Permanent Loans

PERMANENT LOAN FINANCING

CCP has placed permanent financing on all property types with many types of permanent lenders. Examples of permanent loan sources are the following:

  • FNMA/Freddie Mac/HUD
  • Life Company
  • Commercial Banks
  • Commercial Thrifts
  • Pension Funds
  • CMBS/CDO (out of the market)
  • Private Real Estate Capital

Examples of property types are as follows:

  • Apartments
  • Office ( single-tenant, multi-tenant)
  • Retail (anchored, unanchored, single-tenant, multi-tenant)
  • Mixed Use (residential and commercial combination)
  • Industrial (single-tenant, mulit-tenant)
  • Hotels
  • Health Care
  • Entertainment
  • Special Purpose (ex. FBO, Airplane Hangar)

In addition to immediate fundings, CCP is able to assist in forward commitments where rate is locked in up to 18-24 months in advance for certain property types that qualify.

CLOSED TRANSACTIONS

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
Loan Amount: $20,000,000
Loan Type:       Permanent Loan: office Building
Loan Location: Southern California

Borrower was looking to take out construction financing on a recently developed multifamily property simultaneous with full lease-up and stabilization

  • 10 year loan, interest only, fixed rate 2.90%
  • 65% LTV, 8.00% Debt Yield
  • Non-Recourse
  • Yield Maintenance
  • Closed 45 days to avoid loan extension fee
  • Institutional Lender
Loan Amount: $13,000,000
Loan Type:       Permanent Loan: Urban Infill Apartments
Loan Location: Southern California