Commercial Finance Partners (CFP) closed a $10,500,000 conventional term loan for APDC Cleaning Services, an Orlando-based commercial cleaning and facility services company. CFP originated and arranged the 25-year financing, which closed on Sept. 29, 2026.
AmeriFactors, a wholly owned subsidiary of Gulf Coast Bank, has worked with APDC for several years, and its support went well beyond a standard factoring relationship. As the company grew to annual sales of more than $75 million, AmeriFactors extended additional capital outside its receivables line, secured by the owners’ commercial and residential real estate, to help APDC through periods when it needed more than its AR base could support. With the company also carrying more than $5 million of stacked merchant cash advances, AmeriFactors brought APDC to CFP to move that support onto long-term financing.
CFP structured the term loan against two commercial buildings and residential properties in Florida and South Carolina. At closing, the proceeds paid off and closed out every MCA position, retired two hard money mortgages and paid down $1.9 million of the AmeriFactors over-advance, with AmeriFactors releasing its real estate mortgages.
AmeriFactors remains in place with a $9.3 million factoring facility to fund APDC’s ongoing working capital. The structure split the collateral cleanly. The term debt is secured by the real estate and AmeriFactors kept the receivables, so the company moved its short-term debt to 25-year amortization without losing its working capital line. CFP coordinated the closing across the lender, the title company, AmeriFactors and APDC, with properties in two states.
“APDC is a family business we’ve spent years building, and this refinance gives us a strong, stable foundation going forward,” William Hernandez, president of APDC Cleaning Services, said. “Moving to long-term bank financing frees up our cash flow so we can focus on our people, our clients and growing the company. Commercial Finance Partners and AmeriFactors came together and found a solution that truly works for us.”
Darren Palestine, managing partner of CFP, added, “AmeriFactors stepped up for APDC more than once outside the AR relationship, and they wanted a long-term solution that kept them in place as the working capital provider. Moving the MCAs and part of the over-advance onto 25-year real estate debt took the pressure off the receivables and freed up the company’s cash flow. Thank you to Angela and the AmeriFactors team for the referral and for working through every detail with us to get it closed.”
Angela Fiorentino, CEO and general counsel of AmeriFactors Financial Group, commented, “We are very pleased to have helped APDC, a longtime, family-owned client, reach a solution that provides real stability for the future while preserving the working capital support its business needs. We are especially grateful to Darren and the Commercial Finance Partners team for developing such a thoughtful, creative solution and working collaboratively with us through a complex closing. This refinancing will allow APDC to focus on its continued growth and on providing excellent service to its customers and community partners.”
