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/ 

 


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/

 


Top 5 U.S. Cities for First-Time Commercial Real Estate Investors

Investing in commercial real estate can be a lucrative venture, offering opportunities for significant returns and portfolio diversification. For first-time investors entering this market, selecting the right location is crucial for success. Some key factors to think about when choosing which market to enter into are population growth, job growth, and high rental demand. Here are the top five U.S. cities that offer promising prospects for first-time commercial real estate investors:

1.) Nashville, Tennessee

Commonly known as, “Music City”, Nashville has emerged as a hotspot for commercial real estate. The city’s strong job market is fueled by tourism, finance, and healthcare, and has forced the need for more office space as well as retail space. Nashville’s business-friendly environment yields a promising opportunity for first-time commercial real estate investors. This is a prime area for not only alternative lending opportunities, but SBA products geared towards those small and/or new businesses could be an excellent route as well. 

 

2.) Atlanta, Georgia

Known as the economic hub of the Southeast, Atlanta boasts a thriving business environment and a rapidly growing population. The city's diverse economy, which includes sectors like technology, finance, and logistics, provides ample opportunities for commercial real estate investments. Additionally, Atlanta's favorable tax environment and relatively low cost of living make it an attractive destination for businesses, driving demand for commercial properties.

 

3.) Austin, Texas

In recent years Austin has experienced rapid population growth, and is home to a burgeoning tech scene and a dynamic entrepreneurial culture. The city's strong job market, fueled by companies like Dell, IBM, and numerous startups, has led to increased demand for office, retail, and mixed-use developments. With a vibrant arts and entertainment scene and a high quality of life, Austin offers attractive investment opportunities for first-time commercial real estate investors. From large commercial loan opportunities to small-business ventures, the commercial lending space here is especially unique.

 

4.) Denver, Colorado

Situated at the foothills of the Rocky Mountains, Denver combines natural beauty with a booming economy, making it an appealing destination for commercial real estate investment. Its strategic location as a transportation and logistics hub, coupled with a diverse economy spanning industries such as aerospace, healthcare, renewable energy, and cannabis, contributes to its allure. Denver's young and educated population, alongside a burgeoning tech sector, further augur well for the future growth of the commercial real estate market. Notably, Denver's cannabis industry stands as a trailblazer in the landscape of legalized marijuana since the state's landmark legalization of recreational cannabis in 2012. Emerging as a leading destination for cannabis enthusiasts and entrepreneurs, the industry continues to thrive, significantly contributing to the city’s economy.

**It is important remember that the cannabis laws vary by state

 

5.) Seattle, Washington

Home to tech giants like Amazon and Microsoft, Seattle has become synonymous with innovation and economic growth. The city's thriving technology sector, combined with a highly skilled workforce and a culture of entrepreneurship, has led to sustained demand for commercial real estate properties. From office buildings in the bustling downtown area to mixed-use developments in vibrant neighborhoods, Seattle offers diverse investment options for first-time commercial real estate investors seeking exposure to a dynamic and rapidly evolving market.

 

These five U.S. cities present attractive opportunities for first-time commercial real estate investors looking to enter the market. From Atlanta's diverse economy to Seattle's tech-driven growth, each city offers its own unique advantages and potential for success. However, as with any investment, thorough research and due diligence are essential to making informed decisions and maximizing returns in the competitive commercial real estate landscape.


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!

 


Cash Out Refinance in New Britain, Connecticut

The northeast is still a hot spot for commercial investments and real estate purchases for entrepreneurs as well as developers. As such with this deal, the borrower here was able to close on a cash-out refinance of a commercial property located in New Britain, Connecticut in September of 2023. The property is currently leased by a technical institute, however the loan proceeds from this cash-out refinance will be used to pay off the current note, provide funds to pay past due income taxes, provide funds for real estate acquisitions, and to provide funds for the property to build out a new parking area. The requested loan amount for this deal was $720,000 with a LTV of 65%. The property is 15,542 square feet and sits on 2 acres.


Raw land in Montana to be developed into luxury "glamping" cabins

In May of 2023, our client closed on the purchase of raw land totaling 80 acres located in Columbia Falls, Montana. The vast property is located near the beautiful Glacier National Park as well as the ski resorts in Whitefish, Montana. Our client plans to develop a number of luxury “glamping” cabins and other housing accommodations in the Montana countryside - giving park-goers and vacationers ample opportunities for luxury while exploring the state's natural beauty. 

The requested loan amount for this deal was $1,110,000 and the property appraised for $1,850,000. The loan-to-value was 60%.


Client Increases Existing CCB Loan for Build Out and Renovations

In August of 2022, our client closed on the increase to an existing Commercial Capital BIDCO loan that will allow them to complete the buildout of a cannabis cultivation facility. The collateral property is located in Iron Mountain, Michigan and the loan proceeds are being used to cover the finishing touches on the subject property’s renovation. 

Requested Amount: $1,650,000  //  Property Size at 8,850 sq. ft. on 0.83 acres  //  LTV at 51%


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%


Refinance Closed for Partner Buyout in Ohio

In December of 2022, our client closed on the refinance of a current loan on their commercial property in Butler, Ohio. The loan proceeds are also being used to buyout the principle’s former business partner. Time was of the essence with this deal and we were happy to assist with a quick closing. 

Requested amount: $540,000  //  Property size is 51.013 acres  //  LTV at 48%

 


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%