Loan on Specialty Retail – $2,250,000 -- Branson, Missouri.
The 39,767 square foot building was located near a regional entertainment and shopping
attraction. The rent roll showed 30 “mom and pop” tenants all serving the specialty
nature of the location. The recent refurbishment of the center and unusual tenant
community was overwhelming to the broker and borrower in making a loan request.
Their loan was maximized with the organization NCS Commercial brought to the process.
Loan on Mobile Home Park -- $855,000 – Dallas, Texas
Borrower was under at deadline to refinance the mobile home community. Broker brought
in the request and fully expected time would run out before we could close. Every
process was initiated at incredible speed. Right before closing, borrower was surprised
that the local governance would be unable to produce a zoning letter for the closing
file. NCS Commercial found a way to accommodate the situation and still close the
loan in 23 days from dated submitted.
Loan on Flagged Hotel -- $1,825,000 – Dalton, Georgia
The hotel had rooms in four buildings, the last of which was still to be refurbished
according to the franchisor’s Property Improvement Plan (PIP list). NCS Commercial
closed the commercial loan as permanent financing on finished value and held a reserve
that was drawn down as the last building was completed.
Loan on Apartment Property -- $5,360,000 – Tampa, Florida
NCS Commercial helped the broker and borrower restructure the ownership to allow
for necessary credit to come in for CMBS conduit pricing. The loan was closed at
full value even thought the property parking was being repaved and some apartments
were still completing final refurbishment.