Recently Funded Deals
$790,000 SBA loan for Dentist Acquistion w/Real estate-Corpus Christi, TX
$261,000 Cash out refinance for mixed use property-Crested Butte, CO
$100,000 Business line of credit to Builder/contractor-Washington, DC
$25,000 business line of credit for Auto detailer-Tampa, Florida
$20,000 business loan to masonry contractor-Washington, DC
$250,000 Business term loan to manufacturing company-Houston, TX
$280,000 Bridge Loan to real estate investor-Boston, Mass
$50,000 Business Line of Credit-Orlando, Florida
$1M business loan for a financial services company in San Diego, CA
$100K line of credit for a construction company in Arizona
$100K line of credit for a construction company located in Washington, DC
$100K bridge loan for a real estate investor based in Indiana
$100k for a real estate investor in Rhode Island looking for a fix and flip loan
$414K for a commercial mortgage (rate & term) in Laurel, MD
Abel Commercial Funding provided a stock collateralization for a real estate investor needing a down payment for a commercial property purchase. The borrower was able to use his stock portfolio to fund the down payment. Abel Funding presented a line of credit in the amount of $278,000 on the borrower’s stock portfolio at a 3.5% rate, with a 80% LTV, as well as no fees and no transfer penalty for the borrower. This is an interest only loan. This transaction was closed in 5 days.
Abel Commercial Funding recently funded a real estate investor who was looking to refinance his property. This borrower was at a current rate of 11% and wanted a better rate. Abel Commercial was able to provide them $225,000, 20 year amortization, 10 year balloon, rate fixed for 10 years at 5.65%. Needless to say the borrower was so happy they were able to get this type of loan with the better interest rate.
Abel Commercial Funding has secured a line of credit for $1.55 million to a real estate group in Chicago. After funding 3 projects for this group, Abel Commercial Funding was able to provide a more competitive loan product for their fix and flip real estate model. This line of credit will provide them the needed speed to acquire and rehab properties in this competitive real estate market. This LOC comes with 90% acquisition and 90% rehab financing. This process took 20 days to complete.
Abel Commercial Funding completed a fix and flip loan for a real estate investor in Washington DC. The investor bought a foreclosed property and was able to get 80% financing on the acquisition and 100% on the rehab needed. The total loan amount was $195,000. The investor plans on flipping this house within 90 days and acquire another property. This process took only 16 days to complete.
Abel Commercial Funding recently funded a $650,000 Bridge Loan for commercial real estate located on H Street NW, in Washington, DC. Abel Funding was able to provide the borrower with a 12 month loan term. The entire funding process took only 7 days!
Abel Commercial Funding helped secure a $175,000 bridge loan for a real estate investor located in Glenarden, Maryland. This 12 month bridge loan was used for the borrower to help payoff back tax liens and help increase her credit rating. This property was free and clear and being used a single family rental. This process took 18 days to complete.
Abel Commercial Funding is pleased to announce a recent funding they helped secure for a home healthcare company located in Woodbridge, Va. Abel Funding provided the healthcare company with an SBA 7a Loan for $450,000 for an office purchase. The loan is amortized for over 25 years. The entire funding process took 50 days to complete.
Abel Commercial Funding has secured financing for A Methodist Church, located on Capitol Hill in Washington, DC a $900,000 loan to convert an existing townhouse into a 2-unit multi-family property. The loan will also be used for the predevelopment funding of a large residential development adjacent to the main sanctuary. This church is one of the oldest churches in the Washington, DC area. This Church was founded in 1827 and has been located on Capitol Hill for over 175 years.
Abel Commercial Funding completed a business acquisition through a SBA loan. The acquisition was for $394,000 and provided the borrowers with a competitive rate, 10 year payback and minimal down payment. The business purchased was a company that provides vacation properties for renters. This process took 45 days to fund.
Abel Commercial Funding recently provided a real estate investor an unsecured line of credit for $47,500. This was used for rehab on a current property that he needed to fix up to flip. This process took 28 days to fund.
Abel Commercial Funding recently provided a real estate investor located in Chicago, IL with a $290,000 bridge loan. The bridge loan was used to help the investor acquire, rehabilitate, and resell a 2,300 SF, 4 bedroom, 3 bathroom; single-family home. The real estate investor plans to payoff the loan and its entirety once the property is sold sometime this summer.
Abel Commercial Funding recently provided $463,000 to a property investor for a Single family Beach Rental in Virginia Beach, Va. The real estate investor is active in the Washington, DC market and was seeking to expand her holdings into the Virginia Beach market. The investor was seeking a stated income commercial loan that was fast while competitive in rate. The investor intends to Rent out for Summer Rentals and offer seasonal rentals.
Abel Commercial Funding recently funded a small-balance fix & flip loan for $215,000 to a real estate investment group in Chicago, IL. The investment group is active in the Chicago market and was seeking fast and reliable financing to take advantage of market opportunities. The investment group was looking to renovate a 2,565 SF residential investment property located in the Old Irving Park section of Chicago and sell it in the Spring.
Abel Commercial Funding recently was able to fund a church looking to refinance. The church had previously been turned down by their bank for financing. Turning to alternative lending options, Abel Funding provided the church with a $500,000 refinance loan at a 10% rate and a 10 year term. Abel Commercial Funding closed on this transaction in 40 days.
Abel CommercialFunding helped a dental practice consolidate credit card debt by providing them with a $100,000 loan at 15% for 7 years, fixed. Minimal documents were needed for this loan, making the transaction close in 7 days.
Abel Commercial Funding provided stock collateralization for a builder needing a down payment for an office purchase. The borrower was able to use his stock portfolio to fund the down payment. Abel Funding presented a line of credit on the borrower’s stock portfolio at a 3.5% rate, with a 65% LTV, as well as no fees and no transfer penalty for the borrower. This transaction was closed in 7 days.
Abel Commercial Funding recently closed a $258,000 business loan to help a borrower pay off a tax lien. Because of the minimal documents required, Abel Funding closed this loan in 5 days.
Funded a Revolving credit line for 89k for a wholesale kitchen cabinet manufacturer in Virginia Beach area.
Funded a revolving credit line for 50k for a movie lighting company in Los Angeles, CA
Funded a revolving credit line for 30k for a home improvement company in New Jersey
Funded a revolving credit line for 25k for a lumber company in Pa.
Funded a blanket loan for 1.7 million for a real estate investor who had 17 properties that needed a better rate. Abel Commercial Funding was able to get them a rate of 5.85% for 10 years.
Funded a bridge loan using their investment property as collateral for 1.4 million. This helped the investor pay off some debt and reinvest in other real estate.
Funded a 100k working capital loan in 5 days for a trash collection company in Maryland. These funds were used to fix their current fleet of trucks so they could put more vehicles on the street.
Funded a 150k working capital loan to a local restaurant in Maryland . This loan offered borrower a payback over 3 years with a once a month payment.
Funded a office purchase for 150k in Maryland. This process took 21 days from start to finish. This was a stated income commercial loan so there were minimal documents needed to close.
Funded a cash out refinance for 100k in the Chicago area for a real estate investor looking for cash out to buy another property. His current property was free and clear and used the equity to expand his real estate holdings.