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
Find Out What Happens When a Bank Maxes Out Their Lending on Ep. 4 of Deal Talk!
Deal Talk Episode 3 is Now Live!
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