One option for businesses to consider for securing financing is to take advantage of private placement programs (PPP) through Commercial Lending Corporation. With a PPP, you can obtain financing for a wide range of reasons, such as new property purchases, expansions, new construction, rehabilitations, and refinancing existing loans. The proceeds from the PPP may be used by apartments, assisted living care centers, offices, restaurants, automotive, mobile home parks, hotels, gas stations, casinos, public and private schools, day care centers, grocery stores, industrial and manufacturing, and most other income producing projects.
How a PPP works through Commercial Lending Corporation (CLC) is not a complicated process. In 2012, there was over $1.3 trillion raised from private lending sources to be used for PPPs. Using a PPP gives you the capability to raise capital in compliance with Federal and State regulations, and provides the fundamentals necessary to accomplish soliciting and accepting investors from potential lenders. CLC underwrites the file, and their legal staff helps prepare your Private Placement Memorandum for their accredited investors to reviews. If their private investors like your offering, they write a check. The amount of their check depends upon how much they want to invest in your business. Just remember, that CLC has hundreds of private proprietary accredited investors always seeking good investments.
The amount of money available through a PPP depends upon your project. Some examples of the properties CLC has helped in the past include:
- $7 million for a hotel
- $29 million for movie productions
- $2.1 million for a 24 home residential subdivision
- $22 million for an intellectual property development project
- $4.3 million for a new construction a new golf course
- $9 million for mineral exploration
- $7.4 million for a regional airline expansion
To see if a PPP is right for you, or if you have other questions or concerns, do not hesitate to contact CLC and discuss your needs.
Tagged: Commercial Lending Corporation