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 was willing to finance a guy who had not made a payment in almost a year.  But we stepped in with our own private financing and got him $600,000!  The bank accepted it and the transaction closed in less than 30 days.  In total, this borrower saved $1.1 million in principal and more importantly, this loan saved the property.  If you are in a bind, give us a call at 310 456-1056 – we just may be able to help!

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 tough loans, we can get the strong deals done at the lowest rates as well!  When you have all the funding sources of the entire country available to you-whether it is agency, life companies, credit unions or more, you can often get the very best rates and terms for your clients!  Call David today at 310 456-1056!

Type:  This was an exterior corridor Red Roof Inn hotel which is increasingly tough to get financed but we CAN get these deals done.   We closed this loan with $200K in renovation money rolled into the loan on an SBA 7A loan!  If you are buying or refinancing a hotel-we can get it done!

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 took the loan, found conventional/SBA financing at great rates and got the deal done!  Whether in GA or around the country, we are the source for all your commercial needs-just call 310 456-1056 today!

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 overcoming serious medical and divorce issues with the client.  Be careful shopping around for rates in commercial lending, the most important thing is getting the loan closed.  No one does that better than us call 866-355-1244 today!

Granted, the headlines are not pretty.  Our government seems committed to making the greatest number of mistakes possible.   I am here to tell you that underneath all of that, small businesses are really making things happen!  That is a VERY good thing.

At Commercial Capital, we are busier than we ever have been and, since most of our loans are to small businesses, this is a positive for the economy.  Many of the CDC’s are also having very good years (CDC’s are companies that administer the seconds on SBA 504 loans).  If the SBA is busy, then again, small businesses are working. 

There is almost a mini-boom happening in franchising right now.  It seems like every franchise out there is very busy, which again, means new businesses are starting.  This means jobs are being created.  We are seeing another big trend – a lot of boomers are quitting corporate America for good, cashing out or rolling over their IRA’s and, starting their own businesses.

Now financial planners may cringe at that point, but the owners we speak to are putting it this way, “These large companies I have invested in don’t seem to be very “with it” and, with so many risks, I feel better controlling my own destiny”. 

All of this not to debate investment strategy but to share what we are seeing in the front lines, in the trenches of this economic battle.  There are warriors out there, small business men and women and, they are cautious but, they are determined and, they are not backing down. 

As a small business owner myself, I acknowledge that there are dangers ahead, not the least of which is our Government’s essential bankruptcy, but I also see opportunities everywhere.  I am attacking those opportunities because sometimes, the best defense is a strong offense.   I am not alone.

So take what you hear on the news with a grain of salt and, know that there are people fighting the good fight.  Maybe you are one of us.  Take heart!  Behind the news, on every street corner, the fight goes on. 

These warriors will find a way to win.  Opportunities abound today, in spite of or possibly because of, the broader economic news.  Properties are cheap, rates are low, and there are some people doing very well. 

Those stories are all around you and, THAT is what will keep America going.  Entrepreneurship lives on and, with it, lays the hope of this economy.  We are America and, we are not dead yet!

David Garrett

P.S. If you know a small business owner or, investor cheer them on!  If they need money, make sure to let them know about me.  Commercial Capital is closing more commercial loans than anyone in the country and, we are successfully bringing capital from around the country to the small business owner or, investor. 

Give me a call today at 310 456-1056!

www.CallCommercialCapital.com

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 to do it in every state.  These loans typically roll in all the costs from franchise fees, to build-out, to equipment and even working capital.  We have done these loans both with SBA financing and conventional financing.  We close one or more of these pretty much every month.  If you are looking at buying a franchise or starting a business, we are the experts you need to talk to about getting the financing lined up! Call David TODAY at 310 456-1056

Type: This deal came to us because there was a significant amount of business only value in this purchase and the other lender wanted them to put up additional collateral including their parent’s property.  But the deal was strong enough to stand on it’s own.  We got it done and there was no extra collateral needed.  In today’s regulatory environmnent, many banks will only lend if there is 100% collateral.  But we can do business only transactions without the collateral, we have even done restaurant start-ups with no collateral.  To get the best financing options from around the country for your particular situation, give David a call today at 310 456-1056