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Property
Multifamily in Phoenix, Arizona
Opportunity
CommLoan was working with a multifamily syndicator on the acquisition financing for a property lease up. The investor preferred permanent financing rather than bridge, which required a T-1 waiver from the potential lender. Due to the agency pull-back in August, waivers were not being granted on these types of deals for that period.
Solution
CommLoan was … READ MORE
Original Article: October 31, 2019 GlobeSt.com
Experts on the finance panel at GlobeSt Apartments said the new Fannie/Freddie caps revived certainty in the agencies.
Fannie Mae and Freddie Mac announced new lending caps last month. Starting October 1, the agencies have new caps of $100 million for each agency. At the GlobeSt Apartments conference this week … READ MORE
Scottsdale, AZ — CommLoan is excited to announce that we have added Andrew Edelstein to our team! We are thrilled to have Andrew join us on our mission to transform the commercial real estate lending industry. Before joining CommLoan, Andrew was on the production … READ MORE
Property
Single Family Home Portfolio in Phoenix, Arizona
Opportunity
The sponsor originally went directly to their bank requesting to refinance their SFH portfolio. Even though the sponsor had an existing banking relationship, the sponsor was unsuccessful in getting their refinance approved. The sponsor heard about CommLoan from a broker contact and decided to give us a try.
Solution
Utilizing the platform … READ MORE
The wheel was invented around 5,000 years ago, but it was another 4,900 or so years before the first mass-produced automobile rolled off the line. Humans flew to the moon 66 years after that. Twenty-two years later the World Wide Web came online and just six years after that, the first social network was born. One of the key features of the Digital Age – … READ MORE
Multifamily in Phoenix, Arizona
Opportunity
The sponsors had worked with CommLoan in obtaining the bridge financing for the acquisition and the rehab for the property. The rehab was just completed, and the sponsors were unsure if they wanted to sell or refinance the property based on the current market conditions.
Solution
CommLoan was able to recapitalize resulting in $250,000+ cash back to the … READ MORE
Original Article: August 13, 2019 GlobeSt.com
IRVINE, CA—The multifamily sector showed the most robust growth amongst all CRE sectors—multifamily, office, industrial, retail and hotel—in the first quarter of 2019, according to Ten-X Commercial’s Multifamily Market Outlook.
The first quarter of 2019 marked the first time in five years there was a decline in the number of new … READ MORE
$3,900,000 Loan
Multifamily in Buckeye, AZ
Acquisition
Lender: Bank
“I worked with Mitch and David for a purchase loan of condos community, they committed to what they initially quoted to me and they got a best rate for me and also very low cost and worked out through the … READ MORE
Multifamily in Phoenix, Arizona
Opportunity
A long-time California investor sold a property in California to acquire his first turnkey multifamily property in Phoenix. The Sponsor was using funds from a 1031 exchange and wanted to secure the best terms available at an aggressive rate, with a minimum of a 10-year maturity.
Solution
With the efficiencies of the technology platform, CommLoan was able to … READ MORE
Original Article: June 11, 2019 GlobeSt.com
Multifamily continues to be the top target asset class for investors. According to a new report from AppFolio, most investors are planning to allocate capital to multifamily investments this year, followed by office and industrial asset classes. Of the investors surveyed, 68.3% said they are planning to put investment dollars in … READ MORE
