Terry Luker Featured on Deal Maker Talks! Podcast

Our very own Terry Luker joined the Deal Maker Magazine team for their Deal Maker Talks! Podcast where he was able to talk about the "Top Resources for Brokers in 2023." Are you curious about what resources and strategies will fit your goals for 2023? Give this podcast a listen on our channels below. Thank you to the Deal Maker team for having us!
Click HERE now to listen on Spotify!
Click HERE to listen on YouTube!

Find Out What Happens When a Bank Maxes Out Their Lending on Ep. 4 of Deal Talk!

We loved getting to film Episode 4 of Deal Talk at our booth during the 2022 National Alliance of Commercial Loan Brokers Conference last month! Terry Luker and business partner, Ken Collins, chatted about one of their very first deals after starting Alternative Capital Solutions.
Check out Episode 4, "The Bank Has Maxed Out Their Lending" today!
Watch / Listen on Spotify HERE. 
Watch on YouTube HERE.

Deal Talk Episode 3 is Now Live!

Episode 3 of Terry Luker's Deal Talk | For Commercial Brokers & Lenders podcast series is now live! Learn about what happens when a client needs refinancing but the bank wants to sever their relationship. Terry takes a deep dive into the solutions and so much more!
Listen on YouTube by clicking HERE.
Listen on Spotify by clicking HERE.

CLOSED: Current Debt Refinance

In July of 2022, our client closed on the refinance of current debt. The collateral properties for the deal are located in Elk Rapids, Michigan and Williamsburg, Michigan. The loan proceeds are being used to pay off the current debt on the properties and provide working capital to provide improvements on the Williamsburg property. The requested loan amount for this deal was $1,834,000.00. The property size is 4,686 square feet situated on 68 acres. The LTV was 56%. 


FUNDED: Cannabis Cultivation Facility

In August 2022, we closed on a loan 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. The requested loan amount for this deal was $761,150.00. The property size is 8,850 square feet situated on 0.83 acres. The LTV was 65%.


$900k+ Closed in Mount Dora, Florida

In September 2022, our client closed on the purchase of an office building located in Mount Dora, Florida. The subject property will be primarily owner-occupied with two additional tenants. The requested loan amount for this deal was $908,200.00. The property size was 4,040 square feet situated on 0.50 acres. The LTV was 65%.  

 


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.


Commercial Capital BIDCO Closes a Cash-Out Refinance in 3 Days for New Client

Commercial Capital BIDCO Closes a Cash-Out Refinance in 3 Days for New Client

In November of 2021, we closed on a cash-out refinance of a single-family residency in Greensboro, Georgia. The long-term rental home is a lake property and that area is a very popular vacation site for people in that region. The rental is a 5-bedroom, 4.5 bath property with sweeping views of the lake.

 

This loan was closed in just 3 days and was conducted for a new client of ours here at Commercial Capital BIDCO. This particular client needed to close in three days due to another lender dropping the ball on the deal last minute. Reports and other documents were ready once we took over the deal and this allowed us to quickly complete the transaction and get the client the funding they needed when they needed it.

 

The loan term for this deal is 6 months and we have first lien position on the property. The requested amount was $1,695,000 and the appraisal value of the property as of October 21, 2021 was $2,600,000. This property is 65% LTV.

 

The client will now be using the home as a rental property that at the time of closing had an executed 12-month lease agreement. The cash-out received by the client was used as a down payment on a separate investment property.