Case Studies
Real deals we've closed. The situation, the structure, and the result. Every one of these started with a conversation.
146 Key Flagged Hotel Bridge Loan
The owner of a 146 key Magnuson Grand flagged hotel needed short term capital to reposition the property and address deferred maintenance items required by the franchisor's property improvement plan. The hotel was generating revenue but underperforming its competitive set due to outdated rooms, a tired lobby, and mechanical systems that needed replacement. The franchisor had issued a formal PIP (Property Improvement Plan) with a compliance deadline, and failure to complete the renovations risked losing the flag entirely. Traditional bank lenders were not an option due to the transitional nature of the asset and the capital expenditure requirements ahead.
10 Story Vacant Office to Courtyard by Marriott Conversion
An investor identified a vacant 10 story office building in downtown Temple, Texas as a conversion opportunity. The building had been empty for over two years after its primary tenant relocated, and the owner was motivated to sell. The plan was to acquire the property and convert it into a Courtyard by Marriott, capitalizing on Temple's healthcare driven demand from Baylor Scott & White Medical Center, the largest employer in the region, and steady visitor traffic from Fort Cavazos, one of the largest military installations in the United States. The building's concrete and steel construction, floor plates, and elevator infrastructure made it structurally well suited for a hotel conversion without a full teardown.
38 Unit Multifamily Refinance in Killeen, Texas
A 38 unit multifamily property in Killeen, Texas needed a $1,300,000 refinance after the existing financing reached maturity and was in default. The property was cross collateralized with another property, making the closing a coordinated transaction rather than a standalone refinance.
$6M Ground Up Multifamily Construction Loan in Dallas, Texas
A multifamily developer needed construction financing for a ground up project in Dallas, Texas. CapitalAx was engaged to source a loan sized for the project and aligned with its construction timeline.
SBA 7(a) Business Acquisition: 5% Equity Injection
A first time business buyer identified a profitable mixed use commercial operation with a strong track record of revenue and an established customer base. The business had been operating for over fifteen years under the current owner, who was looking to retire and had listed the business through a broker. The buyer had over a decade of direct industry experience working in a similar operation and understood the day to day management, vendor relationships, and customer retention strategies required to run the business successfully. However, the buyer had limited liquid capital available for the acquisition, making a conventional down payment structure difficult to achieve without draining personal reserves needed for the ownership transition period.
15.7 Acre Land Bridge Loan
A developer identified a 15.7 acre land parcel in a high growth corridor that was ideal for a planned commercial and residential development. The site sat at the intersection of major transportation infrastructure and a rapidly expanding residential population, making it attractive for a mixed use development with retail, multifamily, and commercial components. The seller had received multiple offers and required a fast close with minimal contingencies, putting a premium on the buyer's ability to execute quickly. The developer needed acquisition capital to secure the site while entitlements, environmental assessments, and site planning were completed over the following 12 to 18 months.
100 Unit Multifamily Bridge Loan
An experienced multifamily operator acquired a 100 unit apartment community that needed operational improvements and selective unit upgrades to reach market rents. The property was a garden style complex built in the early 1990s with a mix of one, two, and three bedroom units. Occupancy sat at approximately 82%, and the in place rents were 15% to 20% below comparable properties in the submarket that had been recently renovated. The existing ownership had deferred capital improvements on unit interiors, common areas, and exterior landscaping, which suppressed both occupancy and rental rates. The borrower's business plan called for a targeted renovation of approximately 60 units, upgraded amenity spaces, improved curb appeal, and a rebranding effort to reposition the property within its competitive set.
Mixed Use Cash Out Bridge Loan
An investor owned a mixed use property with 4 residential units on the upper floors and 4 retail units on the ground level. The property had appreciated substantially since the original purchase five years earlier, driven by neighborhood improvements, rising rents in both the residential and retail components, and low vacancy. All eight units were leased, and the property was generating stable monthly cash flow. The investor wanted to pull equity from the property to fund a separate commercial real estate acquisition without selling the asset or disrupting the existing tenants. The investor's portfolio strategy relied on retaining performing assets while recycling equity into new deals, and this property had significant untapped equity that could be deployed productively.