The NACLB 2023 Conference and Expo Hit the Jackpot for its 9th Year!

The National Alliance of Commercial Loan Brokers recently held its 9th annual conference and expo - allowing Commercial Lending Brokers, Direct Lenders, and Service Providers in the industry to come together across three days in Las Vegas, Nevada. Commercial Capital BIDCO was again a Silver Sponsor for the event - marking our continued support of the NACLB through the years. The NACLB Conference and Expo gives us the opportunity to showcase our direct lending strategies and expertise as a company by having a booth in the expo hall. Through this we are able to meet Brokers new the industry as well as the chance to build on existing Broker relationships.

When it comes to industry education, The NACLB strives to educate others through topic-specific panels that include seasoned industry leaders who have proven successful in their markets through the years. Peer-to-peer education is instrumental to the success of ongoing broker development. This year, our very own Marketing Director - Leah Waldrop - was able to serve on the Marketing Yourself as a New Broker panel alongside the President of Aspen Capital Solutions, Nicholas Zuchegno. In this small group breakout, Leah was able to drive home the directives for brokers across both Digital and Traditional routes of marketing. Grassroots marketing through networking and face-to-face meetings was also a vital point throughout the session as the industry continues to change and evolve with the economy. Those in attendance were very engaged and it was beneficial to see marketing strategies and ideas come to life from the perspectives of both a Marketing Director and a business owner.

When it comes to professional development and education, Terry Luker is a true advocate of mentorship and continued learning. Terry started out in the industry as a Broker when he built Alternative Capital Solutions in 2013 - he has been in those shoes and continues to work on that facet of the Commercial Lending world through ACS. He understands what a Broker needs to develop and fine tune their strategy...what tactics need to be implemented to secure growth. It is always so enlightening to see his passion for Broker development first-hand when at NACLB. Having been a NACLB Rookie of the Year award recipient as well as a Broker of the Year award recipient, it's understandable why so many other Brokers look to Terry for guidance in their own businesses and markets. The NACLB Conference and Expo is an excellent time for Terry to meet with these individuals face-to-face and find out more about their pain points and passions. The NACLB Conference and Expo is a huge opportunity for Terry and the Commercial Capital BIDCO team to explain Terry's proprietary e-learning development tool, The Commercial Broker Playbook. This is the cherry on top for a Broker who is fresh out of a commercial lending brokerage school such as The Commercial Capital Training Group or is looking to build their business. We are thankful for the NACLB and the chance to put this tool in front of Brokers across the country.

The 2023 event was definitely one for the books! George Foreman served as the conference's keynote speaker and he knocked his speech out of the park! His story and words of wisdom served as the 1-2 punch for all of those who were in attendance to take a fresh look at their business and how they can best continue to grow and adapt. All attendees, no matter their market, background or business goals left the conference refreshed and revitalized to take on 2024. The Commercial Capital BIDCO team has already hit the ground running on what we can do to adjust for the new year as well as how we can build on our successes from 2023! Thank you to the NACLB for another successful conference and thank you to all of our broker and client relationships for all that you do. We are grateful to serve you!


Georgia Golf Club Client Renews Loan for 2023

In January of this year, our client closed on the renewal of a previous loan they held with us. The original loan was a cash-out refinance on a golf course located in Bishop, Georgia that was secured in late 2021. The initial loan was used to purchase maintenance equipment as well as provide working capital. The renewal will continue to aide in the owner's focus of getting the recreational property in its best condition prior to securing a permanent financing solution.

The property is approximately 190 acres and includes a total building square footage of 6,665 sq. ft.

We are excited to renew their previous loan at a sum of $1,348,000.00. 


$900k+ Closed in Mount Dora, Florida

In September 2022, our client closed on the purchase of an office building located in Mount Dora, Florida. The subject property will be primarily owner-occupied with two additional tenants. The requested loan amount for this deal was $908,200.00. The property size was 4,040 square feet situated on 0.50 acres. The LTV was 65%.  

 


Bridge Loan Secured for Apartment Building Acquisition Prior to Construction Loan

In May of 2021, Commercial Capital BIDCO closed on the acquisition of a soon-to-be-developed apartment building within an Opportunity Zone in North Carolina where our client purchased the property for $850,000.00. The client needed a bridge loan for the acquisition of the 54-acre property so that he could keep it secured while working on the construction loan. We were able to close this loan at the amount of $425,000.00 in just three weeks from start to finish. This was an excellent opportunity for our client while waiting on future funds to be secured for construction and updates.


Cash Out Refinance Closed for Client Purchasing Golf Course in Georgia

On August 16, 2021, our client closed on a cash out refinance of a recently purchased golf course located in Georgia with a size of 190.04 total property acres. Funds from the cash out refinance were used to purchase maintenance equipment needed for the course and provide working capital. Our client plans to seek permanent financing with a local bank once one year of ownership has been obtained. The property is valued at $2,498,339.00 and the full loan amount for this deal was $840,000.00 with an LTV of 34% and a LTC of 56%. 


Commercial Capital BIDCO Closes a Cash-Out Refinance in 3 Days for New Client

Commercial Capital BIDCO Closes a Cash-Out Refinance in 3 Days for New Client

In November of 2021, we closed on a cash-out refinance of a single-family residency in Greensboro, Georgia. The long-term rental home is a lake property and that area is a very popular vacation site for people in that region. The rental is a 5-bedroom, 4.5 bath property with sweeping views of the lake.

 

This loan was closed in just 3 days and was conducted for a new client of ours here at Commercial Capital BIDCO. This particular client needed to close in three days due to another lender dropping the ball on the deal last minute. Reports and other documents were ready once we took over the deal and this allowed us to quickly complete the transaction and get the client the funding they needed when they needed it.

 

The loan term for this deal is 6 months and we have first lien position on the property. The requested amount was $1,695,000 and the appraisal value of the property as of October 21, 2021 was $2,600,000. This property is 65% LTV.

 

The client will now be using the home as a rental property that at the time of closing had an executed 12-month lease agreement. The cash-out received by the client was used as a down payment on a separate investment property.