(PRWEB) August 04, 2012
Clopton Capital, a Chicago based commercial mortgage firm, is offering to borrowers the opportunity to refinance their properties with higher debt amounts than they currently have and put the money into their pockets.
The purpose of these loans is to help borrowers attain some of the equity that they have built up in their properties and use it for other purposes. “There does not need to be a specific reason for the cash out, they can simply put it in their pocket or go invest it elsewhere,” says Jake Clopton, Founder. So long as the subject property maintains an acceptable debt service and loan to value, there is no limit to the amount that a borrower can attain.
These types of loans have typically been difficult to come by in the banking world. A typical lending bank will not want to put their money to work when it is not going back in the property. There have been private sources that offer these types of loans, however they are typically in the form of short term and high interest rate hard money loans. Clopton is offering low interest mortgages with high LTV’s, something that is difficult to have access to for cash out purposes. There is no restriction to property type, but of course certain properties will be harder to finance than others.
Clopton Capital ranks as one of the most active and dynamic commercial real estate finance firms providing lending options nationwide for income producing properties. Offering commercial mortgages, construction loans, bridge loans, and cmbs loans to borrowers for a diverse range of property types and ownership structures, Clopton Capital has the capability to meet almost any lending needs of property owners and managers.
For more information contact a loan officer by calling 866-647-1650 or visit http://cloptoncapital.com/commercialmortgages.html