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May, 2019

KCMI Closes for $650,000 in PA

These daycare owners were in the process of transitioning from renting in four separate locations, to moving one of the four into a newly constructed facility. They were brought to us in search of a loan to acquire a new property to convert into a daycare.  As KCMI does not provide rehab funds, but we do have the unique ability to provide blanket/cross collateralized single loans that cover multiple properties while only incurring the fees of one loan.  We were able to provide 100% financing on the purchase of the new building by taking both assets.  The new building came back well under the value that we were anticipating and KCMI was able to make the correct adjustments to get the borrowers what they needed.   While most loans in scenarios like these are short term and require a time sensitive take out, we provided a 30 year fixed loan allowing the borrower the time and flexibility to successfully run their business.  And the broker made a fast $18,000+.

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KCMI Closes for over $900,000+ in NY

When this borrower needed funds to purchase another investment property, and they needed them in 7 days, they didn’t know who to call. Good thing their broker did.  KCMI committed, appraised and closed the loan in 7 business days providing the borrower the capital needed for their investment acquisition.  And the broker made a fast $20,000+.

March, 2019

KCMI Closes for $400,000 in AZ and NY

In this situation, our borrowers had a wrap mortgage on their property. In essence, they purchased the real estate with seller financing and agreed that the sellers mortgage would remain on title. So, as they made their mortgage payments to the seller, it was up to the seller to pay the mortgage from these proceeds.

The issue came when there was a disagreement with the seller and despite our borrower continuing to honor their monthly payments, they (the seller) stopped paying the mortgage on the property.  Naturally, the lender wanted to come after the property putting our borrower in a very bad position. Time was of the essence.  KCMI saw the opportunity and lent the borrowers the capital to pay off the previous owner, and their mortgage, and saved the property from falling into the wrong hands.  And the broker made a fast $12,000!

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KCMI Closes for over $270,000 in FL

When this church out of Ohio relocated to Florida, a few of the parishioners d secured a hard money loan to facilitate the purchase of their new place of worship. They had done so by securing 3 separate loans that all were due to mature. As they are a new, recently relocated non-profit, the traditional banks all turned them away.  They did not know where to turn.  Good thing their broker did.

KCMI saw the value in the deal and provided the church a long term, 30-year fixed solution. We paid off all the private loans while lowering their payment and relieving them from the anxiety of the short-term maturity.

January, 2019

KCMI Closes for over $350,000 in PA

In this situation, our borrower was in need of fast cash out to purchase another piece of investment property under contract.  The borrower was in jeopardy of losing this sale.  KCMI saw the strength in the deal and provided the cash out the borrower needed inside of a few weeks.  KCMI also provided a 7.99% rate on a 30 year fully amortizing mortgage.  And the broker made a very fast $7,000+.

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KCMI Closes for $930,000 in NY

For this mixed use cash out refinance, the proceeds were used to purchase inventory for a family run cheese manufacturing business that had suffered a fire a few years prior. As the insurance proceeds were settled, the borrowers were getting ready to open and needed immediate money to purchase inventory for the fulfillment of orders. KCMI saw the great opportunity to provide the capital needed and closed the loan in a few short weeks.  And the broker made a fast $25,000+.

November, 2018

KCMI Closes for $200,000 in NY

Our borrower had an existing medical transportation service business and wanted to move from leasing a space into their own building for the business. The property was in upstate NY in a smaller market, preventing many lenders from being able to lend in this location. A small loan amount under $200,000 also kept many lenders out of the market. The broker knew just what to do.  KCMI gave them a fixed, fully amortizing 30 year fixed commercial mortgage helping the borrower achieve their goals.

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KCMI Closes for $868,000 in NY

In this situation, our borrowers were the highest bidders on an investment diner opportunity.  As the sale was an auction bid, they had put down a substantial down payment and stood to lose it if they did not perform in a certain time frame. KCMI committed to the deal on 7th and was able to get the appraisal and title work completed to fund the deal by the 14th for one of our fastest closings ever. 7 days! And the broker made a very fast $40,000+.

September, 2018

KCMI Closes for $200,000 in NY

Our borrower had an existing medical transportation service business and wanted to move from leasing a space into their own building for the business. The property was in upstate NY in a smaller market, preventing many lenders from being able to lend in this location. A small loan amount under $200,000 also kept many lenders out of the market. The broker knew just what to do.  KCMI gave them a fixed, fully amortizing 30 year fixed commercial mortgage helping the borrower achieve their goals.

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KCMI Closes for $180,000 in NJ

When this general contractor needed working capital for his expanding business, but his credit wasn’t where it should have been, his local banks all turned him down. KCMI saw the value in his commercial condo’s, and provided a cash out blanket loan giving him the working capital his business needed.  And the broker made a fast $8,000.

July, 2018

KCMI Closes for $500,000 in FL

When this family owned/operated motel was in covenant default with their bank, and the borrowers were in jeopardy of losing their property, they didn’t know where to turn. KCMI took the time to listen to their story and truly understand the borrower’s needs.  Not only did we provide the capital to pay off the debt…  Not only did we give them a 30 year fixed fully amortizing commercial loan…  The broker made a fast $20,000.

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KCMI Closes for $390,000 in NY

When this borrower was up against a high interest note, and was facing a balloon maturity, he didn’t know what to do.  Good thing his broker did. KCMI took the time to listen to the borrowers needs and provided him a 30-year fully fixed loan in the 8’s. KCMI closed the deal saving him from the maturity inside of 30 days. And the broker made a fast $13,500.

May, 2018

KCMI Closes for $900,000 in GA

When this investor needed to refinance his 74 unit apartment complex to pay off a high interest, ballooning loan and get cash out for renovations, and the local banks wouldn’t touch the property because it wasn’t stabilized, he didn’t know what to do. Good thing his broker did.  KCMI paid off the maturing debt and gave the borrower the working capital he needed to expand the rent roll.  And the broker made a fast $27,000.

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KCMI Closes for just over $875,000 in NY

On this $875,000+ loan in Long Island, KCMI paid off the borrowers mortgage and in doing so, accomplished several things. Not only did KCMI provide them a better interest rate, not only did KCMI provide them with a fully amortizing 30 year fixed note, but the borrower also took cash out for working capital.  And the broker made a fast $26,000+.

April, 2018

KCMI Closes for $325,000 in FL

When these restaurant owners were under the gun to close on the property they had been renting, and their contract for sale was about to expire they were in jeopardy of losing the sale. Their local bank had dragged their feet and couldn’t perform. KCMI saw the opportunity and closed the loan in 7 business days saving the borrowers from having to move their business. And the broker made a fast $10,000.

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KCMI Closes for just over $485,000 in OH

When these non-profit business owners were looking to stop renting and expand their operation, and their financials were not very strong, they didn’t know where to turn. Good thing their broker did!  KCMI looked at their bank statements and got a comfort level with their growth and closed the loan in the time frame needed.  And the broker made a fast $14,000+.

March 2018

KCMI Closes for $425,000 in PA

This borrower had been a prominent customer of a local bank that had many credit facilities for his businesses. Upon review, the borrowers loans and credit lines were called.  In addition to refinancing out these loans, he was hoping to obtain some cash out in order to also pay down some of the other credit lines. Fortunately, KCMI Capital was there to listen to the story and help the borrower accomplish his goals in a matter of 3 weeks.  KCMI provided a $400k+ loan on a 30 year fixed rate.  And the broker made a fast $12,000+.

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KCMI Closes for just over $200,000 in NJ

When this doctor needed working capital for his practice, and his local banks kept telling him no, he didn’t know where to turn. KCMI listened to his needs and saw the value in the story and real estate.  KCMI closed the loan inside of 30 days providing the borrower the cash he needed to expand.

January 2018

KCMI Closes for $300,000 in NY

When this property owner was looking to buy the property his business was renting, and his tax returns didn’t support his debt, he didn’t know where to turn.  Good thing his broker did.  KCMI saw the value in the borrower’s real estate and story and closed his loan in 30 days saving him from looking for another location for his business.   And the broker made a fast $12,000+.

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KCMI Closes for $285,000 in MD

When this borrowers Father passed away and the office condo property was left in a trust, he was looking to buy out his other 3 siblings.  KCMI paid off the siblings with this 70% LTV deal, at a rate of 8.25% fixed and fully amortized for 30 years.  KCMI was the answer!

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KCMI Closes for just under $440,000 in MA

When a long time successful daycare owner was in a lease-purchase, and found themselves in the position to make the leap to ownership, there were not a lot of options. Fortunately, KCMI was able to help the borrower obtain ownership of the property with very little new money being brought to the table.  KCMI provided them with a 30-year fixed rate, fully amortizing mortgage. And the broker made a fast $16,000+.

December 2017

 

KCMI Closes for $400,000 in NY

When a non-profit organization’s commercial mortgage had matured, they did not know who to turn to  with no one there to personally guarantee the loan. Fortunately, their broker did. KCMI has the ability to lend on non-profits with no personal guarantee and got them the cash out they needed and into a new 30 year fixed rate, fully amortizing mortgage. The broker was able to make a quick $12,000.

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KCMI Closes for $400,000 in MD

After a borrower in need of cash out to rehab some of his empty units in his multi-family property was turned down by his bank he was unsure where to turn. Their broker knew just the place. KCMI was able to get them into a new, fully amortizing 30 year fixed rate fully amortizing loan in under 30 days. The broker also made a quick $12,000.

November, 2017

KCMI Closes for $600,000 in FL

When this Bar/Restaurant owners high interest rate mortgage was poised to mature and he wanted some cash out to improve the property, he didn’t know where to turn.  He was unable to get into a conventional lender due to the reported cash flow and restraint industry outlook.  KCMI saw the value in the borrower’s real estate and story and lent him $600,000 on a 30-year fixed with a rate in the single digits.  This eliminated his interest rate anxiety and loan maturity, and gave him the funds he needed to breath.  Due to a great team effort, KCMI was able to get this loan closed in 30 calendar days.  And the broker made $30,000+.

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KCMI Closes for just under $115,000 in PA

KCMI received this deal in early November as the broker was in need of a lender who could work quickly so the borrowers would not fall out of contract on the property they were looking to purchase.  KCMI saw the opportunity in the deal and was able to commitment quickly.  Two weeks later, the deal was closed.  And the broker made a fast 4 points.

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KCMI Closes for $200,000 in NY

When this borrower needed to refinance to pay of some seller financing and was also seeking cash out for working capital, and his local banks all turned him away, his broker knew just what to do.  KCMI took control of the deal, paid off the previous owner, cashed out the borrower, and the broker made a fast $8,000.

OCTOBER, 2017

KCMI Closes for $300,000 in OH

This borrower purchased a distressed multifamily property with private financing.  After a few months of renovation and leasing, he was able to significantly improve the properties cash flow and occupancy.  KCMI saw the value in the transaction and by taking additional piece of collateral, KCMI Capital was able to get the borrower out of his short term high interest rate loan and into a fully amortizing 30 year fixed mortgage.  And the broker made a fast $21,000.   

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KCMI Closes for $500,000 in NY

When this borrower needed cash out of his free and clear building because he wanted to purchase another investment property, and he needed it fast, his broker knew just what to do.  KCMI saw the opportunity and closed the cash out loan for the borrower in just about 3 weeks.  And the broker made a fast $15,000.        

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KCMI Capital Closes for just over $55,000 in OH

When this small business owner found a property to centralize all aspects of his business into one location, he was excited to make the move.  After the offer was excepted, he quickly realized that he was being turned away by the traditional banks due to the loan size being so small.  KCMI was able to fund the deal and get the small business owner into a property where he no longer has to rent at multiple locations.  KCMI Saved the borrower $18,000 per year in rental expenses and the broker made a quick 4% on the transaction.   

KCMI Capital Closes for $250,000 in FL

When a local SBA lender found themselves unable to assist a client due to a large sum of money being owed to the IRS, he knew just who to call. KCMI was the answer! Even though there were some serious credit issues and a fair amount of IRS debt, KCMI saw the quality in the borrowers years of perfect pay history.  It was this, combined with good borrowers, a good story and a good building that all added up to a closing!  KCMI provided the borrower with a 30 year fixed rate fully amortizing mortgage with a manageable payment that will allow them to focus on the success of their business. Get your deal to KCMI today!

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KCMI Capital Closes for $500,000 in NY

When an investor of a light industrial property on Long Island needed cash out in a hurry, and he was turned down by the traditional banks due to a few credit issues, he didn’t know where to turn.  Good thing his broker did.  KCMI Capital listened to the borrower to understand his credit issues and financing needs.  These needs combined with the borrowers story and great property all added up to one thing.  A very fast cash out refinance for the borrower.  And the broker made a fast $10,000!

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KCMI Capital Closes for $1,000,000 in NY

When this family needed working capital for a development deal they were working on, and one of the members credit had some bumps and bruises, they didn’t know where to turn.  Good thing their broker did.  And the answer was KCMI.  KCMI closed this multi-family property in under 30 days providing the family the cash out they needed for their development project.  And the broker made a fast $35,000.

KCMI Capital Closes for just over $270,000 in NJ

A broker recently came to KCMI with a client that was in a rush to close on an investment office building he had owned for many years.  The borrower needed the funds as he was looking to purchase another investment property and needed to perform quickly.  KCMI saw the value in the story, building and the borrower and closed the loan fast.  From commitment to closing in 16 days and the broker made a fast $11,000.

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KCMI Capital Closes for just under $500,000 in PA

When this experienced real estate investor and entrepreneur came to us in need of working capital for a new project, and had been turned down by other institutions due to some bumps in the road, they didn’t know what to do.  Fortunately, their broker knew just the place.  KCMI was able to get them just under $500,000 and turn this loan from submission to cash in the borrowers hands in exactly 20 calendar days with a full appraisal.  And the broker made a quick $18,000.

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KCMI Capital Closes for over $600,000 in NC

When this borrower had a maturing note coming due with his private mortgage holder on his Raleigh, NC office complex, and his credit was less than perfect, he didn’t know what to do. Good thing his broker did. And the Answer was KCMI. Not only did KCMI see the value in the borrowers story, but we say the value in his CRE where others didn’t. KCMI lent the borrower just over $600,000, closed the loan inside of 30 days and got him out of the maturing debt. And the broker made some fast cash! Get your deal to us today!

KCMI Capital Closes for Just Under $400,000 in NY

When these New York borrowers needed fast cash for their mixed use property, and their local bank told them no, they didn’t know where to turn.  Good thing their broker did…  And the Answer was KCMI.

KCMI closed the loan in just under 3 weeks and the broker made a fast $16,000!

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KCMI Capital Closes for Just Under $400,000 in RI

When this borrower was up against a high interest ballooning note, short term seasoning concerns and a problematic title, he didn’t know where to turn.  Good thing his broker did.  And the Answer was KCMI.

KCMI not only saw the value in the real estate, but took time to listen to the unique circumstances behind the borrowers story.  We cleared the title, paid off the maturing debt and closed the loan inside of four weeks.  And the broker made a fast 4%! Brokers make more with KCMI!

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KCMI Capital Closes for $540,000 in MD

When these borrowers needed fast cash to close on an investment property they wanted to buy, and time was of the essence, they didn’t want the long process with a traditional bank dragging their feet.  On top of this, they didn’t want to involve the property they were buying as collateral for the cash out.  They didn’t know what to do.  Good thing their broker did.  And the answer was KCMI.  Not only did KCMI see the opportunity in some office condos they owned, we provided them the cash out they need and closed in just around 3 weeks.  And the broker made a fast $20,000.

KCMI Capital Closes for Just Under $600,000 in FL

When this borrower wanted to purchase this beachside hotel/motel in Florida, and didn’t have the financials that the local banks wanted, he didn’t know what to do.  Good thing his broker did…  And the Answer was KCMI!

KCMI stepped in and closed the loan in under 30 days from commitment and both the buyer and seller couldn’t have been happier.  KCMI saved the day and the broker made a quick $15,000.

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KCMI Capital Closes for Just Over $600,000 in NY

When this gutter company needed working capital and inventory for their business to buy in bulk, they turned to their local bank who tuned them away.  Good thing their broker know just what to do…  And the Answer was KCMI!

KCMI not only saw the value in the real estate, but saw the value in the borrower and their business plan.  KCMI closed the loan for just over $600,000 and the broker made a fast 3%.

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