Client was seeking commercial financing for his rental commercial building that he acquired a year ago. He was looking to increase his cashflow so he could finish off his tenant improvements and work on getting the building occupied. We worked on obtaining the best terms in today’s market for the client and providing the funds they need until they can refinance with a conventional lender.
$50 Million Term Loan for a newly constructed rental office building. Client was near completion of his $75 Million 8 storey office building and looking to refinance his construction loan with additional funds to give the client time to secure leases and cover the costs of tenant improvements without requiring any further equity injection.
Client was looking for a better 1st mortgage rate along with extra funds over his rental apartment building. Due to Covid tenants were not up to date with rental payments and client was struggling to keep up with mortgage payments. Freedom Capital secured a new $3.1 Million loan at a 2% lower rate with additional funds to cover mortgage payments for 8 months.
Large $2M equity take-out over a commercial plaza. Clients saw the opportunity to further invest in real estate. They leveraged existing equity to continue growing their assets and make money.
Client needed an approval on his income generating purchase of a commercial within a week. We needed to use equity on his other commercial properties to obtain 100% financing for this purchase. We order 4 appraisals which were finished within a week. We had an approval for 100% FINANCING within 48 hours.
We know you need to know asap if financing is approved!
Client had a pending closing on a rezoned property that was zoned for 3 Storey mixed used commercial/residential unit. A trusted realtor partner of ours had a pending closing and the banks were asking for tons of documentation and delaying the process. We were able to have an approval with competitive rates and provide advice for the next steps of the project while client started marketing the project.
We know land purchase financing and it doesn’t stop there, we help offer solutions for all types of commercial, multifamily properties!
Visit us at www.freedomcapital.com or call 1-866-944-7778 to learn more today.
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Client looking to purchase a C-8 two story commercial building that is fully leased. The banks were unable to provide an approval in time for closing. The client wanted to make some upgrades and then seek financing with higher rental income due to renovations.
Rush closing of a commercial unit purchase @75% LTV. We were able to complete a rush commercial appraisal and fund the file by closing date.
Rush second mortgage for a newly built 6 unit industrial building. Client had bank financing lined up once final occupancy permit issued, but due to Covid there were delays at the City. Client required quick $500K equity take out to finish paying trades and carrying costs to avoid CPL’s getting registered on title. Freedom Capital provided quick easy financing and fully open term and no appraisal!
Clients existing private lender required mortgage funds back, clients were struggling to find a new lender as their property was a unique mixed-use commercial property requiring upgrades. Freedom Capital was able to replace the mortgage and save the clients from heading into foreclosure.
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Disclosure : Applying for a mortgage does not guarantee approval for the mortgage. No Upfront fee is applicable for the mortgage however processing Fees may apply. APR can vary depending on mortgage amount.
