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
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
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
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
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
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
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
Opportunity
CommLoan was presented with an opportunity to procure financing for a local sponsor to purchase a 50% occupied office property by way of a sale-leaseback transaction. The remaining square footage consists of executive suites which will be upgraded and branded in-line with the sponsor’s current real estate portfolio. The quick closing time frame initiated a targeted search for lenders who … Read More
Multifamily in Phoenix, AZ
Opportunity
CommLoan was presented with another opportunity after closing the first transaction successfully with the sponsor. The sponsor was looking to obtain a bridge loan for their value-add multifamily acquisition in Phoenix. With the current changes in the lending market due to COVID-19, many lenders turned extremely conservative with some even halting lending completely.
Solution
Despite the challenges in … Read More
Multifamily in Tucson, AZ
Opportunity
The sponsors found CommLoan after seeing a loan quote for another property. They were looking to obtain agency debt for their multifamily acquisition in Tucson. During the loan process, it was discovered that the financing needed to be shifted over to a bank option.
Solution
Using the technology, CommLoan was able to identify another loan option for the … Read More
