Chicago, Illinois (PRWEB) October 20, 2011
Clopton Capital is a commercial mortgage provider that is located in Chicago, IL. They primarily focus on 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 just acquired a commercial mortgages line of credit which they claim essentially makes them a direct lender. This agreement with a wholesale commercial mortgage issuer puts the firm in a scenario where they are not literally a lender, but more so a proxy to lend capital they have authority over. “Technically we won't be a direct lender but we will have authority to use the direct lender's capital our discretion. Frankly, I don't see any real difference to the customer, but ethically it is a distinction that should be made”, said Jake Clopton, the founder of Clopton Capital. This agreement would give Clopton Capital the ability to lend up to twenty-five million dollars on a wholesale platform. “Ideally we want to stick to loans that are between one and five million dollars as they are the easiest to process”, said Matt Reed, an associate of Clopton Capital.
Clopton Capital's future plans involve developing their own business to the point where they can lend capital which is completely in their control and to wholesale their commercial lending products to banks and other financial institutions. “Our goals always rotate around bringing the capital as close to home as possible. The more control we have over how we can lend the capital the better”, said Jake Clopton.