“The Ace Mini Storage LLC 2014 CMBS refinancing was a success. Although Ace started its planning late last year, allowing many months of lead time, projects like this are never easy. The Ace refinancing was especially complex because of the defeasance cost and Ace’s additional goal of financing a new building to increase the number of its fully temperature controlled rental units.
I most appreciated your attentiveness, accessibility, and dedication to getting Ace the best offers from a variety of lenders. You also put in additional efforts to make sure that the final loan matched the offer -which wasn’t guaranteed. Your assistance with the due diligence and insights and attention to detail resulted in multiple lender choices for Ace that were competitive and financially beneficial. Having a prior track record with JP Morgan, the lender we chose, smoothed the negotiations and submission of due diligence information.
I highly recommend you and CCM Commercial Mortgage, LLC to anyone considering refinancing, original financing, or defeasance. Your efforts for Ace proved their worth with a successful refinancing and defeasance that included sufficient capital for Ace to complete its new building while maintaining a substantial working capital cushion.”