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Congratulations to Dunbar Real Estate Investments for their most recent
acquisition of an industrial building in Tempe, Arizona.
Congratulations to Brandon Hampton at Clear Sky Capital on his most recent
acquisition of a multifamily property in Phoenix, … READ MORE
Original Article: December 11, 2018 Bisnow Champaign Williams, National Editor
Most economists still project a robust commercial real estate market despite the Fed’s policy of continuing to increase interest rates and the political uncertainty brought on by Washington gridlock.
With robust jobs growth continuing to increase at a healthy clip and the unemployment rate steady at 3.7%, a 50-year … READ MORE
Retail Single Tenant in Clermont, Florida
Opportunity
The sponsors had a 1031 exchange deadline and limited experience with single tenant properties.
Solution
CommLoan has closed multiple 1031 exchanges and several single tenant properties. CommLoan was able to secure a permanent loan with $100,000 in additional loan dollars than what was needed to complete the exchange and close on time. Using CommLoan’s technology … READ MORE
Mixed-Use in Tacoma, Washington
Opportunity
The Sponsor was in a 1031 exchange from the sale of a multifamily property in another state. CommLoan worked with the Sponsor every step of the way as he made offers on properties in order to complete the exchange. The listing brokers were already speaking to a few regional lenders that indicated that they would be able to finance … READ MORE
CommLoan’s primary focus is creating a best-in-class borrower experience. We have learned that it is crucial to retain the high-touch, concierge service of a traditional mortgage broker. Add that with cutting-edge technology and this creates a winning combination for the Borrower.
Check out our latest Google review from our most recent funding last week!
“The team of Mr. David Luke … READ MORE
Office in Cincinnati, Ohio
Opportunity
The owner of an expanding wealth management company was looking to acquire an office building, but the building required construction costs in order to modify the space. In addition, the Sponsor needed capital expenditure for furniture and computers. Their goal was to obtain a commercial loan product that had minimal down payment while finding … READ MORE
CommLoan was proud to have hosted a panel discussion on “Trends in Arizona Multifamily Commercial Financing” that was held on August 16th at our corporate office. The event was well attended by Arizona real estate professionals.
We would sincerely like to thank our panelists Bob Ferrell from Orion Investment Real Estate, Karl Abert from Kidder Mathews, and Royce Munroe from ABI Multifamily. The panel did … READ MORE
25,000 Sq. Ft. Fitness Center in Port Lucie, Florida
Opportunity
The Investor’s goal was to sell his operating business to a national fitness center organization while maintaining ownership of the real estate. In order to accomplish this, the Investor needed a cash-out refinance to pay off the existing debt and recapitalize. The banks he originally approached were using a 6.5% stress test along with … READ MORE
Retail Strip in Tempe, Arizona
Opportunity
The Sponsor was initially rolling a 1031 exchange from the sale of a property in another state into a retail center in Arizona. The Borrower was looking for maximum leverage to limit the down payment that was in exchange, however, the sponsor was unable to obtain the leverage he required through his existing relationships.
Solution
CommLoan was … READ MORE
60 Unit Multifamily in Albuquerque, New Mexico
Opportunity
The Sponsors were experienced investors in the local Multifamily market and had four lenders already working on quotes when they heard about CommLoan. The Investors were looking for a loan to acquire and improve the property, which had below market occupancy, but upside potential on rents.
Solution
CommLoan was able to secure a permanent loan … READ MORE
