Commercial real estate lender Clopton Capital is expanding its loan options for self-storage facility owners nationwide who are looking to refinance, acquire properties or secure a construction loan. “We are looking for any opportunity, whether it be a single-property business or a multi-property, middle-market operator,” said company founder Jake Clopton.
Thanks to continually low interest rates, the cost of credit is also comparatively inexpensive compared to years past, according to a Clopton press release. Clopton provides a coupon for rates of less than 4 percent for strong operators in several locations.
Based in Chicago, Clopton Capital offers commercial mortgages, construction loans, bridge loans and commercial mortgage-backed securities loans to borrowers for a diverse range of property types and ownership structures.
Prior to founding his company, Clopton was a futures trader with a primary focus on interest-rate futures. Today his main focus is opening new lending relationships, consulting and finding competitive commercial products. The company’s other officers are Matt Reed, vice president and senior financial consultant, and Eric Smith, a search-engine-optimization specialist.