No Money Down on $3.3mm Transaction
I tell people I paid no money down on my building because its a sexy story, let me tell you how I got there. 2 words: John King. His communication and follow through allowed my deal to happen. When I first found Green Commercial Capital online I was skeptical that it could be true. I called John King on a Saturday morning and he called me right back and laid out the truth about why banks would be willing to do this type of deal. He was a great resource as he shopped my deal around and ended up being a wealth of knowledge through out the process. His knowledge about what we could do versus the 3 other “SBA specialists” at banks I had met with completely changed our perspective deal. We bought an old building for $2,250,000 and sank $880,000 into a remodel project over the course of 8 months. The deal had a lot of hiccups through out the process, on the banks side, and John was there every step of the way to help push us forward. Overall we had under $19,000 out of our pocket including rolling in all of our closing costs and SBA fees. That’s 57bps and I would round that to 0 for the sake of story telling. Being able to do this deal with virtually no money out of our pocket was the right deal for us. Since the SBA protects you from the lenders by capping their interest rates and fees we came out with a great loan and were able to keep $478,000 in our pocket versus a 15% down payment. Simply put, we would not have been able to buy the space we needed if it weren’t for John King and I would recommend him to anyone.
Ft Worth, TX
I just wanted to send you a quick note to thank you for the great service you provided. From the beginning I felt like I was in good hands with the quality of support I received from you.
During this process I dealt with several potential lenders. However, there was always the “sales” angle whenever I spoke to them. I guess I can’t fault them for it since this is why they are in business.
With you, I felt like I was getting honest answers without the pressure of being rushed into making a decision.
I realize that I may have pushed you to the edge at times because of my lack of knowledge about the process and I want to thank you for being patient with me.
If the opportunity ever comes up again, I would not hesitate to deal with you again. Thank you once again.
I wanted to thank you for your help in our re-financing. Your company & specifically you, provided a high level of professionalism, honesty and concern. This was the easiest transaction I have ever completed, not even my own bank provided the quality and quickness of a re-finance.
I will recommend you to all I know, and if in the future I need another loan or re-finance, you will be my first call.
Please feel free to call or email me with any questions and once again thank you .
Yes, everything at the closing went very well. In fact, it went so smoothely that I was a little amazed. We walked in and out of the title company in about 30 minutes with no problems whatsoever 🙂
Thanks for all your help and assistance every step of the way. Both you and your assistant were just wonderful to work with, and I’ll indicate that on the form I received. I appreciated your responsiveness and reassurances during the process, and your asst was on top of everything and very persistent in following through on details. It will probably be some time before I buy another property, but when I do, I will certainly ask for your help again.
We took a little time off also and I’m just catching up with emails…
Everything went smoothly, you and your team were great to work with. My husband and I really appreciate how you turned around our application so quickly and that you made it so easy for us. It was a pleasure to work with you!
As you know, we had been working with another lender and provided mountains of information on a “low-doc” loan. And even then, we were sure it wouldn’t close on time. The difference was night and day.
You and your company did something for my wife and I that was trully unimaginable before I met you. The loans that you were able to place us in were of so much tremendous benefit, that to this day, I still have a hard time believing that it is in fact a reality and nothing will / can change that. .
Everything went great. That was the smoothest real estate loan I ever got. Even my Title Company commented on how cleanly everything went. I am going to be recommending your company to my clients, particularly those who have large current equities and want to invest in Arizona real estate. Also, can you send me a copy of the appraisal. I understand that I have to request that. Thanks again, I be in touch.
Just returned from closing on the refi and wanted to thank you and your staff for the efficient handling of this process. It’s incredible to me that in a couple weeks you could accomplish what the original local group I had been working with was unable to accomplish in over two and one-half months.
I will be pleased to recommend you and your bank to all of my friends and business associates when they have similar financing needs.
Just wanted to drop a short note to you to thank you for all your help in getting us approved for the mortgage on the new house here in Charlotte.
The process couldn’t have gone more smoothly.
Went just great. Thanks for all your help in this. As it turned out, we had about the same out-of-pocket as we would have had with the previous house, but a better property overall.
Now that we’ve closed, could we have a copy of the appraisal for our records?
Closing went fine, thanks. There was a problem with the old heloc, the loan hadn’t been recorded. I had to pay for that and am now pursuing a refund from the original mortgage company. Other than that everything went very well, thanks very much for your help!
Thank you for helping me to explore my options for the best possible loan to fit my needs. Your honesty, professionalism and timeliness has been very appreciated!
Everything seems to be going smoothly. I signed the papers last Thursday, Colleen will be ordering the funds tomorrow and then recording everything. Just waiting for the money. Thanks for all your help.
You were very professional and I appreciated it.
I greatly appreciate your efforts in helping me stay within my desired time to close my loan by year end. It has been a pleasurable experience working with you and your bank. Thank you for everything.
Have a happy & healthy New Year!
I am extremely pleased with the loans you helped me obtain. Your service, rates, terms and professionalism impressed me. I could not be happier.
You truly are great at what you do!
Everything went fine and the process was so easy and simple thanks to you. I hope you have a happy holiday.
John S. Virginia
Just wanted you two to know that everything closed without a hitch!
Thank you so much for your time and effort with my Mortgages.
I would like to thank you somehow….I wish it was legal to send you a bottle of something through mail J
You Deserve It!
We did the closing today. No problems. Thank you very much for everything. A pleasure doing business with you.. Thanks again
Thanks for your help and support. You all are a great team and you did a wonderful job. Your attention to your customers is second to none. We will definitely call on you in the future.
John & Charlotte
Closing went well. Hard to believe we did it all through the mail and we were not there in person.
Allison and Jon
Perfect; great job and thanks for your help…I’ll try to send a few customers your way.
Just wanted to thank you for making this refinance so quick and easy. The only problem I had with the escrow company is the way they did the payoff of my old 1st, but they eventually figured it.
Again, thanks to you and your team for such prompt service.
Sorry the delay in getting back to you. Our internet service got interupted during the move. Everything went very well!
Thanks a lot for all your help and words of wisdom! Hope you don’t mind if I send a few of my colleagues your way. We were very pleased!
Eric & Amy
Everything went okay. The realtor messed up the timing on my walkthough before closing. But closing came finally and all is good! Thank you again for everything and for having patience with my agent.
Yes, everything worked out ok…. I’m still waiting for Oklahoma Title and Abstract to send me copies of everything as the payment coupons were among the docs I sent back….Other than that, thank you very much for delivering….
Happy New Year
Yes, perfect thanks again for everything.
I just wanted to thank all of you for the smooth and professional way that my refinance loan was handled. Your hard work is very much appreciated.
Everything funded but I haven’t heard if it recorded or not. Thank you for all of your help. I will definitely refer people to you.
Everything went find. I realized my question was moot, since we are
taking money out and not refinancing an existing
mortgage. I filled out wire xfr instructions which you should receive
with the docs. I was under the impression you would receive docs
today since there was plenty of time to meet any fedx cutoff. Thanx for
handling everything so efficiently. I did forget my hand would go
into a sling, having to sign as my husband’s agent. I have done this
before–traveling is a wonderful way to avoid these signings.
Everything went great! Sorry we haven’t gotten back to you. Our phone lines have been down due to bad weather. The girl at the title company said you were the most professional, nice loan officer she’s worked with. Thanks so much for everything. You’re great!
Everything was fine except for the funds not getting there on time. Fortunately , the relo rep is a patient and let us take the keys anyway. Thanks for all the help. You made it painless plus saved us alot on closing costs. Who knew origination fees varied so much?
I am so glad it is all over and we are now able to get in well before Christmas. We painted until 12:30 this morning and will be moving everything in on Friday.
Thanks for everything, except the stress J and I hope you and your family have a very nice Holiday season.
Thanks for checking in. Things went pretty well. There was a type-o on the pre-payment penalty that was fixed and resent to make it “soft” instead of “hard”. The settlement attorney also gave me a discount for the title insurance being an owner’s policy. The settlement firm was really good. I would use them again. I would also use your company again too. Thanks for all your help.
I want to thank you so much for all your help.You have truly put a big smile on my familys face.I appreciate all your help and kindness …. Thanx so much
Debbie L New Jersey
Closing was on schedule. We are packing and will be moving next week. My current email address won’t work after we move – I’ll let you know the new one when I get one. Also, please email me a copy of the Appraisal.
Thanks for everything.
Just wanted to thank you both for your prompt responses and SUPER fast service.
Your patience was very much appreciated
Loan has been finalized and gone smoother than I expected.
Again thank you both and have a GREAT Weekend!
Yes, we’ve had the closing and it looks like everything is all set. Thanks again for everything.
You’re a true professional. as of now, I have a 10/1 at 5.625 with 5% down and a 15% HELOC, but if you do hear of any great deals please let me know..< I’m all ears.
Best experience I have ever had – a 10+
Thanks! absolutely superior performance. Would you send us a your mailing address so that we may send a proper thank you?