Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
"I had a tremendously good experience with CLD and especially with my loan specialist… and her assistant. [My loan specialist] is indeed a high professional in this field and was able to line a loan program which is ideal for our very unique property. Her assistant… has been very helpful in organizing... documents from me – a very able and a very pleasant personality indeed."
Golden Valley Luxury Apartments is an “A” class, fully-amenitized townhome community located in Bakersfield, CA with both unfurnished and fully furnished units available for rent. It is a very popular community right across from the Golden Valley schools (elementary, middle, and high) with easy access to the highway for travel to Los Angeles or Northern California. The property has 332 units available for lease and is always 100% occupied with a waiting list for future tenants.
Borrower was seeking to secure a non-recourse securitized loan with a 10 year interest-only term on this cash out refinance transaction. The purpose of the loan was to pay off the current loan balance, pull cash equity from the property, eliminate the personal recourse feature from their current loan, and increase cash flow on the property.
Q: Would you recommend Commercial Loan Direct to others needing commercial real estate financing? A: "Yes, I will wholeheartedly recommend CLD. [My loan specialist’s] knowledge about the various loan products and negotiating a good deal... is exceptional."
Q: Would you recommend Commercial Loan Direct to others needing commercial real estate financing?
A: "Yes, I will wholeheartedly recommend CLD. [My loan specialist’s] knowledge about the various loan products and negotiating a good deal... is exceptional."
Golden Valley Apartments - Bakersfield, CA
We were able to secure all of the Borrower’s requested loan features and increase the property’s cash flow with an aggressive 10 year interest-only CMBS product at very competitive rates, terms, and fees.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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