Clopton will entertain and review any project brought its way, but only accepts projects that it sees as viable and have a high probability of funding
Chicago, IL (PRWEB) July 24, 2011
Clopton Capital, a Chicago based commercial financing firm is announcing a new solicitation of its services. The company has been approached to provide a commercial loan for a large multi-family development in the South East United States. Clopton has accepted the project into its pipeline of active projects and sees a high success rate for its funding. Clopton will entertain and review any project brought its way, but only accepts projects that it sees as viable and have a high probability of funding.
Clopton was approached recently by a seasoned developer looking for financing for a multi family development. The financing need is complicated and will require a two tier approach. First Clopton will have to structure a portfolio construction loan. With an availability of construction capital at a seventy percent loan to cost and prequalifying that the developer has the required funds to bring in, the probability of closing this portion of the financing is seen as high. Construction capital can be extremely difficult to find and structure so approaching the financing process with the correct underwriting guidelines is essential to success.
Upon completion of the construction, Clopton will have pre-arranged a commercial loan that will refinance the outstanding balance into a permanent loan. Clopton has available construction loan programs that can automatically roll into a permanent loan which is what the company will most likely use. This program is what will allow the developer to achieve the financing required to complete this development.
Clopton Capital is a commercial lending company that provides commercial loans to borrowers nationwide. It has a wide range of financing programs available for commercial real estate transactions that it makes readily available to its clients and borrowers. The best way to learn more about these programs is to contact a representative of the company to discuss them.
Clopton Capital does not release specific, personal, or business information about its clients.