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

CommLoan, the leading CRE lending marketplace known for using technology to connect borrowers to lenders,  announced the hiring of Mike Garruto as Vice President and Loan Consultant to help with the company’s expansion in 2020. Mike brings over 7 years of experience in the commercial real estate loan industry and was handpicked to help facilitate innovation and growth as CommLoan … 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

Multi-tenant Office in Phoenix, AZ

Opportunity
CommLoan was approached by a Canadian sponsor looking to obtain financing for a multi-tenant office building in Phoenix. The office building was recently stabilized, but the sponsors were looking to obtain the highest possible leverage and the most competitive rate.

Solution
Using the CUPID™ platform, CommLoan was able to secure a 5-year fixed rate loan with a … Read More

Property
Multifamily in Phoenix, Arizona

Opportunity
The investor was offered a refinance on their property with no cost at 3.99% from their existing lender. CommLoan was tasked with finding a better deal with non-recourse and no involvement from the limited partner.

Solution
Utilizing the CUPID™ platform, CommLoan was able to identify a more competitive offer at 3.75%, Fixed for 7 … Read More

Property
Multifamily in Phoenix, Arizona

Congratulations to Jon Coffen and Linda Fritz-Salazar at Orion Investment Real Estate! This was a value-add project with a tight 30-day closing timeline. Through CommLoan’s technology, we were able to secure a competitive rate at 4.50%, which included a flexible prepay, beating the terms of the borrower’s existing lender relationship.

Property
Multifamily in Phoenix, Arizona

Opportunity
CommLoan was approached by an experienced investor that had recently sold a California property and was looking to exchange into two apartment buildings in Phoenix. The investor required maximum leverage and the lowest possible long-term fixed rate.

Solution
CommLoan secured two acquisition loans at 75% loan-to-value, with a 10-year fixed rate of 3.95%. CommLoan was … Read More