Commercial Lending Solutions successfully arranges financing for a local restaurant

Woodstock, GA — The Atlanta based company Commercial Lending Solutions, LLC announced today that it has successfully arranged financing for the expansion of Tuscany Grill restaurant in the Town Center area. The transaction was a SBA 7A loan, utilized for the purchase and build out of the new location located just a block away from the current location. The new address is 250 Cinema Way in Woodstock, GA and is scheduled to open in mid-to-late July 2010.

Commercial Lending Solutions worked exclusively on behalf of the borrowers to secure the loan through a Georgia-based community bank. Regarding the transactions, Commercial Lending Solutions president Erica Parker stated “In light of the current lending environment, the successful closing of this transaction is a testament to both the strength and quality of our clients, as well as the deep relationships we have developed with our funding sources.”

Commercial Lending Solutions first understands your cause, and then they invest in it. Through a proprietary service called PROPEL, they build the business case for the right lender to extend favorable terms and conditions to their clients. It’s the difference between yes and no, success and failure. Working with a wide variety of lenders, Commercial Lending Solutions finances transactions ranging from $500,000 to more than $50 million with a focus on Senior Living Communities.

For inquires, please contact Erica Parker at eparker@clscause.com or visit www.clscause.com.

 PROPEL means to drive, or cause to move, forward or onward.

 Commercial Lending Solutions defines propel as follows:

 To make happen, to satisfy a cause, to accelerate a financial transaction, objectively build the business case of the borrower while satisfying the risk/reward appetite of the lender, to advance to the closing table.

 PROPEL advances the cause of both sides of the equation and expedites the transaction to the closing table.

 Borrowers Need = Lender’s Appetite

 Successful deals are defined by PROPEL.  More than an executive summary, PROPEL:

• Establishes the business case for both borrow and lender.
• Serves as an introduction to the borrower’s business plan, past financial statements, future cash-flow projections, etc.
• Serves as an answer to every possible objection of the lender
• Serves as a win/win document to expedite decisions, gain optimum terms & conditions and advances the cause of both parties to the closing table.

 In the commercial real estate industry, CLS is the exclusive source for PROPEL.

What’s Your Cause?

 I can’t help but hope that our government will get it right this time.  Small businesses are the pulse of our economy and yet they are failing daily.  We need help Mr. President!!!  No need to worry about us Small Business owner not taking care of our obligations. Typically our “obligations” and our “customers” are one in the same.  And as small business owners, we are smart enough to know WHO to take care of.  Let’s get it right this time around.

http://whitehouse.blogs.foxnews.com/2009/10/20/looking-ahead-obama-administration-to-help-small-businesses/

If you need money for your business, your first thought is go to your local bank and speak with your favorite banker.  The banker than takes your request to their loan officer.  Once this person reviews your information, they will contact and advise you as to whether or not your request fits into their lending parameters.  This is the key to securing funding for your business with any lending institution.  Does your need fit their portfolio requirements?

Lending Parameters are very real and vary from lender to lender.  For example, there are some lenders who prefer not to include hotels in their lending portfolio, which means a customer desiring to acquire or construct a hotel would not fit into their lending practices.

True story….  I received a referral from a lender who was unable to fund the construction of a hotel for one of her favorite customers.  The project itself made sense.  The borrower had bought and built over 14 hotels over a 20 year span.  All of those hotels still in his portfolio are performing well even in this economy.  He has already invested over $1.2 million of his own capital in this project and needs less than $3.0 million to complete it.    His personal financial statement is stellar and experience level superb.  So why on earth would a lender not do this project for one of their longtime customers?  Because the property type (Hotel) no longer fits into their lending parameters.  Simply put, the lender is not interested in hotels.

The beauty in this is there’s funding available with other lenders who actually have a taste for YOUR business.  Whether it’s a restaurant, hotel, office building, industrial building, etc., the key is to find the right fit for both the lender and borrower.  This is one of the values of working with a reputable commercial broker.  For example, CLS has already made the upfront investment with dozens of funding resources to understand their lending parameters, their appetite for certain transactions and their tendencies for SBA guaranteed loans. Bridging the cause of borrowers and lenders, that’s what CLS does best.   What’s your cause?

Erica Parker, Owner/Broker    Commercial Lending Solutions     www.clscause.com