Recently Funded Deals
Purchase to Rehab - Dallas, TX
Good Things Come to Those Who Wait. Although A&S Capital was aware of our recent borrower from their work in the industry, it took three years for the perfect project to come along and put us in business together. That familiarity and mutual respect paid dividends, however, when this Dallas, Texas rehab purchase went live: We knew the borrower had successfully completed similar plans in the past, and taking that into consideration, A&S was able to quickly verify their game plan and get the project funded. Can’t wait to see the final product!
Construction to Completion - Elizabeth, NJ
This recurring borrower originally purchased the lot with a small office building on it, the structure had to be demolished, and our borrowers had to work with the city to get permits and approved plans for the new multifamily structure they were planning on. Our borrowers are experienced operators that have completed similar ground-up projects in the same area with success. Elizabeth’s planning board granted unanimous site plan approval to redevelop the land. We evaluated the business plan and approved the loan with conservative terms.
Purchase to Rehab - New Smyrna Beach
This request was outside of our box since it involved getting approval from the city to convert the property to a multifamily. Since the property was operating commercially in a residential area and is surrounded by other multifamily properties, we received correspondence from a City official that there’s a good case to be made for getting approval on the conversion.
We evaluated the scenario and felt comfortable as this is a repeat client with good experience.
Purchase to Rehab - Newark, NJ
This new client had prior experience with rehab, but this project involved heavy rehab as the property was in poor condition and there was a need of conjoining two multifamily buildings.
To solidify the deal, we requested the borrower to bring an additional partner with more experience in heavy rehab projects. After verifying the zoning we felt comfortable with this project.
Fix and Flip - Wilton Manors, FL
This recurrent borrower was working on this property that had recorded liens impeding us from having a clean title. Our team trusted the process and stayed on standby while the seller tried to mitigate the code lien with the Special Magistrate. The seller was able to reduce the lien amount, and satisfied it on their end so we could close with clean title.
Purchase to Sell - Orlando, FL
A recurring client came to us with an interesting deal in Orlando, just a shout from the Happiest Place On Earth. They needed a bridge loan to split one large property into 85 individual parcels, to be sold individually. We approached the deal with caution and requested a commercial appraisal, and the deal was made.
Bridge to Permanent - Miami, FL
Because we’re a direct lender, A&S can accomplish things the other guys can’t. Take this underperforming property in Miami, right in our neck of the woods. When conventional lenders refused to give the borrower time to stabilize the property, they turned to us, and our cash flow analysis allowed us to structure a decent loan. Find out what we can do for you at ascapital.us.
Refinance to Rehab - Little Rock, AR
We’re occasionally approached by clients whose previous lender left them with a bad experience. For this property in Arkansas, the lender’s poor due diligence and lack of experience with double closings contributed to a messy situation for our client, even threatening them with technical default. We came in with our own analysis of the property and made sure everything was above board, and the situation was thankfully resolved.
Purchase to Rehab - Edgewater, FL
We’re no strangers to unconventional real estate projects. When a recurring client came to us with an idea to buy up all the condo units in a single building to convert into one multifamily complex, we weren’t fazed. We researched local ordinances to make sure the idea was legal and evaluated the project’s profitability. Everything checked out and we went ahead – that’s common sense lending in action!
Fix and Flip - Chicago, IL
Like many things in life, when it comes to lending, sometimes less is more. This operator approached us with an 84-property portfolio purchase in Chicago, but some of the properties had title issues that meant we couldn't close the entire property at once. Our answer? Split it in half! We divided the entire package into two loans to make sure we could finance the portion that was ready. Another smart solution, another done deal.
Refinance Cash-Out - Cincinnati, OH
We’re all about speed at A&S! This operator wanted to use the equity from a property in Cincinnati to finance a big multifamily project in Texas, but delays from their previous lender threatened their timeline. We knuckled down and negotiated with our appraiser and attorneys, collected the documents to begin underwriting and closed it on time. On to the next one!
Construction Completion - Los Angeles, CA
Have you heard A&S is now lending in California? This operator needed the cash to complete their 40-unit development in Los Angeles, but troubles with a previous lender threatened to shut the project down. They turned to us for help. We supplied them with a loan that satisfied the existing mortgage and provided the capital necessary to finish construction.
Refinance-Rehab Completion - Atlanta, GA
Our returning client bought this distressed property in an off-market deal, but the previous owner failed to clear some outstanding liens. We came in to help refinance. Our new deal helped the client recoup some of his investment, satisfy the liens, and get a little extra cash and a lot of peace of mind to help stabilize the property.
Purchase and Rehab - Flint, MI
Our repeat client was able to purchase this property after spending almost one year in negotiations. We were able to move on the deal at the very moment they informed us they were ready to close. We moved quickly and delivered on the original terms we had proposed almost a year ago. Our quick draw process and decision-making gets results.
Purchase and Rehab - Memphis, TN
This experienced operator was looking for a reliable lender that could help with this deal, a value-add multifamily project rehabilitating 334 units in Tennessee. Through mutual connections we were alerted to the opportunity and got it done. Here’s hoping it’s the first of many with these soon-to-be-repeat clients.
Refinance and Rehab - Atlanta GA
Our repeat client was looking for a refinance and rehab holdback loan on this 80-unit property, seeking to secure some additional cash for a new purchase while maintaining the funds necessary to cover the remaining renovations. Due to a healthy loan to value and a strong relationship with the borrower, we got it done the way they wanted.
Construction Completion - Brooklyn, NY
This experienced operator fell behind on interest payments for this beautiful, classic Brooklyn apartment building due to the COVID-19 pandemic. They needed a lender to refinance the payoff amount and give them $300,000 to finish converting from 16 to 20 units. Thanks to quick decisions and solid execution, this deal was closed in only two days.
Refinance to Rehab - Macon, GA
Transforming Challenges into Opportunities. Our borrower was nearly $6 million into a complex, challenging rehab of a vacant property when his then-lender stopped delivering on promised timely draws. The situation looked bleak until A&S stepped into the breach, providing funding that will not only payoff the previous loan but also get back to doing what they do best: finishing the rehab and stabilizing the units for future tenants in a timely, efficient manner.
Construction to Completion - Centerport
Our recurrent borrower needed funds to pay off their current mortgage and finish the project. After verifying the client’s track record, we learned that they had completed similar projects in the area.The appraisal determined a strong ARV for the finished property which made the loan a good fit for our criteria and common sense lending approach. Once the borrower sells the property, this project should earn him a nice return on his investment.
Purchase to Sell - Toledo, OH
The previous owner got into an agreement with the Ohio Housing Financing Agency for a development loan and tax credit that placed covenants on monthly rent and how the property is sold. We evaluated this new borrower’s plan and the project’s profitability to determine the feasibility of the exit strategy. We also subordinated the agreement so our lien could be in first position. The deal made sense to us so we gave it the go ahead.
Refinance - Jacksonville, FL
This recurrent client purchased this property at a deep discount due to its bad condition since it had been vacant for years. We felt comfortable with this loan because our borrowers are experienced in this geographical area, owning several properties nearby with success. We also know that the property has appreciated greatly since they purchased it, since the as-is value is $1.55M. The projected DSCR at closing will also give the borrower an easy exit to refinance our loan with permanent debt.
Purchase and Rehab - Newark, NJ
The previous owner had performed rehab work without permits nor City approval, deeming the work illegal.Our borrower will restore the property to its original allowable structure, which would not require City approval. The borrower will also file for permits to legally complete the renovations. Our client’s experience and healthy LTC & LTV helped us get comfortable with this deal.
Purchase to Rehab - Chicago, IL
We’re constantly monitoring the changing real estate environment at A&S. This deal, the second and final round of a purchase of 70 single-family homes, was complicated by interest rates rising after we had committed to terms with the borrower. But after careful examination of our ARVs, we found a solution that proved there’s plenty of value to be added to these properties. Due diligence gets the job done.
Fix and Flip - Boca Raton, FL
Back to our home state of Florida! This single-family fix-and-flip loan was a little different than what we usually handle, with a slightly different loan structure to boot. We trusted our borrower from previous deals and evaluated our risks in financing the property, and we did the deal.
Refinance to Rehab - Montgomery, AL
When a previous owner of this 158-unit property in Alabama got caught up in COVID delays and rising construction costs, our client sensed a value-add opportunity. Our inspectors got to the property, verified the existing rehab work, and confirmed the appraisal was accurate. We took it from there. On to the next one!
Purchase to Rehab - Chicago, IL
Certain properties require a little more due diligence than usual, such as this project in the Windy City with a sketchy history. Our underwriting team contacted the closing attorney to get all the details and documentation to confirm the deal was legit, and our closing team came in with their own research for extra peace of mind.
Refinance / Construction - Newark, NJ
Being the nation’s number one private lender means the ability to cut through red tape is a must. Our first-time borrower in New Jersey wanted to close on this property but a complication arose with the city of Newark, which would only give them claim to the property under certain circumstances. We had to be first in line to get this deal done, and we did it. We’ll be working with this satisfied client on future projects!
Refinance / Construction - West Hollywood, CA
Movie sets aren’t the only construction going on in Tinseltown these days. Our recurring client was 95% complete with production on a ground-up project before the pandemic caused a shutdown. Their construction loan was coming due and they came to A&S for a refinancing in order to finish and sell the units. We gave the greenlight and now this project is red-carpet ready!
Purchase to Rehab - Miami Beach, FL
Prime real estate in Miami Beach! This recently funded property was a purchase-to-rehab with great cash flow, 100% occupancy and a terrific location. Our borrower needed a quick closing and more funding than we had initially offered, but thanks to our previous relationship and a lack of late payments, we funded the deal. Anyone up for some sun and sand?
Purchase Rehab - Chicago, IL
Our relationships with experienced operators mean more satisfying outcomes for all parties involved. This client was looking to borrow the funds needed for a prospective investment while dealing with a conservative appraisal and a strict timeline. Thanks to our existing relationship, we still managed to get him most of the funds he needed.
Purchase and Rehab - Memphis, TN
Coming back for their fifth project with A&S, this operator managed to score this property at a deep discount thanks to a previous owner’s spotty management record. We gave them an acquisition and rehab loan to cover renovations and exterior improvements. The buyer then plans on refinancing and recycling their cash for their next property.
Bridge to Perm - Lake Jackson TX
After finishing renovations, our repeat client was looking for some quick cash back on this beautiful stabilized multifamily property in order to close on a new deal. We were able to assist with a quick closing and gave them a loan with no pre-pay. They’ll be on their way to a permanent loan in no time.
Purchase and Rehab - Shreveport LA
For this simple value-add multifamily property deal in Louisiana, our borrower plans to renovate the vacant units, find occupants to rent them, and refinance out with agency debt once the property is fully stabilized. With our help, they'll be able to turn it into a nice addition to their portfolio and the first of many financed with our help.
Ground Up Construction - Cape Coral FL
More and more of our clients are builders looking for construction financing. This developer of a ground-up project in the hot Florida real estate market was looking at a high-demand housing situation with no inventory. We stepped in and helped secure funding to construct their 53-unit development of single-family homes. They'll be ready to go in no time.
Purchase to Rehab - College Park, GA
Fortune Favors the Bold. Picture this: An under-rented property with more potential than has yet been realized. A motivated seller in the middle of a relocation who needs to exit the asset quickly. An off-market discount that won’t last forever. An aspiring buyer with the experience to enhance the property and reap the above market rent rewards if only they can get a foot in the door. Enter A&S, a Florida-based nationwide balance sheet private lending company and recurring partner of the buyer, providing the capital necessary to take the project from dream to reality for all parties involved -- and future College Park, Georgia residents, too.
Purchase to Rehab - Atlanta, GA
The borrowers needed to close immediately. This deal belongs to one of our top 3 borrowers sponsoring a colleague of his, which made things easier. We were able to get all of the due diligence documents quickly, the borrower came to us with an existing appraisal that we were able to review with out own team in just 24 hours. In this case we felt comfortable going higher in LTC and LTV, given the facts that we have financed more than 700 units to this group always performing great.
Purchase to Rehab - Newark, NJ
We received an appraisal with a lower valuation than what this recurrent borrower expected. We reviewed the report and noticed the value was capped because of Newark’s rent control. The borrower informed us they planned on doing tenant buyouts as a way to renovate the subject and lease it to market levels. The revised report reflecting the borrower’s strategy gave us room to grant the borrower’s financing request.
Purchase to Sell - Alliance, OH
This new borrower approached us with a deal in a market we haven't done business before. The previous owner got into an agreement with the Ohio Housing Financing Agency for a development loan and tax credit that placed covenants on monthly rent and how the property is sold.
We evaluated the borrower’s plan and the project’s profitability to determine the feasibility of the exit strategy and we were comfortable with this loan.
Construction - Rotonda West, FL
The borrower was working with another lender that sold themselves as a direct lender, but it wasn’t. Naturally issues started to arise. As a consequence, the borrower decided to work with a trusted direct lender like A&S Capital instead, refinancing all three loans with us. We structured the loan in a way to pay off the lender and help the borrower continue the project while maintaining healthy LTCs and LTV’s.
Refinance - Cincinnati, OH
Our repeat clients, who are serious real estate operators, came to us with a refinance deal for a property in Ohio. They wanted cash back to recoup some of their finds and reuse them for an additional investment. While we usually don’t do these kinds of deals, our strong relationship with the borrower, puls their extensive track record with rehabs, made this deal doable. Building strong relationships with our clients means we can accomplish more.
Purchase to Rehab - Brownsville, TX
This purchase-to-rehab deal in the Lone Star State was made more complicated by an additional third party involved in the sale. We analyzed the property’s financials and our closing team made sure the borrower had clean title, and the deal was done. Another one down!
Purchase to Rehab - Newark, NJ
Did you know New Jersey is the most densely populated state in the U.S.? When a repeat client came to us needing a speedy closing on their purchase-to-rehab loan on an 8-unit building in Newark, we made sure to get it done within their timeline. It was possible thanks to the client’s familiarity with our process. Strong relationships pay off at A&S!
Purchase to Rehab - Chicago, IL
A&S doesn’t sacrifice speed when it comes to getting deals done! This operator needed a quick closing on their 143-unit property in Chicago. We prioritized the deal and closed the loan in under 10 business days!
Purchase to Rehab - Radcliffe/Louisville, KY
Most people probably associate Kentucky with a different kind of racing, but we had to run a derby of our own to close on this property in Louisville due to the client’s hard closing date. Our underwriting, closing, and appraisal teams worked together to get this deal across the finish line in first place.
Purchase / Fix and Flip - Miami, FL
Here in South Florida, people live at a slower pace and things take a while to get done. But our repeat client of three years was dealing with a project that couldn’t follow Miami Time. He found a fix-and-flip in a great area that needed to close in less than a month. We knew the client well, our local appraiser knows the market well, and we knew to engage with attorneys ahead of time in order to get this done fast.
Refinance to Rehab - Detroit, MI
This new client specialized in renovating dilapidated apartment buildings in Detroit, a city in serious need of real estate revitalization. They needed funding to get an 84-unit, fully vacant property with no cash flow into liveable condition. We evaluated the property’s history and issued a rehab-only loan, which our borrower agreed to due to their strong belief in this project.
Refinance Rehab - Flint, MI
The operators of this property purchased it at a 30% discount owing to a previous owner’s mismanagement. When they failed to get what they needed from a different lender, they came to A&S for a refinance. We were able to meet their needs as experienced return clients and they’re now ready to renovate this property back to pristine condition.
Purchase and Rehab - Houston, TX
This new operator was looking for a balance sheet lender that could provide certainty of execution, a smooth and quick closing, and a painless draw process. We delivered on everything we promised and are now looking to do a second deal with them. A&S can help if you’re looking to do business in the Lone Star State.
Bridge with Rehab - Miami, FL
One of our clients was having a hard time securing funds from another lender for their 20-unit multifamily. But after a positive experience with A&S, they decided to refinance this property with us, and we were able to get their project to the finish line. Around 70% of our business comes from repeat clients, and that number is increasing all the time.
Construction Completion - Ft Lauderdale
This borrower had gotten an acquisition-only loan for their property and was stuck financing all the construction out of pocket. We gave them a loan to refinance their existing debt, reimburse them for a large portion of the money they had spent, and added a construction holdback for the amount needed to finish.
Refinance and Rehab - Dayton OH
At the time of purchase this property had an occupancy rate of 80%. With our short term rehab loan the owners plan to renovate the vacant units, rent them out, and refinance once the property is fully stabilized. This type of decent value-add deal is one we have plenty of experience financing across the country, from the midwest to the deep south.