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CommLoan Secures a Fixed 10 Year 4.25% Refinance on a Retail Property in Phoenix, Arizona

Property:
Retail in Phoenix, Arizona

Opportunity:
CommLoan was approached by an experienced commercial real estate developer looking to obtain a refinance loan on a 2-unit retail property in Phoenix, Arizona. The borrower has developed over 500,000 square feet of office buildings.

Solution:
CommLoan facilitated the refinance of the retail property by keeping the Lender’s focus on … Read More

CommLoan Secures $3.6 Million Acquisition Financing For a 26-Unit Complex in Phoenix, AZ

Property:

Multifamily in Phoenix, Arizona

Opportunity:

CommLoan was approached by a repeat borrower looking to obtain an acquisition loan on a 26-unit multifamily property in Phoenix, Arizona.

Solution:

CommLoan utilized its extensive lender database in the Arizona market to procure an acquisition loan with no lender costs and no prepayment penalty to provide the owner with the maximum liquidity options within the current environment. CommLoan’s … Read More

COMMLOAN SECURES CASH-OUT REFI IN LESS THAN 55 DAYS FOR MULTI-STATE SFR PORTFOLIO

Property:

Single Family Home Portfolio in Arizona and California

Opportunity:

CommLoan was approached by a borrower that has a $5.3M portfolio a duplex, three 4-plex, 10-unit, 11-unit, and a single-family rental. The borrower had been working with another lender for many months with no progress on the cash-out refinance loan.

Solution:

CommLoan was able to secure and close the $3.25M loan in less than 55 … Read More

CommLoan Secures a Fixed 5 Year 4.25% Bank Loan For Apartment Complex in Houston, Texas

Property:

Multi Family in Houston, Texas

Opportunity:

CommLoan was approached by an investor who had been previously working with another broker and lender to obtain a cash-out refinance loan at 70% LTV. The lender ended up only wanting to originate a rate and term refinance at 65% LTV after receiving the appraisal and going through final loan committee. 

Solution:

CommLoan … Read More

COMMLOAN SECURES A FIXED 10 YEAR 3.62% BANK LOAN FOR MEDICAL OFFICE CONDO IN LAKE FOREST, CA

Property:

Office Condo in Lake Forest, California

Opportunity:

CommLoan was approached by an investor that was two weeks into escrow on an acquisition of an office condo. Despite their existing relationship, their bank had re-traded them from 70% LTV to 60% LTV.

Solution:

CommLoan was able to get the deal back on track for the original contract due diligence … Read More

COMMLOAN SECURES A FIXED 10 YEAR 3.64% FANNIE MAE LOAN FOR 94-UNIT MULTIFAMILY

Property:

Multifamily in Sierra Vista, Arizona

Opportunity:

CommLoan was approached by an experienced investor that was working with an agency lender for several months to refinance a 94-unit multifamily property. The agency lender was not able to provide financing to the property. 

Solution:

CommLoan was able to secure a Fannie Mae loan that exceeded the investor’s expectations with a 3.64%, fixed … Read More

CommLoan Secures a 3.5% Bank Loan at 70% LTV For Medical Office in GA

Property:

Medical Office in Augusta, Georgia

Opportunity:

A repeat Borrower of CommLoan wanted to invest the remainder of his 1031 exchange funds from the recent sale of two multifamily buildings. The out-of-state investor required a minimum of 70% leverage to complete the sale-leaseback transaction.

Solution:

CommLoan efficiently and effectively marketed the loan opportunity, eventually securing financing from a large … Read More

CommLoan Secures 3.25% Bank Loan at 70% LTV For 75 Unit Multifamily Property

Property:

Multifamily in Tucson, Arizona

Opportunity:

CommLoan was approached by an experienced CRE investor that was seeking financing for the acquisition of a 75 unit multifamily property. The investor had been working with a different commercial loan broker and was declined on the loan from an Agency lender with only 45 days left to close to meet the contract and 1031 … Read More

CommLoan Secures a 4.5% SBA Loan at 85% Leverage For Storage Facility

Property

Storage Facility in Goodyear, Arizona

Opportunity

CommLoan was approached by an experienced investor that had been working with an SBA lender for several months with no success during the pandemic. The investor was looking for maximum leverage and the lowest possible long-term fixed rate.

Solution

CommLoan was able to secure an SBA loan with 85% loan to … Read More

CommLoan Helps Out-of-State Investor Secure 3.70% Rate for Outpatient Facility

Property

Outpatient Facility in Glendale, Arizona

Opportunity

CommLoan represented an experienced out-of-state investor who had recently sold two apartment complexes in North Carolina and was looking to exchange into two separate NNN leased medical office properties on opposite ends of the county. This sale-leaseback transaction represented the initial distribution of 1031 exchange funds. The now-repeat Borrower is about to close on … Read More