Borrower Service: With hundreds of lending sources and in-house underwriting expertise, if your loan is finance able, we will get it done. 9/2014 – $6.3 million Ski Resort: The Client was looking to refinance their existing ski resort out of an SBA 7A loan with a higher variable interest rate, and was also interested in getting additional capital to make improvements to the property. The commercial loan industry is most often accessed through brokers, who provide an evaluation of a borrower and then recommend the loan to a number of different commercial lenders whom they feel will be most likely to fund the borrower’s request. We facilitate many types of credit facilities, including: Term Loans—Secured and Unsecured These credit facilities can provide funding for general corporate purposes, including working capital, capital expenditures, acquisitions, and recapitalizations. We were able to structure and SBA 7A loan to refinance all of their existing equipment debt as well as fund the purchase of the new businesses with only 10% equity into that purchase a portion of which came back to the Client in working capital. 6/2014 – $600,000 Retail Building: Client owned a partially owner-occupier retail building they needed to refinance because their existing first mortgage was maturing and their existing lender was refusing to renew the loan. When the client company demonstrates reliable cash flow over two or more years, the lender evaluates the client’s ability to repay the requested loan. Commercial Loans For Entrepreneurs Sluggish economic environments frustrate high-growth companies. Ranked the most popular commercial mortgage portal by The client advises the lender about business changes or short-term cash flow declines. However they will look to offset that risk by lending at a lower loan to value ratio usually of under 65% of the property’s value. However, they had a large prepayment penalty that was preventing most lenders from being able to refinance the property.
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At each step, you’ll know just what to expect while we work closely with you to insure your loan closes in a timely and professional manner. Bridge loans are easy to qualify for as long as there is equity remaining in the property sufficient to cover the commercial lender’s risk capital. A poor financial rating or failure to communicate with the lender may result in a decreased line of credit or closure of the credit facility. There is also great concern about the practices of some lending companies in the industry who require upfront payments to investigate loans and refuse to lend on virtually all properties while keeping this fee. Commercial loans and commercial mortgage rates can be found inside this portal. You will work with your Transaction Coordinator to send the required items during the due diligence period.