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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
Multifamily in Grand Junction, Colorado
Opportunity
The Borrower was seeking a permanent loan to pull some cash out of his hotel-to-apartment converted property. He had worked with other reputable mortgage brokers in the past year, but was unable to procure the terms he was looking for.
Solution
Utilizing the CUPID™ platform, CommLoan was … READ MORE
Original Article: May 21, 2019 GlobeSt.com
The worlds of hospitality and multifamily are becoming more intertwined. Multifamily owners are incorporating more amenities and services into properties to drive occupancy and rents. Today, people are renting later into life and want a high-end living experience. These services include concierge services, furnished units and short-term rentals.
“The labor market … READ MORE
Multifamily in Phoenix, Arizona
Opportunity
The Borrower was interested in acquiring a multifamily property in Phoenix. Although the building was stabilized and produced cash-flow, the Borrower saw the potential of making some additional improvements. The Borrower needed a lender that would be able to provide not only a competitive rate, but also enough loan proceeds to cover the rehab costs.
Solution
With the … READ MORE
Original Article: April 30, 2019 GlobeSt.com
Artificial intelligence technology is all that people can talk about these days, and commercial real estate investors are excited about how these tools can impact investment decisions. But it isn’t only investors adopting AI technology. The whole industry is integrating new AI tools. In the property management industry, AI tools are … READ MORE
Office in Phoenix, Arizona
Opportunity
The buyer was referred to CommLoan by a Phoenix commercial real estate broker. The experienced Sponsor had been buying commercial real estate and obtaining financing through his network for many years. Since he was highly recommended to work with CommLoan, he decided to see what financing options they could obtain. The Sponsor ended up having an existing relationship with … READ MORE
