Office in Cincinnati, Ohio
The owner of an expanding wealth management company was looking to acquire an office building, but the building required construction costs in order to modify the space. In addition, the Sponsor needed capital expenditure for furniture and computers. Their goal was to obtain a commercial loan product that had minimal down payment while finding … Read More
25,000 Sq. Ft. Fitness Center in Port Lucie, Florida
The Investor’s goal was to sell his operating business to a national fitness center organization while maintaining ownership of the real estate. In order to accomplish this, the Investor needed a cash-out refinance to pay off the existing debt and recapitalize. The banks he originally approached were using a 6.5% stress test along with … Read More
Retail Strip in Tempe, Arizona
The Sponsor was initially rolling a 1031 exchange from the sale of a property in another state into a retail center in Arizona. The Borrower was looking for maximum leverage to limit the down payment that was in exchange, however, the sponsor was unable to obtain the leverage he required through his existing relationships.
60 Unit Multifamily in Albuquerque, New Mexico
The Sponsors were experienced investors in the local Multifamily market and had four lenders already working on quotes when they heard about CommLoan. The Investors were looking for a loan to acquire and improve the property, which had below market occupancy, but upside potential on rents.
CommLoan was able to secure a permanent loan … Read More
Auto Service & Repair Center in Chandler, Arizona
The loan was in process with a national lender that offered a low interest rate 5-year program. The property, however, did not meet the lender’s strict underwriting stress test and interest rates were rising.
CommLoan originally positioned the loan with multiple lenders, putting the Borrower in a place to quickly adjust and secure … Read More
35 Unit Multifamily in Phoenix, Arizona
The Sponsor initially thought that the property was at market stabilization. During the due diligence period, it was discovered that the property had 8 out of 35 units that were vacant and needed rehab. The Sponsor had an existing relationship with another bank that had committed to funding. However, during the final underwriting, the assurance of obtaining … Read More
AARAA’s Global Update Focused on Key Trends in Commercial Real Estate
On Friday, April 21st, CommLoan’s Vice President of National Business Development, Eric Little, spoke about the changes and trends that are shaping commercial real estate at the AREAA (Asian Real Estate Association of America) Global Luxury Summit in … Read More
Discusses how CommLoan’s platform helps noteholders of CMBS loans coming due this year.
Despite the massive snow storm that crippled New York City last week, CommLoan’s CEO Mitch Ginsberg participated in a series of media meetings discussing the state of the industry and the key trends that will shape commercial real estate lending in 2017. While in Manhattan, Mitch met with reporters from Fox Business, … Read More
Focused on bringing efficiency to the commercial real estate lending space, CommLoan visited sunny southern California last week to increase its domestic footprint in the hotel industry.
CommLoan’s CFO/COO Alan Schnaid visited former colleagues and peers early last week in Los Angeles where the American Lodging Investment Summit took place. Alan, the former Starwood Hotels & Resorts Worldwide executive, shared the benefits of Commloan’s revolutionary … Read More
CommLoan Adds Jobs, Expands Operations to Meet Growing Demand for Services