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Being There
Being There
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.