Recent Loans

Gencor Commercial Capital has funded a broad and diverse number of transactions for its clients which have included:

Loan #1 – Private Money Loan

apt_bldg

  • 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.