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Posted by admin in Brian's Blog, Recent Closings on 23. Oct, 2011 | No Comments
$385,000 Oil Change Business Refinance
Where: Garland, TX Type: This is another of the many loans that I close where one of the big banks approved the loan, then dragged on processing the file and finally denied it after 3 months, leaving the borrower out to dry. We came in and got the loan closed
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Posted by admin in Brian's Blog, Recent Closings on 23. Oct, 2011 | No Comments
$460,000 Hardware Store Purchase
Where: East Point, GA Type: This was a straight purchase of a non-franchise hardware store that was already running. This was another loan that got turned down by one of the big banks after they had initially approved it. It is amazing to me how often that happens. But we
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Posted by admin in Brian's Blog, Recent Closings on 23. Oct, 2011 | No Comments
$600,000 Discounted Note Pay-Off
Location: North Aurora, IL Type: Declining property values and a slower lease up time then expected put this borrower in a financial bind. He owed $1.6 Million and the property only appraised for $1 million. Unable to make the payments, the bank offered him a deep discount but no one
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Posted by admin in Brian's Blog, Recent Closings on 23. Oct, 2011 | No Comments
$2,870,000 Multifamily Refinance
Location: West Olive, MI Type: YES, we lend in Michigan! This was a student housing apartment complex that needed to refinance because of a note coming due. We got them a FNMA loan with an incredible 10 year fixed rate and a 30 year amortization. We don’t just do the
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Posted by admin in Brian's Blog, Recent Closings on 23. Oct, 2011 | No Comments
$263,000 Firehouse Subs Franchise Start-Up
Location: Columbia, MD Type: Getting start-up money for a restaurant with no real estate involved is never an easy chore, even for a strong franchise like Firehouse Subs. In any given state, less than 5% of the banks will even consider this type of loan. But we have the sources
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Posted by admin in Commercial Real Estate, Recent Closings on 17. Jul, 2011 | No Comments
$665,000 DayCare Purchase
Where: South Carolina Type: This deal came to me because there was a significant amount of business only value in this purchase and the other lender wanted them to put up additioanal collateral including their parent’s property. But the deal was strong enough to stand on it’s own. We got
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Posted by admin in Commercial Real Estate, Recent Closings on 13. Jul, 2011 | No Comments
$7 Million Take out loan for a Movie Theatre
This was an end loan for a movie theatre that had been constructed and, needed the construction loan taken out. The problems on this deal ranged from political issues at the county board trying to get the CO (certificate of occupancy) to liens against the developer of the planned unit
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Posted by admin in Commercial Real Estate, Recent Closings on 13. Jul, 2011 | No Comments
$6.4 Million Refinance of Office/Warehouse space
This client owns a company that does in excess of $70 million a year in sales. A millionaire many times over with his own private jets (yes, plural). Yet, because sales had declined in the last two years and, the size of the loan was over $5 million, the local
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Posted by admin in Commercial Real Estate, Recent Closings on 13. Jul, 2011 | No Comments
$1.9 Million Retail Shopping Center
Note Discount opportunity – A common theme happening today is the selling of the notes from banks that are in trouble or need to get debt off their books. Note buyers will buy these notes at 40 cents on the dollar – often with NO knowledge by the business or
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Posted by admin in Brian's Blog, Commercial Real Estate, Recent Closings on 10. Jun, 2011 | No Comments
Crazy Assisted Living Deal
This was a small assisted living facility in CA and the sellers were in prison and the lender was looking to foreclose. Because of the potential legal issues with the seller-no one wanted to touch the deal. But we looked past that and got them an SBA 7A loan. Sure,
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Posted by admin in Brian's Blog, Commercial Real Estate, Recent Closings on 06. Jun, 2011 | No Comments
$550,000 Private Money Loan
Borrower had a chemical mixing company and the annual government inspection uncovered a potential leak. They needed money quickly to remove the materials and replace or they would be shut down. We did a private money loan against their building and closed it in 14 days-saving the company. When you
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Posted by admin in Commercial Real Estate, Recent Closings on 07. Apr, 2011 | No Comments
$1,200,000 Investor Refinance
Location: Dallas, TX The note was coming due in 30 days and the current note holder was only offering a monthly adjustable rate option. The local bank had also turned this one down. In addition the borrower’s biggest tenant, who occupied 40% of the property, had a lease that was
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Posted by admin in Brian's Blog, Recent Closings on 03. Mar, 2011 | No Comments
401 K Rollover to Start a Firehouse Subs Franchise
Where: Napierville, IL Client had the desire to open a Firehouse Subs and build something for her future. Problem was, she did not have the experience and collateral combination needed to get an unsecured business loan for the restaurant start-up(something I do a lot of for Firehouse Subs). But, she
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Posted by admin in Brian's Blog, Recent Closings on 11. Feb, 2011 | No Comments
$850,000 Mixed Use Purchase-SBA 504 Loan
Where: San Francisco, CA Type: This was the purchase of a building and land by the Restaurant that occupied it. Typically a simple 504 transaction however this deal had some wrinkles-what deal doesn’t today? The first was that the father was selling it to the children which some lenders will
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Posted by admin in Brian's Blog, Recent Closings on 11. Feb, 2011 | No Comments
$1,650,000 Cash Out Refinance
Where: Lexington, NC Type: This was a complete cash-out deal for a seasoned investor. He owned this property free and clear and wanted to pull money from it to buy another investor property. The big problem on this deal was the amount of cash out. No local bank or credit
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Jul
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tagged: Brian Peart, coaching, Commercial Capital, Commercial Training, mortgage trainingNo Comments
Are You REALLY Committed?…Part 3!
Posted by admin in Brian's Blog, Site News, Tip Of The Week
We have spoken about what commitment looks like in your business and what it looks like in your personal life. We have spoken about the key element which is pro-actively doing the things you MUST do even if you don’t want to do it. But if your schedule is already
Continue Reading » 14
Jul
Are You Really Committed…Part 2!
Posted by admin in Brian's Blog, Site News, Tip Of The Week
Yesterday we spoke about what commitment REALLY looks like. It is not hanging in there, with one eye on your business and one eye on the door looking for the next big thing. It is focused intensity, forcing yourself to do the things that you must do, whether you like
Continue Reading » 13
Jul
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tagged: Brian Peart, Commercial Capital, commercial financing, commercial lending, Owner Occupied, SBANo Comments
$250,000 Start-up Loan for a Firehouse Subs
Posted by admin in Commercial Real Estate, Recent Closings
(yes we do smaller deals as well!) This is a fast growing franchise in the fast casual space like Subway. These loans are business only loans meaning there is no real estate typically. They are also restaurant start-ups. In this regulatory environment, there is typically less than 5% of the
Continue Reading » 13
Jul
Are You REALLY Committed?
Posted by admin in Brian's Blog, Tip Of The Week
I speak to a lot of brokers every day. I often hear them say they are “committed” to the business, but their actions say otherwise. Their actions are more like someone who can’t find anything better and is waiting for the marketplace to improve. But the market won’t get better,
Continue Reading » 13
Jun
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tagged: Apartment, Brian Peart, Commercial Capital, commercial financing, commercial lending, commercial net branch, Finance, investor financing, Multi Family, ResidentialNo Comments
$1.2M Multi-Family Cash Out
Posted by admin in Brian's Blog, Commercial Real Estate, Recent Closings
This client came to us needing $1,000,000 cash out against (8) 4 unit non-contiguous properties and (1) 12 unit apartment building with 24 developed lots, a total of 44 multi-family units and 24 developed lots in South Carolina. They had $3,000,000 in assets, with great primary income outside of the
Continue Reading » 10
Jun
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tagged: Brian Peart, Commercial Capital, commercial financing, commercial lending, Finance, investor financing, non owner, Restaurant, RetailNo Comments
$600,000 Cash-Out Loan
Posted by admin in Brian's Blog, Commercial Real Estate, Recent Closings
Investor single tenant restaurant deal-borrower wanted $600,0000 in cash out. Because he was an out of state investor, no local bank or Credit union wanted to touch him. But we found a source and got him a fantastic rate to boot…. When you need cash out, we are the best
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"Eram,You are doing a great job of marketing and your deal flow is strong. There..." - admin
"Another great post to jolt you to reality. It was another one of your posts from..." - Eram Saeed
"Linda,I write these from my life and experiences. I am sure you will be success..." - admin
"Hi Brian,In May, I moved into the commercial market with my real estate busine..." - Linda Castelli
"Been a while Brian- glad to see you are still kicking butt in commercial. I have ..." - Jeff Onofrio
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