Private Capital Mortgage
This construction firm was ready to own their manufacturing facility and had a 20K sq ft warehouse property under contract, but hit a financing wall. The owners came to PCM when conventional banks were unable to lend in time.
We loaned them $675K to acquire the Mount Dora site. We escrowed $65K for renovations and upgrades after the sale. 24 months later they acquired an SBA loan and paid off our lender.
A successful entrepreneurship wanted to buy out their partners and put on a new roof. Private Capital Mortage helped them consolidate various debts to continue operation and grow their downtown Orlando restaurant and bar.
$1.8M later (including $100K in escrow for the roof and a large deck) and this place now has expanded seating & entertainment areas.
We closed fast. These clients have a terrific business in a successful location and maintain good standing with our lender.
This Orlando SBO wanted to acquire their manufacturing site for building and storage of products for their construction company through a $1.3M loan.
They looked at several funding sources. Our terms and timing were the best and ultimately we closed their acquisition in about two weeks. After closing they completed an ongoing upgrade to the property and returned to Private Capital Mortgage for funding on another facility they own.
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