Chicago, IL (PRWEB) April 27, 2012
Clopton Capital Lending, a national investment bank based in Chicago has attained a new life fund that is offering very aggressive rate and terms for non-recourse money. “Being able to offer our borrowers non-recourse money through acquisitions, refinances, or on the roll off a construction loan will enable Clopton Capital to take a step above the traditional banking routes that are just not getting to the finish line” said Matt Reed, the Vice President and Senior Loan Officer. Matt Reed recently helped a borrower who was looking to develop a hotel but could not have it be recourse on the perm. The life fund was believed to be an ideal fit because after a short period of 18 months the borrower was able to convert the recourse construction loan to a non-recourse mini permanent commercial loan to remain financially stable.
The investment bank plans to target all borrowers that are looking for non-recourse commercial loans in 2012 and offering them one of the most aggressive programs available at 70% LTV and LTC depending on the scenario. The rate and term are dependent on the strength and location of the borrower and project but at any rate, it will be substantially less than what is available on the open market. Clopton Capital Lending is currently allocating for $150MM of this money and once it is attained they will be reaching back to the life fund to contract for more. “I have a strong intuition that this current allocation will be attained in a short time frame and we will soon have more to play with considering how unbelievable this program is” states Jake Clopton, the founder of Clopton Capital.
For additional information about this opportunity or to inquire a solution about a loan request, contact Matt Reed of Clopton Capital today at 224-523-7831 or via email at mreed(at)CloptonCapital(dot)com.