Client Increases Existing CCB Loan for Build Out and Renovations

In August of 2022, our client closed on the increase to an existing Commercial Capital BIDCO loan that will allow them to complete the buildout of a cannabis cultivation facility. The collateral property is located in Iron Mountain, Michigan and the loan proceeds are being used to cover the finishing touches on the subject property’s renovation. 

Requested Amount: $1,650,000  //  Property Size at 8,850 sq. ft. on 0.83 acres  //  LTV at 51%


Cash-Out Refinance Helps Client Pursue Projects on Raw Land

In December 2022, our client closed on the cash out refinance of an existing loan. The loan proceeds for this deal will be used to pay off not only current debt, but will also provide working capital for our client to pursue other projects. The collateral property is located in Nashville, Tennessee. While LTV for raw land is lower, we love working raw land deals because the possibilities for our clients are endless! 

Requested amount: $6,000,000  //  Property size at 120.57 acres of raw land  //  LTV at 35%


Refinance Closed for Partner Buyout in Ohio

In December of 2022, our client closed on the refinance of a current loan on their commercial property in Butler, Ohio. The loan proceeds are also being used to buyout the principle’s former business partner. Time was of the essence with this deal and we were happy to assist with a quick closing. 

Requested amount: $540,000  //  Property size is 51.013 acres  //  LTV at 48%

 


Indoor Grow Facility Secures Funding for Improvements in Oregon

Cannabis and grow facilities can run into speed bumps when looking for lenders who understand their specific needs as well as their state's laws. We were thrilled to help our client close on the refinance of a cannabis grow facility in December of 2022. The collateral property is located in Dallas, Oregon. The loan proceeds from this deal will be used to pay off the initial investors and allow for improvements to be made to the indoor grow facility. 

Requested amount: $1,550,000  // Property size is 15,000 sq. ft. on 122 acres  //  LTV at 63%


Three Collateral Properties Closed in Georgia

In December of 2022, our client closed on a loan for the purchase of three properties. All collateral properties are located in Oakwood, Georgia. With this transaction, we were also able to lock in a 1031 Exchange - allowing our client to defer their capital gains tax by swapping one real estate property for another. We loved that this particular deal had a unique factor to it!

Requested amount: $940,500  //  Property size consisted of 1.6 total acres  //  LTV at 65%


Terry Luker Featured on Deal Maker Talks! Podcast

Our very own Terry Luker joined the Deal Maker Magazine team for their Deal Maker Talks! Podcast where he was able to talk about the "Top Resources for Brokers in 2023." Are you curious about what resources and strategies will fit your goals for 2023? Give this podcast a listen on our channels below. Thank you to the Deal Maker team for having us!
Click HERE now to listen on Spotify!
Click HERE to listen on YouTube!

Find Out What Happens When a Bank Maxes Out Their Lending on Ep. 4 of Deal Talk!

We loved getting to film Episode 4 of Deal Talk at our booth during the 2022 National Alliance of Commercial Loan Brokers Conference last month! Terry Luker and business partner, Ken Collins, chatted about one of their very first deals after starting Alternative Capital Solutions.
Check out Episode 4, "The Bank Has Maxed Out Their Lending" today!
Watch / Listen on Spotify HERE. 
Watch on YouTube HERE.

Deal Talk Episode 3 is Now Live!

Episode 3 of Terry Luker's Deal Talk | For Commercial Brokers & Lenders podcast series is now live! Learn about what happens when a client needs refinancing but the bank wants to sever their relationship. Terry takes a deep dive into the solutions and so much more!
Listen on YouTube by clicking HERE.
Listen on Spotify by clicking HERE.

Deal Talk Podcast - Give Episode 2 A Listen!

Episode 2 of our Deal Talk podcast featuring Terry Luker is now available! "Getting a Better Deal the Second Time Around" is a pivotal deal from Terry Luker's first book, "Yes! How to Get the Funding You Need For Your Business," and is brought into even greater detail here on our podcast! Give it a listen below and be sure to Follow our podcast on Spotify and YouTube!

 

Click Here to Listen on Spotify!

Or Click Here to Check Out on YouTube!


Terry Luker featured in Deal Maker Magazine

Luker Masters ‘Three-Headed Monster’ of Diversification at ACS.

Industry Icon Terry Luker shares the secret to his success with ACS — Alternative Capital Solutions: find your niche, form strong partnerships and fill voids in the market. By taking a three-pronged approach, Luker strengthens his community bank relationships and ensures every deal that comes across his desk finds its home.

Terry Luker had been in the automotive industry for 21 years and was looking for a change. “I was a fixer. I’d go into broken stores and fix them,” he says. “And then about three years in, the owner would want to change pay plans… that’s when I would normally leave. The last time we did that, I decided that I was going to go do something different.”

ACS — Alternative Capital Solutions Is Born

A friend told Luker about shadow banking and a company called Commercial Capital Training Group. Luker recalls the conversation he had with his friend: “He said, ‘Terry, you’re an unbelievable deal maker. This is what you ought to do for a living.’” Soon, Luker met the Commercial Capital Training Group team and enrolled in the program.

During his training at CCTG, Luker learned how important it is to find your niche if you want to be successful. When he launched Alternative Capital Solutions seven years ago, he was determined to find a specialty that would set the company apart for the long haul.

Read more here ... https://www.dealmaker-magazine.com