Andy, Sebastian, and Kyle from CommCap Advisors recently closed this $10m loan in Tampa, Florida. The borrower requested a low rate, flexibility, and simple closing process for the acquisition of this value-add office asset.
The CommCap team sourced bridge financing from one of their premier life insurance company lenders that checked all the boxes with a low rate and straight forward life company closing process. Well, it was straightforward until the closing date happened to coincide with the landfall of Hurricane Ian.
Of course, there are more important considerations when a natural disaster occurs; we hope everyone in Florida, Georgia, and the Carolinas are successfully rebuilding and quickly get back on their feet.
Fortunately for our borrower, the hurricane did not damage the property and CommCap was able to pivot quickly to steer the process back on course, closing the loan successfully the following week.
Contact today for current rates!
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702.792.7553 | 702.792.7554 | 702.792.7552 |
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.
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