rehab for Medical Office
Atlanta, GA 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…
Continue reading $7,100,000 Cash-out Refi for Complete Renovation
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…
Continue reading $543,750 – CRE Purchase
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 18 days! NOT business days, actual calendar…
Continue reading $1,950,000 – Bridge Loan – Apartment Complex
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 proven operator restores the building to full occupancy, it will be easy…
Continue reading $2,000,000 – Bridge Loan – Multifamily Acquisition
Athens, TX This was a purchase of two separate car washes in two different locations. We were able to combine the acquisition of both locations under one bridge loan/mortgage and put them in a great program that gave them competitive rates and terms! Looking to purchase a special-use property? Give us a call today at…
Continue reading $480,000 – Bridge Loan – Purchase of 2 Car Washes
Bradenton, FL This was a simple purchase of an industrial condo in Florida from one family member to another. We found the right program to help the clients purchase the property quickly & have a smooth closing. If you’re looking to purchase a property, give us a call at 888-959-1648!
