SPECIALIZING in COMMERCIAL &
MULTI-FAMILY Real Estate LOANS

Borrower was looking for lowest possible floating rate loan with maximum interest only period and achieved 1.85% rate:

• Grocery Anchored Retail Center in Southern California
• Libor + 1.75%, Interest Only for 3 years than 25 year amortization
• 70% LTV, 9.00% Debt Yield
• Achieved during Covid showing strong track record and essential retail
• No Prepayment Penalty, Full Recourse
• Regional Bank

Borrower was looking for Joint Venture Equity and Credit Enhancement on Infill Multifamily Development:

• JV Equity funded 95% of Total Equity Requirement
• $75,000,000 Total Cost
• 10% preferred return, 35% Promote
• Urban Infill 225 unit project
• Institutional Private Equity guaranteed the construction loan

Borrower was looking to refinance a recently renovated Class “A” Office Building:

• 4.00% interest only for fixed for 10 years
• 60% LTV, 9.00% Debt Yield
• No prepayment penalty
• Non-Recourse
• Regional Bank

Borrower was looking to max proceeds for renovation of older property and lock in lowest long term rate:

• 2.85%, fixed for 10 years, Interest Only
• 125 unit garden apartment
• 65% LTV/1.35 DCR
• Non-Recourse
• Yield Maintenance
• Institutional Lender

Borrower was looking to max proceeds for renovation of older property and lock in lowest long term rate:

• 2.85%, fixed for 10 years, Interest Only
• 85 unit garden apartment with government subsidies
• 65% LTV/1.35 DCR
• Non-Recourse
• Yield Maintenance
• Institutional Lender

Borrower was looking to maximize dollars and get a non-recourse loan and this loan achieved both goals

• 35 year fully amortizing loan, 10 Yr Treasury + 1.75%
• 83% LTV with a 1.20 DCR. The property was built approximately 10 years ago and the excellent condition of the property played an important role in maximizing loan dollars.
• 65% LTV/1.35 DCR
• Non-Recourse
• Yield Maintenance for 10 years then open to prepayment without penalty
• Institutional Lender

Borrower was looking to put subordinate financing behind an existing CMBS loan that did not allow subordinate financing:

• 6% pay rate, accrued to 12% overall rate
• 90,000 SF Class “A” Trophy Office Building investor.
• Private East Coast Investor worked diligently with the borrower to overcome a number of issues including a complex ground lease.
• 3 years with two 1 year extension options.
• Proceeds used for working capital, TI/LC/Cap Ex to complete stabilization of the property.

Borrower was looking for permanent financing to take out construction loan on stabilized industrial property:

• 3.50% 10 year Loan, 25 year amortization
• 65% LTV/1.25 DCR/8.00% Debt Yield
• 80,000 sf industrial building
• Non-Recourse
• Defeasance
• CMBS Lender

Borrower was looking for quick close acquisition financing on off-market industrial property:

• 4.00% 10 year fixed, Interest Only
• Included TI/LC reserve for future lease-up
• 90,000 SF distribution building
• Non-Recourse
• No Prepayment Penalty
• Regional Bank

Borrower was looking for maximum acquisition leverage on apartment building purchase for covered land entitlement strategy:

• 80% loan to purchase price, 1.0 DCR
• 6.50%, interest only, non-recourse
• 3 year term with two 1-year extensions
• Locked for 18 months then open to prepay
• Non-Recourse
• Debt Fund

Borrower was looking to refinance existing permanent loan that was open to prepay at substantially lower rate. Worked diligently to minimize expenses to get maximum loan amount:

• 2.85%, 10 year fixed, interest only
• 65% LTV/1.35 DCR
• Rate benefitted from “Green Financing” program
• Yield Maintenance
• Non-Recourse
• Institutional Lender

Borrower was looking for a high leverage construction loan on well-located multifamily project:

• 78% Loan to Cost
• Libor + 3.25%
• 155 unit podium mixed use project
• 3 years with two 1-year extensions
• Recourse
• Regional Bank

Borrower was looking to acquire and develop a Fixed Based Operation (FBO) located at one of the busiest Private Airports in the US

• 80% Loan To Cost
• Libor + 3.20%
• Acquired existing facility and added 50,000 sf of office and hangar space
• 18 month term with extensions
• 25% Recourse
• Regional Bank