Revolving lines of credit have multiple iterations depending on where they are applied. In commercial loan terms, revolving lines of credit are essentially a second mortgage that a borrower can take out against collateral as long as they have paid off a set open balance. By introducing revolving credit, Malvasio hopes to make it easier for businesses to access cash available against collateral a second time, even if they have not repaid their original loan in full.
“This new funding tool is just another strategy to keep our borrowers interested in asset-based lending,” a company spokesperson said. “As a lender, Joe wants to lend against collateral rather than on the creditworthiness of the borrower, but so do dozens of other lenders. So he was inspired by home loans. He has introduces refinancing of our asset-based commercial loans for biotechnology, hospitality, petroleum and retail businesses.
Since Malvasio took over, GCP Fund has primarily provided short-term and long-term asset-backed lending for the acquisition, development, construction, asset purchase and expansion of several commercial properties. belonging to the industries mentioned above. These include multi-family buildings, apartment buildings, gas stations, hospitals, warehouses, office buildings, cafes, churches, motels, hotels, inns, department stores, malls, mixed-use properties, resorts, etc.
The company’s website breaks down all asset-based financing solutions into commercial real estate financing, construction financing, private loans, bridge financing, mezzanine financing, permanent loans and joint venture structured financing. .
Learn more about the types of business loans above and apply online at https://gcpfund.com/.
About Joe Malvasio
Joseph Malvasio is the chairman of Global Capital Partners Fund, LLC, a New York-based international commercial lender. The Company provides various loans for the acquisition and development of raw land and properties primarily in North America ranging from $1 million to $100 million. The company’s loan terms include benefits not included in conventional loans. For more information, visit the website listed below.
Address: 555 Fifth Ave., Suite 1501, New York, NY 10017