Historic episodes are titled in order to attach some brief description and meaning to the event. Some examples are the Roaring 20’s, World War (I & II), the Great Depression, the Industrial Revolution, the Internet Boom, the Great Recession, and of course, the American Revolution. We do so because the event or chain of events changes our viewpoint and perspectives on humanity and how we … READ MORE
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CommLoan Hires New Vice President of Business Development Sarah Stasney For Austin, Texas
CommLoan, a CRE lending tech company recently announced Sarah Stasney as Vice President of Business Development. Sarah will focus her efforts in expanding the Austin, Texas market.
Sarah comes to CommLoan fresh from her former role as a wealth advisor at Wells Fargo: Private Bank. In her … READ MORE
CommLoan, CRE Lending Marketplace Expands its Footprint into Texas, Welcomes Paul Mogote as Vice President of Business Development
CommLoan recently hired Paul Mogote as Vice President of Business Development. He will help the company expand its Commercial lending platform in northern Texas and surrounding markets.
As CommLoan’s Vice President of Business … READ MORE
How to Create Leverage Through Refinancing Commercial Real Estate Loans
Ultra-high net worth investors understand the fundamental value of cash flowing commercial real estate. They know that real estate is finite and there’s only so much to go around. They also know that streams of passive income will build empowerment over their time, and ultimately makes them financially free. Everyone starts somewhere and no one starts out as a millionaire. Wealth is built over time. … 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
How to Price a Deal in Today’s Market
Original Article: April 06, 2020 GlobeSt.com
Some investors have halted all acquisitions, but for those still trying to transact in this market, it can be challenging. Everything from underwriting in this uncertain market to completing due diligence with social distancing restrictions has made simply doing a deal difficult.
“This is not going to go on forever, … 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
Multifamily Continues its Upward Trajectory in 2020
At CommLoan, the number one asset type we quote, put under application with our lenders, and close, is multifamily. We love performing on apartment deals because we know we’re providing a valuable service to the communities those apartments serve. From value-add acquisitions to stabilized cash-out refinances, we know multifamily, and that bodes well given the state of the market in 2020.
The major … 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.