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- Nat'l Commercial Mtg Lender - Round Rock, TX
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Commercial Bridge Loan Closes in 2 weeks
Expanded Commercial Bridge Loan Coverage....
We have expanded the coverage of what our private money can do, growing our platform above $2 Million up to $20 Million! This is a direct lender platform, we can close off our balance sheet (quickly) with an in-house credit committee in as little as two weeks! THIS IS ESPECIALLY GOOD for renovation, rehab and stabilization capital on deals that many times are not cash-flowing at closing. We can also provide preferred equity for the right transactions, especially value-add and lease-up opportunities! $2mm to $20mm nationwide, with closings in as little as 2 weeks. Below are a couple of recent transactions to get you a feel for what we can do.....Hotel Construction Completion with Cash Out: $12mm
We recently provided a $12.0 million senior bridge loan in Washington State. The loan is secured by a flagged limited-service hotel. The hotel was in the middle of construction when the prior lender failed to make timely loan disbursements. We provided a new senior bridge loan, recapitalizing the hotel, addressing existing liens and funding construction and interest reserves.
Mixed Use Urban Infill: $3.0mm
We recently provided a $ 3.0 million senior bridge loan secured by a vacant mixed-use property located in Denver, CO. We provided a new bridge loan to complete the acquisition of the asset and provide funds for capital improvements and stabilization of the two existing buildings and surrounding parking spaces.
Senior Living Mezzanine Debt
We recently provided a $ 6.0 million mezzanine loan in a suburb of Dallas, TX. The loan is secured by a newly built senior housing community providing independent living, assisted living, and memory care. The mezzanine loan proceeds were used to refinance a portion of the existing debt and provide working capital for the lease-up of the community. Our loan was subordinate to a $20mm bank loan which retained a 1st lien position on the asset.
These are exciting times at Commercial Capital as our portfolio of products continues to grow. From Alt-A products to Alt-CMBS products to now mezzanine and equity and FAST private money. I even got approval last week on a 75% LTC ground up construction deal with non-recourse. One call does it all....just call me today at 512-650-8630 or get started by completing the form.
Karen Schimpf
(512)-650-8630
karenschimpf at gmail.com
Give me a CALL TODAY at 512-650-8630 or 512-354-4949 or get started by completing the form.