Check out our Recent Work
Rely on the experienced professionals at JDMA Capital Advisors LLC for loan packaging and advisory services with quick access to capital. Think your deal is too complicated or outside the box? Take a look at some of the recent transactions JDMA made happen and contact us to learn more.
Hard Money to Conventional Loan: $600,000
Situation
JDMA had helped a bar owner obtain a hard money loan of last resort to avoid an impending tax sale with taxes owed including to the IRS. The market for financing for this borrower was very limited.
Solution
Upon “cleaning up” the borrowers profile, JDMA stepped in to lead the bar owner to a conventional lender that would overlook these recent credit blemishes and agree to extend the borrowers a 25-year fully amortized cash out to cover deferred maintenance and upgrades.
Loan Terms
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25 Years fully amortized
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Pre Pay: 5, 4, 3, 2, 1
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Rate: 8.9%
Asset Based Working Capital Revolver: $500,000
Situation
Philadelphia based commercial construction firm was being pushed out of their longstanding bank loan due to the bank’s decision to adjust their charter and move away from lending to contractors. The bank had been engaged in “winding down” its loan by sweeping cash from borrowers operating account, thereby rapidly depleting the borrowers working capital and jeopardizing the ability for the company to continue operations.
Solution
JDMA was able to work closely with an ARE asset based lender with whom Mr. Andrews enjoyed a 10-plus year relationship in order to pay off the bank quickly. The deal was structured as a revolver secured by accounts receivable together with a term piece collateral by a second position on personally held real estate. The final pay off represented a discounted figure from the initial amount due to the bank, which the bank agreed to in exchange for an expeditious closing.
Loan Terms
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3 origination points on facility
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Prime plus 4 on revolver
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13% APR interest only on term loan
SBA 7A Loan: $600,000
Situation
A prominent hair salon and spa was seeking to expand to a third location to be opened within a high-end hotel. Borrowers also needed to retire some expensive short term debt that was crimping its cash flow at the existing locations.
Solution
JDMA worked directly with the chief lending officer of a national SBA Lender to secure a term loan that paid off all outstanding loans and provided the capital needed to fit out the new space and acquire the needed fixtures, furniture and equipment (FFE) to open the new location. The borrower was also afforded some working capital to begin operations.
Loan Terms
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Ten (10) year term fully amortized prime plus 2%
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*These loan terms saved the borrowers several thousand dollars monthly on debt service obligations.