50 Unit Single-Family Home Portfolio in Tucson, Arizona & Ogden, Utah
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.
CommLoan was able to … Read More
The two GSE’s (government sponsored entities) have historically been one of the major capital sources for multifamily finance in the United States. Since being taken under conservatorship in 2008, both FNMA and FHLMC have been regulated by the Federal Housing Finance Agency (FHFA) – the governing agency that determines the annual lending capacities of both. If you’re an investor or other … Read More
Multifamily in Phoenix, Arizona
CommLoan was working with a multifamily syndicator on the acquisition financing for a property lease up. The investor preferred permanent financing rather than bridge, which required a T-1 waiver from the potential lender. Due to the agency pull-back in August, waivers were not being granted on these types of deals for that period.
CommLoan was … Read More
Original Article: October 31, 2019 GlobeSt.com
Experts on the finance panel at GlobeSt Apartments said the new Fannie/Freddie caps revived certainty in the agencies.
Fannie Mae and Freddie Mac announced new lending caps last month. Starting October 1, the agencies have new caps of $100 billion for each agency. At the GlobeSt Apartments conference … Read More
Scottsdale, AZ — CommLoan is excited to announce that we have added Andrew Edelstein to our team! We are thrilled to have Andrew join us on our mission to transform the commercial real estate lending industry. Before joining CommLoan, Andrew was on the production … Read More
Single Family Home Portfolio in Phoenix, Arizona
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.
Utilizing the platform … Read More
The wheel was invented around 5,000 years ago, but it was another 4,900 or so years before the first mass-produced automobile rolled off the line. Humans flew to the moon 66 years after that. Twenty-two years later the World Wide Web came online and just six years after that, the first social network was born. One of the key features of the Digital Age – … Read More
Multifamily in Phoenix, Arizona
The sponsors had worked with CommLoan in obtaining the bridge financing for the acquisition and the rehab for the property. The rehab was just completed, and the sponsors were unsure if they wanted to sell or refinance the property based on the current market conditions.
CommLoan was able to recapitalize resulting in $250,000+ cash back to the … Read More
Original Article: August 13, 2019 GlobeSt.com
IRVINE, CA—The multifamily sector showed the most robust growth amongst all CRE sectors—multifamily, office, industrial, retail and hotel—in the first quarter of 2019, according to Ten-X Commercial’s Multifamily Market Outlook.
The first quarter of 2019 marked the first time in five years there was a decline in the number of … Read More
Multifamily in Buckeye, AZ
“I worked with Mitch and David for a purchase loan of condos community, they committed to what they initially quoted to me and they got a best rate for me and also very low cost and worked out … Read More