$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%.  

 


Client Closes on Office Suite in North Carolina

Commercial Capital BIDCO's client closed on the purchase of a 1,600 sq. ft. office suite in Huntersville, North Carolina on April 11, 2022. The property will be owner-occupied with the borrower moving all operations of their company from a leased space. The requested loan amount for this deal was $256,750.00 with an LTV of 65%.


Refinancing Deal for Tennessee Manufacturing Plant

We were able to help our client close on the refinance of a cloth materials manufacturing property and the accompanying land on June 1, 2022 in Church Hill, Tennessee. The client was excellent to work with and we were able to close quickly on this 283,197 sq ft property along with the 167.55 acres. The LTV with this deal was 63% and requested loan amount was $3,022,500.00.

A portion of the loan was used to pay off existing loans, and the remaining portion was used as working capital.


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%.