Chicago, Illinois (PRWEB) October 04, 2011
Clopton Capital is commercial mortgage provider and is located in Chicago, IL. They primarily market commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and semi truck financing. 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 begun a small balance mortgage plan two months before now to lend relatively small amounts of capital that most banks and lenders would likely choose not to. The details of this program are outlined on one of Clopton Capital's websites, CommercialMortgageSource.com. The stated minimum amount to borrow under this new program is $25,000 and the maximum is $400,000. Clopton Capital is expecting this solution to benefit thousands who have otherwise been turned away by large financial institutions who which have little interest in lending less than $1,000,000 to a single borrower. In most cases these commercial mortgages can be issued without broker points as well. “I really feel the demand for these loan products will be massive, we're entering a perfect storm where businesses won't be able to get credit, especially if they are borrowing amounts that aren't worth an underwriter's time,” said Jake Clopton, the founder of Clopton Capital.
Clopton Capital's future plans are to launch their own proprietary commercial mortgage product that would be designed for very small commercial mortgages and underwritten faster than capital from third parties could be. This product would merely a variant concept of their current in-house bridge loan finance program. “The long term strategy of this operation is to fund a larger and larger portion of loans in-house as time goes on,” stated 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 mortgage is CommercialMortgageSource.com.