Gencor Commercial Capital has funded a broad and diverse number of transactions for its clients which have included:
Loan #1 – Private Money Loan
- Purchase of 14-Unit Multifamily Apartment Building in Phoenix, AZ
- Purchase Price: $280,000
- Loan was for $182,000 at 65% LTV
- Loan was closed in 9 days from the date of the Purchase Contract due to a limited contract period.
Loan #2 – Conversion To Conventional Loan
- Conversion to Conventional Loan up to $224,000
- The borrower was able to be cashed back $39,000 from his initial investment
- Loan closed in three weeks from date of application and an appraisal did not need to be ordered.
Ph: (480) 454-1030