Local Kitchen in Tennessee Receives $3MM SBA Loan for Business Expansion
We are proud to have helped a local kitchen in Williamson County, Tennessee see their dreams of expanding their at-home business come to life. Focusing on gourmet homemade meals that families can conveniently purchase and then cook at home became a staple for the community and beyond. The commercial kitchen in their home no longer fit the bill and the client needed to purchase a building in order to expand and keep up with demand. Our team was able to assist the client by helping them secure a $3,022,000 SBA loan. Our expertise was able to guide the client through the expectations and requirements of SBA loan products - allowing them to close as quickly as possible.
Have a small business or would like to explore SBA loan opportunities? Contact us today to get the conversation started: https://alternativecapitalsolutions.com/funding-application/
Repeat Client Closes $6.2MM Commercial Property Purchase in Tennessee
Our team at Alternative Capital Solutions was able to recently help a long-term client close a $6.2MM loan for the purchase of 133 acres in Portland, Tennessee. A native of Bowling Green, Kentucky and a well-known developer, our client allowed us to work locally and we were able to secure financing for this deal using a Tennessee community bank. Sitting as a previously stalled development project, the large tract of land will now be revived by our client and will boast 269 single-family residential lots with Phase 1 of the project launching soon with 84 pre-paid lots. This loan closing is a testament to our Credit Team and our repeat clients who trust us to secure the right funding quickly and easily.
Have a commercial real estate deal that you would like to talk through? Our team is comprised of creative outside-the-box thinkers who thrive in finding unique funding solutions. Contact us today by submitting a Funding Inquiry via our website: https://alternativecapitalsolutions.com/funding-application/
What Survives Early Filtering in Commercial Lending
DealTalk Podcast host and CEO of Alternative Capital Solutions, Terry Luker, sat down with Commercial Capital BIDCO and Alternative Capital Solutions' VP of Operations, Jeff Luker, to discuss how early deal filtering in commercial lending is currently impacting the industry. Listen in to the latest episode of the DealTalk Podcast to learn more about what Commercial Lenders are seeing with SBA as well as tune in for new deal and lender spotlights!
View the full episode on the DealTalk YouTube channel here: https://youtu.be/96ol1I6761U
Listen to the full episode on the DealTalk Spotify channel here: https://spotifycreators-web.app.link/e/dYx1RBEtP1b
ACS Funds Start-Up Automotive Repair Shop in Florida
Alternative Capital Solutions is pleased to announce the funding of a start-up automotive repair shop in Mount Dora, Florida. The amount funded totaled approximately $810,000 and the loan proceeds will be used to fund the full start-up process for the repair shop. Funding a start-up business can be a fulfilling process as you are able to provide support for a new entrepreneurial and investment opportunity! Learn more about this deal as well as talk through your potential deal by contacting our team. Submit a deal inquiry today on our website by clicking here.
Bakery in Utah Secures Financing for New Location Build-Out
Our team at Alternative Capital Solutions recently helped a bakery and deli owner based out of South Jordan, Utah secure a $678,000 loan. This loan will be used for the future build out of their latest restaurant location within the South Jordan market. This deal had a lot of moving parts, but we are excited to have made it to the closing table with a new client relationship and the ability to help them further with their business loan needs.
Want to learn more about Alternative Capital Solutions and how our team can develop a loan strategy that suits you and your business' needs? Submit a deal inquiry today on our website or submit the contact form. We're looking forward to speaking with you!
Get all the details at AlternativeCapitalSolutions.com.
ACS Closes $5MM Second Lien on Tennessee Hotel
CLOSED & FUNDED! Our client was completing a major Property Improvement Plan and needed to tap into their equity on the property in the amount of $5,000,000. The east Tennessee hotel and hospitality property performs extremely well. Due to the impeccable financials, Terry Luker and our team was able to secure a second lien on the property and get the client the $5,000,000 they needed to complete their renovations. We completed the second lien financing to keep the first lien in place due to the value of the lower interest on the first lien. We're excited for our client as well as the positive outcome of this creative deal structure we created with the second lien.
Have a property that needs renovations, improvements, or has equity that needs to be utilized to strengthen other areas of your business? We would love to help! Submit a deal inquiry form today HERE ON OUR WEBSITE.
ACS Welcomes New CFO
Please help us give our new Chief Financial Officer, Michelle Jordan, a warm welcome! Ms. Jordan joined our team this October and hit the ground running by joining us at the NACLB Conference in Las Vegas. Prior to her employment with us, Ms. Jordan served in several roles including Corporate Controller and CFO for a variety of financial services companies in the Nashville area. Ms. Jordan is a licensed CPA in Tennessee, and she earned her BS in Accounting from Lipscomb University in Nashville. Ms. Jordan is a member of the AICPA and TSCPA and she resides in Williamson County, Tennessee.
Our In-House Credit Team Has Two New Faces!
We are thrilled to have added Harrison Fuller and Gideon Goodmanson to our team of Credit Analysts earlier this year.
Harrison joined ACS as a member of our Credit Team in September of 2022 after spending two years in the hospitality industry. During a college study abroad program, he discovered how much he enjoyed working with and creating connections with a multitude of individuals. Harrison’s favorite aspect of his role as a Credit Analyst is building lasting relationships with clients and supporting them to accomplish their goals.
Gideon Goodmanson also joined our Credit Team as an Analyst in September of 2022. He previously worked in the automotive industry as a salesman. Outside of his time at ACS he enjoys outdoor activities such as off-roading and skeet shooting.
Harrison and Gideon are both already off to a roll serving our clients and are looking forward to a busy 2023!