Capital Constraint Still Continues…..
Had an interesting meeting last week with a consortium of credit unions in Seattle
Local banks have the exact same fears and it constrains them as well. In fact, in my discussion with hundreds of local banks over the last few months, it appears as many as 60-70% of them are NOT REALLY LENDING! Combine this with the fact that the big 5 banks deny 80-90% of the applications they take in and you see the true state of money availability to the local business owner or real estate investor. You won't read that in the media – that is not what the powers-that-be want you to hear. But that is what is going on behind the scenes and like any problem, it provides an opportunity for someone. At Commercial Capital, we have resources around the country that ARE aggressively lending. If a deal is a good deal, we have resources to fund it. That includes life companies, hedge funds, conduit lending, private money AND local banks and credit unions that ARE lending. We can bring the resources of the country to the local investor or business owner and keep the money flowing to the businesses and entities that are out there making it happen. Those are the heroes that are really growing the economy. When we get a loan for that business owner, that opens up jobs and opportunities. That is what these people need.
On Friday, we closed a $6.4 Million loan through our in-house lending facility for one of the largest re-modeling contractor companies in the country. That loan will pay off a bank loan and will free up credit lines to help him handle the huge orders he just received that are going to add millions to his bottom line. That leads to more jobs and more growth. A broker brought the deal to us. We split the one point fee and we locked the client in at 5.11% fixed for 5 years – WOW! And we did almost all the work on the file! This guy is a multi-millionaire with a strong company and is a strong borrower with millions in the bank and he could not get funded locally and ended up with a broker. Lucky for him, that broker found us.
We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE
Marcos Lopez
Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.
Tel: 863-298-8900
Fax: 863-877-4456
Your #1 Source For Commercial & Business Financing
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