GRP Capital

We are proud to announce a successful refinance for our North Carolina client! Mortgages are not forever, and a maturing note means it is time to take action right away. Our North Carolina client owned a franchised hotel. His mortgage was maturing and had a balloon payment at the end. Previously, he had renewed his mortgage with his existing lender. However, his lender’s appetite for hospitality lending had changed. The bank leadership had already filled their quota of hospitality loans. They no longer wanted to refinance or renew his maturing note. We have seen multiple cases of lenders not refinancing or renewing a maturing note. This can be due to the leadership directives of the financial institution, their internal industry quotas or internal risk assessment. Ultimately, our client turned to GRP Capital to find a suitable lender, one who had room in their portfolio for a hospitality loan. Read the details here: bit.ly/NCRefinance 📲 Contact our team today: grpcapital.com/contact . . . #lending #refinance #northcarolina #hotelloan #lendingsolutions #maturingnote #GRPCapital

Are you ready to refinance your small business or commercial property? Timing is everything. Let GRP Capital help you support your business goals by streamlining all the moving parts. ✔️ 𝗞𝗻𝗼𝘄 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲 𝗿𝗮𝗻𝗴𝗲𝘀 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀 𝗮𝗿𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝘁𝘆𝗽𝗲 𝗼𝗳 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. Rates will vary between conventional, SBA, non-recourse and bridge financing. And interest rates can vary by business project. GRP Capital can obtain a variety of term sheets for you after you determine what the most important aspects of a loan are. ✔️ 𝗗𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗲 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗼 𝘆𝗼𝘂. Are you concerned about government guarantees? Are you rate-sensitive? Does your loan need to have a certain length? Each borrower has definite priorities. Decide what are your 1-3 most important components of a loan. ✔️ 𝗚𝗲𝘁 𝘆𝗼𝘂𝗿 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 𝗿𝗲𝗮𝗱𝘆: If you are considering a refinance, gather your materials about your business operations (financial statements, business bank statements, budgets and projections). And also assemble the personal documents of any guarantors including three years of tax returns, personal financial statements and information about any other businesses of which you own 20% or more. Learn more about what to consider before you refinance on our blog: bit.ly/GulfCoastClosing Contact us: www.grpcapital.com/contact . . . #refinancing #smallbusinessowner #commercialproperty #lendingsolutions #GRPCapital

Need a team you can call at any time during the lending process? GRP Capital offers a personalized approach to lending. You can count on our team to answer your questions, offer advice, and help you navigate any challenges that will inevitably arise during the lending process. We have years of experience with successful closings across the country, so reach out today! 📲 www.grpcapital.com/contact . . . #lending #closing #personalizedlending #smallbusiness #commercialrealestate #grpcapital

Multi-family loans can be a very astute business decision for many entrepreneurs. Whether you are in the position to purchase an existing multi-family business, renovate or upgrade a property, or embark on construction, many lenders are willing to extend credit to qualified buyers. What are lenders looking for in a multi-family property? Why are multi-family loans great opportunities? We answer these questions and more on our latest blog. 👉 Read it here: https://lnkd.in/eDw8bGdH Let GRP Capital finance your next multi-family property. Send us your rent roll and T12 finances, and we’ll get you competitive term sheets so you can select the best option for your business objectives. ✔️ Contact us to get started: grpcapital.com/contact . . . #multifamilyloans #multifamilyhousing #lendingsolutions #entrepreneur #renovations #investmentproperty #GRPCapital #GRPblog

Are you considering a renovation loan to tackle necessary updates? Here are a few basics you don't want to overlook: 1️⃣ Secure a general contractor if one will be needed. Many lenders require general contractors for large renovations, particularly if there will be architectural changes. Even if you have reliable maintenance staff who can handle large jobs, you may still need to bring in a GC. 2️⃣ Stay on top of budgeting. If your loan will include renovations, the lender needs many details. Most importantly, they need the components of the renovation broken down by line item, materials and labor. And if this changes through the underwriting process, the budget has to be revised. 3️⃣ Determine down time: Will renovations affect your business? Will you be able to have customers or will you be partially open for business? Be sure that your financial projections and your timeline are clear, so the lenders can build in interest free periods while you are not taking in revenue. With the right plan for renovations, you'll be on your way to reaching your business goals even faster. ✔️ Reach out to our team to talk through your options: grpcapital.com/contact . . . #renovationloan #businessgoals #renovations #funding #GRPCapital

Take the next step toward your future goals and refinance with GRP Capital! ✨ With years of experience working with clients across the country to provide funding solutions for small businesses and large commercial projects, we are here to help you choose the right financing path to propel you forward. Contact us today! 📲 www.grpcapital.com/contact . . . #refinance #lendingsolutions #smallbusinessgoals #funding #commercialrealestate #GRPCapital