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What’s Closing Now

What's Closing Now

$650,000 – Cash-out Refi – Owner Occupied CRE

by Dave Dambro

Vero Beach, FL

This business owner wanted cash to make building improvements and to take advantage of a sudden opportunity that would help expand his forestry management business. We were able to secure him a 25-year, fixed-rate refinance with cash-out for his free and clear owner-occupied property, helping increase his liquidity while keeping his monthly payments low.

If you’re looking to expand your business and need cash on hand, consider exploring your refinancing options with Commercial Capital Ltd, FL. We’re a nationwide business with a local office touch! There’s no risk or obligation to explore your options today. Try our Loan Finder to to find the right commercial loan for your requirements, or give us a call at (888) 959-1648.

 

Commercial Real Estate, Refinance, What's Closing Now

$1,300,000 – Cash-out Refi – SFR Portfolio

by Dave Dambro

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 — 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.

Refinance, What's Closing Now

$700,000 – Cash-out Refi & Purchase- SFR Portfolio

by Dave Dambro

Vero Beach, FL

By word of mouth, this investor found an opportunity to add two more off-market properties to her rental portfolio. The issue? She needed some cash on hand for down payments and liquidity requirements.

To accomplish her goals in the most efficient way possible, we leveraged one of her properties into a 30-year, fixed-rate refinance with cash-out. This kept her monthly payments low and allowed her properties to still cash flow. She then used that cash to purchase two homes: one that she kept to add to her rental portfolio and one that she plans to fix and flip. When all is said and done, she will recoup her entire principal — plus own an additional rental property and make a profit!

Maintaining a positive cash flow when refinancing in this market can be tricky! The three best ways to do this are to:

  1. Put a little more money down (this means there’s less of a loan to pay off = lower monthly payments)
  2. Choose a Hybrid Loan – which affords a lower payment in the first 3,5,7 or 9 years (depending on your choice) while riding out the changes in interest rates
  3. Don’t over-leverage (try backing the leverage down by 5% and see how that affects the rate!)

In this market, smart investors are looking for off-market opportunities, fixer-uppers or distress properties. That is why you MUST be ready with cash – because you never know when the right opportunity will fall into your lap. If you’d like to explore your options to do a cash-out refinance on your investment portfolio, then try our Loan Finder tool or call us at (888) 959-1648 today. There’s no risk or obligation to explore your options!

SBA, What's Closing Now

$2,600,000 – SBA Loan – Employee Buyout

by Dave Dambro

Melbourne, FL

Our client spent his entire adult life working for a very successful restaurant in town, so when the owner was ready to sell – he stepped up to buy. The only challenge was that he wanted to finance the deal immediately following a period of time when restaurant properties took a big hit.

Despite pandemic cash-flow challenges in 2020, we were able to prove a pattern in the financials to show a continued future trend of growth for the business. That along with the buyer’s good credit, great experience, and some money down, this new restaurant owner will not only carry on the legacy, but will also do so using the cheapest money available with an SBA Loan – before rates go up for good!

If you’re motivated to take the next step towards ownership, give us a call. It is very important to consult with a professional that you trust not only to help you with the loan process, but to strategize and select the best money to suit your future. To get started on qualifying for your employee/partner buyout loan today, contact ComCapFL through our website or by calling us at (888) 959-1648. There’s no risk or obligation to explore your options!

Commercial Loan News, Commercial Real Estate, What's Closing Now

$1,495,000 – Acquisition and Rehab for Medical Office

by Dave Dambro

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 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.

 

Commercial Real Estate, What's Closing Now

$7,100,000 Cash-out Refi for Complete Renovation

by Dave Dambro

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 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.

What's Closing Now

$618,750 – Refinance – Multifamily

by Dave Dambro

Napa Valley, CA

For this returning client, we were tasked with figuring out a refinance with challenges. The goal was to stabilize a recently-purchased rental property, but the cash flow as it stood would not support a cash-out refinance. With a little creative strategizing, we were able to place her with a 25-year fixed-rate amortizing loan with a 2-year prepay penalty. This allowed her time to remodel, stabilize the property, and make some payments for an operating statement – so that in the near future, we can secure for her a cash-out refinance permanent loan to recoup the investment and purchase more property!

Complicated loan requirements? Let’s put our heads together. Give us a call at (888) 959-1648 or email us at info@comcapfl.com.

What's Closing Now

$2,595,000 – No-Collateral SBA Loan – Tech Company

by Dave Dambro

Headquartered in Florida

Our client, a VOIP network owner-operator, is way ahead of the game with more than 4 U.S. Business Patents on their technology. This VOIP company raised $3 million in private equity to turn their network into cloud-based system – reducing overall business cost. At this point, they wanted to refinance because they had to pay a whopping 12.5% to private equity. They have no real estate, several employees but not many… which makes this a “risky” loan on first glance. We call this an AIRBALL – if business stopped tomorrow, what does lender have left? Tech? But how would they use it?! We were able to do it only with an SBA 7a, only today/these times, only here at ComCapFL -No down payment, just a straight business loan despite no collateral.

Complicated deal? Let’s put our heads together and strategize for your commercial property’s future. Give us a call today at (888) 959-1648 or email us at info@comcapfl.com.

Refinance, What's Closing Now

$945,000 – CRE Refi – Retail

by Dave Dambro

Kissimmee, FL

This business owner originally purchased a business and its building with private/owner financing. After paying off and selling the business, he wanted to obtain a permanent loan to pay off the rest of the building. The building was pretty strong – a retail property with a single tenant, great location on a major highway… that is, until the pandemic hit. Since Kissimmee’s economy relies heavily on tourism that overflows from the Disney area, businesses were highly effected and commercial building values collapsed.

Even though the business was strong (pawn shop) all of the properties around them had reduced rents so they got a bad appraisal. Despite the lowball appraisal, we were able to close this “undesirable” business type* with relatively little cash down, with a 30-yr fixed rate on a great loan!

(Typically, “cash businesses” such as pawn shops are considered by government agencies and most banks to be undesirable because the cash flow isn’t easily traceable.)

Commercial Real Estate, What's Closing Now

$543,750 – CRE Purchase

by Dave Dambro

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.

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