THE CLIENT

As the saying goes, opportunity comes when you least expect it – and sometimes, it makes you wait quite a while. In this case, the client had formed a family trust in 2021 in order to invest in commercial real estate… but she couldn’t find the right property to purchase. In fact, almost four years went by before she found the right building to acquire.

At first glance, it seemed like a perfect opportunity — three gentlemen owned the building and the business, a grocery store, on the location. Two of the partners wanted out, and the third agreed to buy out his partners. But once he bought the business, he couldn’t afford the building. He agreed to sell the building to the investor. Perfect, right? Well, almost.

THE CLIENT’S CHALLENGE

A client with spotless credit. A desirable property. Even an existing tenant. You’d think that traditional lenders would jump at a client like this. Or, at the very least, any non-traditional lender. But that wasn’t the case. When the remaining partner bought the business, it technically became a new entity – so the “existing” tenant became a new tenant, and that made this a less desirable loan. The client was even declined by an allegedly “creative” lender.

To make matters worse, the time frame was tight when the client started searching for a lender. After being declined, she found herself with no time at all before she could lose the building to another investor.

THE APEX COMMERCIAL CAPITAL SOLUTION

$800,000 • Commercial mortgage purchase • Quick close

Fortunately, the client connected with a broker who had a well-established relationship with Apex Commercial Capital. The fact that this was her first investment property was no problem, nor was the “new” tenant or the fact that other lenders considered it a “unique” property. Apex Commercial Capital is known for being truly flexible, and its streamlined approval process made it easy to process and approve the loan in the short time available.

Apex Commercial Capital proved that it is open to working with first-time investors and is genuinely committed to looking beyond the numbers to help clients succeed.

FINAL RESULTS

Working with Apex Commercial Capital, the client purchased the commercial building, making her first investment with the family trust, and officially launched her property management business. Now, she has a steady, dependable income stream from the property, and the existing tenant can remain in the building and continue running the grocery store. Win. Win.

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