TAG | Capital
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Metropolitan Capital Advisors Closes $ 8,050,000 Bridge Loan Two-storey complex in Midland / Odessa, Texas
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Dallas, TX (PRWEB) 6 March 2012
Dallas-based Metropolitan Capital Advisors (MCA), a specialized financial intermediary exclusive representation of investors, developers and owners of commercial real estate capital markets, has organized two bridge loans to refinance Southwest Oaks & Summerhill Apartments. Both properties are in Midland / Odessa, Texas.
Southwest Oaks has 170 units (132 500 SF), a complex that was built in two phases between 1973 and 1976. The property is located at 4651 Oakwood Drive and the 1465 John Ben Sheppard Pkwy.
Summerhill is a 127-unit (SF 106 250), Apartment Hotel, Built in 1979. The property is located at 3001 North Midland Drive.
to intensify
from an unusual temporary bridge lenders and finance these loans on behalf of our customers quickly, the timing had an unusual pressure, said Lynn Scott, Vice-President and President of Metropolitan Capital Advisors.
borrowers had to remove an immediate need, with the Bridge Financing divorce judgment required to a former spouse of a last resort, to the bank mortgage obligations. The borrower has to earn the benefit of the bridge loan to a fixed rate loan from HUD, applied to a bridge loan accounts. Both properties are now more than 90 percent active.
on loans was 62.5 percent LTV is $ 4,800,000 and $ 3,250,000, and SW Oaks Apartments Summerhill. The interest rate floats 6.75 percent over LIBOR for a one-year loan period. The cross-collateralized loans and the interest-only were schedule. MCA Senior Vice President Todd McNeil responded by organizing transactions.
Since 1992 Metropolitan Capital Advisors has closed more than $ 8 billion of debt and equity transactions. National Real Estate Investor Magazine recently ranked No. 18 MCA Annual Best of the Best list of financial intermediaries in 2011.
Metropolitan Capital Advisors About
Metropolitan Capital Advisors specializes in the exclusive representation of investors, builders and homeowners in the Real Estate Capital Markets. Since 1992, Metropolitan Capital Advisors has closed more than $ 8 billion of debt and equity transactions on behalf of many commercial property owners, developers and investors. National Real Estate Investor Metropolitan Capital Advisors was # 20 Annual list of the top ranks of financial intermediaries.
Metropolitan Capital Advisors is a team of professionals who work in certain parts of the “Process Transaction” (ie, insurance contracts, marketing, processing and closing) are specialized. All Metropolitan Capital Advisors’ senior leaders have an average of at least 15 years of professional experience. Metropolitan Capital Advisors has team has the expertise and the capacity for a wide range of debt and equity, including construction and permanent debt, structured finance and securities transactions.
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8050000 · Advisors · Bridge · Capital · Closes · complex · Loan · Metropolitan · Midland · Odessa · Texas · Twostorey
23
Working Capital Clopton surgery experience barbed wire hits the spot
No comments · Posted by admin in Sba Loans
Chicago, IL (Nasdaq) 23 January 2012
Clopton Capital has recently increased resources for the work-site support as their primary website CloptonCapital.com. This page shows the way the company helps businesses and commercial property owners to obtain working capital to maintain or expand their activities. Since alloting more resources to this thing about a month ago, works side about twice the traffic and saw twice as many requests for information about these specific commercial financial services. The company sees this work as one hopeful sign for an enormous demand for services, and clear evidence of the current marketing efforts. Working capital consists of a variety of commercial financing strategies, some of which the merchant can be used in cash or purchase order for Finance and other simple commercial mortgages and SBA loans. Finally, the goal is always the same, more money is placed in the short term, the budget of our customer operations, said Jake Clopton, founder of the capital Cloptn.
The company has also begun into smaller requests for working capital, even those who are less than $ 50,000 are the advantages of the new arrangement, a key lender to fit the specific to this type of commercial financing. It does not seem sensible, leave the money on the table. If there are people who are ready, willing and able, a small amount of the commercial capital have to borrow, we need a way to help them find the right source for the acquisition of working capital, said Matt Reed, an associate Clopton Capital .
the company’s future plans regarding the release of a series of short training manuals, such as credit ratings for commercial work, and the inner workings of the Clopton Capital, based in Chicago, IL. Each owner of commercial real estate entrepreneur who is in business loans, commercial mortgages, commercial mortgage or a refinancing are interested, invited by the company to contact them 866.647.1650 or via the contact form on their website, CloptonCapital.com.
For more information
Clopton capital business loan services, please visit the website dedicated CloptonCapital.com. In order to link their financial exchange visit CloptonCapital.com / link.
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