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
Alaska USA Federal Credit Union has selected Glendale, Arizona for its new state-of-the-art Operations Center. The two-story, 185,000 square-foot building will serve as the credit union’s new operation center—supporting Alaska USA’s continued growth and investment in all the communities it serves.
Alaska USA has made a smart decision to move operations to Arizona. Given the availability of competitively priced land, energy … READ MORE
CommLoan had the opportunity to catch up with Founder and CEO of 1st Service Solutions, Ann Hambly. After spending 30 years of her career in servicing for commercial real estate, … READ MORE
The media spotlight was shining bright on CommLoan in recent days. Mitch Ginsberg, CEO, spoke on a panel for business leadership and innovation at the Jewish Federation of Greater Phoenix, was featured in the “Trendsetters” section of AZ RE Magazine, interviewed with Fox Radio’s … READ MORE
CommLoan examines deal-activity vs. transaction volume trends
First-quarter of 2017 saw an 18% decrease in transaction volume, which
came in at a grand total of $94.8 billion, according to data from Real
Capital Analytics (RCA), a New York City-based research firm. According to
that same report, portfolio deals fell by 38 percent year-over-year, while
single-asset transactions fell by 10 percent.
However … 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 Miami, … READ MORE
CommLoan’s Mitch Ginsberg and Wayne Lorgus, Partner at B2B CFO Weigh in
An owner of an Arizona based growing business decided it was time to purchase the building his company was occupying. A loyal, long term customer of his bank, he knew that his relationships … READ MORE
Mitch Ginsberg featured on “Tech Tuesday” segment
On Tuesday, April 4th, CommLoan’s CEO Mitch Ginsberg was featured on AZ TV’s Tech Tuesday, discussing how digital marketplaces are changing and shaping consumer behavior. In his interview with Daily Mix anchor Catherine Anaya, Mitch described how the … READ MORE
Starting in early 2000, as part of an effort to keep up with the commercial mortgage-backed securities (CMBS), Fannie Mae dropped its DSC to (debt service coverage) to 1.20x and underwrote student housing loans to the exact same parameters as conventional loans.
It’s no surprise that since then, student housing has continued to be a profitable venture for many financial real estate investors. But 2017 … READ MORE