South Carolina Property Purchase Closes in 21 Days
A South Carolina construction company that also works within the concrete and trucking industries recently worked with our team at Commercial Capital BIDCO in order to purchase the property they had been leasing for several years prior. This property serves as the client's offices - spanning across 6.7 acres - and was able to be purchased at the maturity of their lease. Our team was able to collateralize an investment property owned by the client and his wife in order to close the $719,000 deal in only 21 days. This client's company has been in operation for over 15 years and we are excited to play a small role in the continued longevity of their business and its future success!
Want to find out how we can work to fund your deal quickly and creatively? Reach out to us via our website: https://commercialcapitalbidco.com/apply/
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.