Multi-Tenant Retail Strip Center Receives Funding in Hampton, Georgia

Originally constructed in 2006, a retail strip center in Hampton, Georgia, was recently acquired using the $780,000 loan proceeds that Commercial Capital BIDCO was able to secure for their client. The strip center is owner-occupied by the borrower's restaurant while the remaining tenant spaces are occupied by a mix of retail and service-oriented businesses. With an LTV of 65%, this acquisition loan was able to be secured seamlessly  - allowing our top-tier credit team was able to underwrite and package the deal quickly.

 

Are you looking to acquire a business or property and need to secure funding quickly and easily? Contact our team at Commercial Capital BIDCO today. Click here to complete the inquiry form on our website and you will be contacted within 24-48 hours. 

by Leah Waldrop

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

Office Building Closes Cash Out Refinance in Tupelo, Mississippi

In May of 2024, our client closed on the cash-out refinance for their commercial office building and property in Tupelo, Mississippi. The structure is the current home of a Social Security Administration office and totals 14,793 square feet while the property spans 3.72 acres. Funds from this deal will be used to pay off senior debt on the subject property, and to replenish liquidity to support the purchase of a separate deal. The total loan amount was $1,625,000. The LTV for the deal was 43%. We loved working this deal as we have roots in the Mississippi area. Seeing another commercial property have the ability to pay off current debt and positively adjust their growth strategy is why we enjoy what we do as direct commercial lenders. 

Ready to learn more about the lending solutions we can provide? Submit a loan inquiry today!

by Leah Waldrop