Chicago, IL (PRWEB) September 14, 2011
Clopton Capital is commercial mortgage broker and is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans, commercial real estate loans and niche financing mechanisms such as gas station loans and owner operator 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 launched a small balance mortgage plan for lending relatively small amounts of capital that most banks and lenders simply will not. The details of this program are outlined on one of Clopton Capital's websites, CommercialMortgageSource.com. The absolute minimum amount to borrow under this new program is $25,000 and the maximum is $400,000. Clopton Capital believes this program will benefit thousands who have otherwise been turned away by banks who see no interest in lending less than $1,000,000 to a single applicant. In many cases these 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 involve starting their own in-house commercial mortgage program that will be designed for exceptionally small commercial mortgages and underwritten faster than external capital would be. This program would simply a derivative concept of their current internal bridge loan financing service. “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.