Multifamily in Grand Junction, Colorado
The Borrower was seeking a permanent loan to pull some cash out of his hotel-to-apartment converted property. He had worked with other reputable mortgage brokers in the past year, but was unable to procure the terms he was looking for.
Utilizing the CUPID™ platform, CommLoan was … Read More
Original Article: May 21, 2019 GlobeSt.com
The worlds of hospitality and multifamily are becoming more intertwined. Multifamily owners are incorporating more amenities and services into properties to drive occupancy and rents. Today, people are renting later into life and want a high-end living experience. These services include concierge services, furnished units and short-term rentals.
“The labor … Read More
Multifamily in Phoenix, Arizona
The Borrower was interested in acquiring a multifamily property in Phoenix. Although the building was stabilized and produced cash-flow, the Borrower saw the potential of making some additional improvements. The Borrower needed a lender that would be able to provide not only a competitive rate, but also enough loan proceeds to cover the rehab costs.
With the … Read More
Original Article: April 30, 2019 GlobeSt.com
Artificial intelligence technology is all that people can talk about these days, and commercial real estate investors are excited about how these tools can impact investment decisions. But it isn’t only investors adopting AI technology. The whole industry is integrating new AI tools. In the property management industry, AI tools … Read More
Office in Phoenix, Arizona
The buyer was referred to CommLoan by a Phoenix commercial real estate broker. The experienced Sponsor had been buying commercial real estate and obtaining financing through his network for many years. Since he was highly recommended to work with CommLoan, he decided to see what financing options they could obtain. The Sponsor ended up having an existing relationship with … Read More
Original Article: March 15, 2019 National Real Estate Investor
With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through the first half of 2019, although there are particular market segments and geographies that could experience some bumps.
“On the interest rate side, I think everybody … Read More
Original Article: March 7, 2019 GlobeSt.com
What a year 2018 was. And all signs point to another year of bounty for commercial real estate.
We experienced stomach-churning market volatility, tariff wars, several terrifying natural disasters and, at the end of the year, the beginning of a government shutdown. Unfortunately for us, all of these factors … Read More
Congratulations to Dunbar Real Estate Investments for their most recent
acquisition of an industrial building in Tempe, Arizona.
Congratulations to Brandon Hampton at Clear Sky Capital on his most recent
acquisition of a multifamily property … Read More
Original Article: December 11, 2018 Bisnow Champaign Williams, National Editor
Most economists still project a robust commercial real estate market despite the Fed’s policy of continuing to increase interest rates and the political uncertainty brought on by Washington gridlock.
With robust jobs growth continuing to increase at a healthy clip and the unemployment rate steady at 3.7%, a … Read More
Retail Single Tenant in Clermont, Florida
The sponsors had a 1031 exchange deadline and limited experience with single tenant properties.
CommLoan has closed multiple 1031 exchanges and several single tenant properties. CommLoan was able to secure a permanent loan with $100,000 in additional loan dollars than what was needed to complete the exchange and close on time. Using CommLoan’s technology … Read More