CCB Team Helps Close Deal For Off Campus Student Housing in Tuscaloosa, Alabama

One of the things that we love most about being private direct lenders, is the variety in deal-type that clients bring to the table. This deal was a unique opportunity to secure funding for a project in a college town that is near to the hearts of many of our Commercial Capital BIDCO team members. (Roll Tide!)
Our client was looking to alleviate the student housing shortage in Tuscaloosa, Alabama, near the University of Alabama campus. CCB was able to provide $400,000 for a cash-out refinance for working capital. The funds from this deal are being used for a large-scale project that borders the subject property. This larger project is a multi-family property that will be used to house students of The University of Alabama close to the university's campus. This deal included many layers and relied heavily on the property's value. We were able to get it to the closing table in just over a month.
Looking for a unique funding solution for your deal? Contact our team at Commercial Capital BIDCO today. We reply to funding inquiries within 24-48 hours. Click here to submit your deal information. 

by Leah Waldrop

Portfolio Loans Can Simplify and Scale Your Investment Strategy

Did you know that Portfolio Loans are a strong strategic option for investors with multiple properties, non-traditional income, or properties that do not meet conventional lending standards?

Let our team at Commercial Capital BIDCO walk you through the best options for you and your goals. Submit a deal inquiry today on our website to get started!

Program Highlights:

  • No Tax Returns Required
  • Minimum Loan of $500,000
  • Max Loan of $6,250,000
  • Up to 80% LTV (75% on REFI)

Property Requirements:

  • Minimum of 3 Rental Properties & $500,000 Loan Amount
  • Max of 50 Properties May Be Combined Into 1 (one) Loan
  • Minimum Unit Value of $100,000

by Leah Waldrop

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/

 

by Leah Waldrop