Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
"Very smooth and professional... promptly addressed any questions that came up. Feel I got a good loan with a good lender."
University Place Apartments is a mixed-use student housing and commercial complex located at the edge of the University of Missouri campus, just 5 blocks from downtown Columbia. It has 168 student apartments and 13 commercial spaces and was voted “Overall Best Value” in a recent independent evaluation of all student housing options in Columbia. It is one of the hottest student housing options around campus due to its quality and location and is always 100% occupied with a waiting list for the subsequent semester. It also has the University as a major commercial tenant, leasing both office space and computer labs for student and faculty convenience.
Borrowers were seeking to secure a non-recourse loan with competitive terms, an advanced rate lock, and a flexible prepayment structure for the cash out refinance of University Place Apartments. The purpose of the loan was to pay off the current loan balance, pull out additional cash equity from the property, and secure a 10 year mortgage.
"[I] felt confident through the process that things were under control, that my interests were being protected... was always a pleasure to talk to and work with all the way through a successful closing..."
Mark Leifield - Property Owner
We were able to meet ALL of the Borrower’s requirements with an aggressive and flexible non-recourse conventional product.
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
We found an account with the email address you provided. Let's get you logged in by putting your password below.