Chicago, Illinois (PRWEB) October 01, 2011
Clopton Capital is a provider of commercial mortgages and is located in Chicago, IL. They primarily focus on commercial mortgage services, SBA loan products and niche financing mechanisms such as gas station loans and commercial bridge loans. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton Capital's consistent effort to remain involved with the public, namely their future clients. Clopton Capital can be contacted at CloptonCapital.com.
Clopton Capital has recently gained a partnership with a wholesale commercial mortgage source and is making this announcement to explain the significance and specific parameters of this new commercial financing mechanism. The commercial mortgage solution they are making announcement of can be issued at up to $25,000,000 and in some cases even higher if the need, credit of the borrower and viability of the business idea meets even higher standards than expected. This commercial mortgage can be utilized on any income producing property, business or even real estate, so long as it is generating a cash flow. Clopton Capital claims the most significant feature of this loan product is the ability to cash out an unlimited number of times. Jake Clopton, the founder of Clopton Capital, explained the process of 'cashing out' as this, “If you want to borrow funds again years later and pay off the prior loan in exchange for a new commercial mortgage from us, there are no penalties and the transition in quite simple. This is incredibly rare and frankly unheard of in commercial lending right now“.
There is a credit requirement for this loan. You will need a FICO score of above 650 and virtually any significant negative marks on the borrower's credit could eliminate their eligibility for such a loan. Funding takes approximately 30 days after all information is obtained. Clopton Capital claims the most significant factor and largest selling point of this loan solution is the fact that interest rates start at only 3%. “3% is absolutely unheard of in the world of banking. We are extremely excited about this program and we want everyone who could possibly want a commercial mortgage to know about this program as soon as possible”, said Matt Reed, an associate of Clopton Capital.
Clopton Capital can be contacted at their website CloptonCapital.com or at 866.647.1650 during regular business hours central time. Their website contains more specific information about their working capital products. Their website dedicated to commercial mortgages for borrowers and commercial mortgage brokers is CommercialMortgageSource.com