North Carolina Commercial Property Closes on Cash-Out Refinance

In March of 2024, our borrower closed on the cash-out refinance of their commercial property located in Supply, North Carolina. The expansive property consists of six buildings with a combined 89,711 square feet sitting across a 33.4 acre lot. The loan amount for this deal was $2,000,000 and the LTV was 59%.

The loan proceeds from this closed deal are to be used in numerous ways by the client including paying off the current note, providing a 4-month interest reserve, providing funds, and for demolition and working capital to finish architecture and engineering across each of the six structures. 

Thank you to our client for allowing us to have a hand in this deal! We are excited to see the finished products from the client's planned improvements!

Let's see if your deal is a fit for our team here at Commercial Capital BIDCO! We work nationally across multiple industry segments. Let's work together! Submit a deal inquiry today on our website: https://commercialcapitalbidco.com/apply/ 

 


Light Industrial Client Closes Cash-Out Refinance in New York

A light industrial client came to Commercial Capital BIDCO looking for a solution where they could pay off their current note as well as reach a few other financial goals for their business. In February of 2024, our client closed on the cash-out refinance of their commercial property located in Port Jervis, New York. Spanning close to 40,000 square feet, the property provides multiple services within the food manufacturing industry including but not limited to food product packaging, ambient fill, custom product creation, and private label.

The loan proceeds of $2,430,000 from this cash-out refinance are helping the client to reach their goals by paying off their current note, providing a 6-month interest reserve, providing funds to pay off taxes, pay down credit cards, and provide working capital for future needs. 

We look forward to seeing the enhancements that our client is able to provide in the future as well as reach the goals they continue to set as a business!

Ready to see if your deal is a fit with Commercial Capital BIDCO? Submit a deal inquiry today on our website at: https://commercialcapitalbidco.com/apply/


Client Completes Cash-Out Refinance in Detroit, Michigan

Our client recently completed a cash-out refinance on a multifamily property located in Detroit, Michigan. The loan amount for this deal is $1,050,000 with a combined LTV of 55%. A second property located in a similar area of Detroit, Michigan was also used as collateral to provide the necessary funds to pay off the current mortgage. Comprised of 17 units, the property will also have several renovations as part of the used funds received from this deal. 

We are proud to be serve a small role in the revitalization of the great Detroit area. Our team loves to review deals that can have an instrumental impact in the growth and success of its surroundings.

Want to see if your deal is a fit? Send in your deal today so we can review! Submit a deal inquiry here: https://commercialcapitalbidco.com/apply/

 


Smooth Sailing in Florida With a Cash-Out Refinance

A long-time client to Commercial Capital BIDCO closed on a cash-out refinance of two commercial properties in Florida in August of 2023. One is located in Destin, Florida while the second is located at Steamboat Landing in Freeport, Florida. Loan proceeds from this deal will be used to pay taxes due on the sale of assets previously owned by the client. The requested loan amount for this deal was $765,000 with a LTV of 65%. This deal was closed and funded in just 30 days. We thank this client for their repeat business and look forward to many more "smooth sailing" deals in the future!

 


Upscale Wine Lounge Closes Cash Out Refinance in Pennsylvania

In September of 2023, our client closed on a cash-out refinance of an upscale wine lounge located in the beautiful borough of Rankin, Pennsylvania - just 10 miles south of Pittsburgh. The wine lounge provides a unique experience for special occasions, celebrations, date nights, friend gatherings, and more. The lounge also features multiple rooms and spaces to relax, gather, and unwind. Live music is featured throughout the week and a full dinner menu is available nightly. Our client has built an excellent path to success by incorporating unique concepts and an upscale feel for their customers.

Loan proceeds will be used to pay off a portion of their current debt as well as provide funds for upgrades and provide working capital. The requested loan amount for this deal was $2,650,000.00. The LTV was 59% and the size of the lounge is 14,000 square feet.  

 

 


Client closes on Cash Out Refinance for Golf Course in New York

Our client closed on the cash out refinance of a golf course and clubhouse located in Darien Center, New York in June of 2023. The loan proceeds from the cash out refinance will be used to pay off a note totaling an estimated $900,000. The remaining proceeds will be used as working capital as the client makes preparations for property updates and maintenance on the 18-hole, par 72 course as well as the clubhouse and other structures. 

The loan-to-value for this deal was 34% with the client requesting $1,050,000. The property sits on a total of 159.7 acres and the combined building size sits at 20,335 square feet.

We know that taking the time to find a direct lender who can fund your deal is "par for the course," but cut the search short and give Commercial Capital BIDCO a call today! We would be honored to talk through your deal and find the lending solution that suits your goals.

You can inquire today at: https://commercialcapitalbidco.com/apply/


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%