Light Industrial Client Closes Cash-Out Refinance in New York

A light industrial client came to Commercial Capital BIDCO looking for a solution where they could pay off their current note as well as reach a few other financial goals for their business. In February of 2024, our client closed on the cash-out refinance of their commercial property located in Port Jervis, New York. Spanning close to 40,000 square feet, the property provides multiple services within the food manufacturing industry including but not limited to food product packaging, ambient fill, custom product creation, and private label.

The loan proceeds of $2,430,000 from this cash-out refinance are helping the client to reach their goals by paying off their current note, providing a 6-month interest reserve, providing funds to pay off taxes, pay down credit cards, and provide working capital for future needs. 

We look forward to seeing the enhancements that our client is able to provide in the future as well as reach the goals they continue to set as a business!

Ready to see if your deal is a fit with Commercial Capital BIDCO? Submit a deal inquiry today on our website at: https://commercialcapitalbidco.com/apply/


Client closes on Cash Out Refinance for Golf Course in New York

Our client closed on the cash out refinance of a golf course and clubhouse located in Darien Center, New York in June of 2023. The loan proceeds from the cash out refinance will be used to pay off a note totaling an estimated $900,000. The remaining proceeds will be used as working capital as the client makes preparations for property updates and maintenance on the 18-hole, par 72 course as well as the clubhouse and other structures. 

The loan-to-value for this deal was 34% with the client requesting $1,050,000. The property sits on a total of 159.7 acres and the combined building size sits at 20,335 square feet.

We know that taking the time to find a direct lender who can fund your deal is "par for the course," but cut the search short and give Commercial Capital BIDCO a call today! We would be honored to talk through your deal and find the lending solution that suits your goals.

You can inquire today at: https://commercialcapitalbidco.com/apply/