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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

CommLoan Places Private Money Financing For Office Acquisition in Mesa Arizona

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 Secures Bridge Debt Despite Volatile Lending Environment

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

CommLoan Successfully Transitions Agency to Bank Loan

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

CommLoan Secures a 5-Year Fixed Rate Loan at 3.08% for Canadian Borrower

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

NON-RECOURSE COMMERCIAL LOAN FOR 7 YEARS FIXED AT 3.75%

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

JUST FUNDED

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.

COMMLOAN HELPS ANOTHER CALIFORNIA INVESTOR EXCHANGE INTO THE ARIZONA MARKET

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

COMMLOAN SOURCES UNIQUE CREDIT FACILITY FOR AN INVESTOR’S SFH PORTFOLIO

Property
50 Unit Single-Family Home Portfolio in Tucson, Arizona & Ogden, Utah

Opportunity
A private investor had a $6MM portfolio of single-family home properties located throughout Ogden, Utah and Tucson, Arizona. The investor was looking for a credit facility with the flexibility to draw funds as additional investment opportunities are uncovered, which require immediate cash payments.

Solution
CommLoan was able to … Read More

COMMLOAN SECURES FINANCING THROUGH SAME LENDER WHO TURNED DOWN SPONSOR DIRECTLY

Property
Single Family Home Portfolio in Phoenix, Arizona

Opportunity
The sponsor originally went directly to their bank requesting to refinance their SFH portfolio. Even though the sponsor had an existing banking relationship, the sponsor was unsuccessful in getting their refinance approved. The sponsor heard about CommLoan from a broker contact and decided to give us a try.

Solution
Utilizing the platform … Read More