Repeat Client Receives Funding for Ohio Medical Facility in Just Thirty Days
The Commercial Capital BIDCO team was able to fund a recent deal for a repeat client of ours. This client was able to purchase a vacant, 25-bed, critical-access hospital in Hicksville, Ohio - getting to the closing table in just 30 days! This deal had an amount funded of $1,039,500 at 14% interest for 12 months. The LTV was 18.9%. This was the second deal for us to fund with this client within just a few months. We greatly appreciate our new clients as well as those repeat customers who trust us to fund their deals and investments.
Ready to make the leap or want to talk to our team about a deal? Click here to submit the funding inquiry form on our website.
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%