CommLoan’s primary focus is creating a best-in-class borrower experience. We have learned that it is crucial to retain the high-touch, concierge service of a traditional mortgage broker. Add that with cutting-edge technology and this creates a winning combination for the Borrower.
Check out our latest Google review from our most recent funding last week!
“The team of Mr. David Luke and Mr. Eric Little was … Read More
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
CommLoan was proud to have hosted a panel discussion on “Trends in Arizona Multifamily Commercial Financing” that was held on August 16th at our corporate office. The event was well attended by Arizona real estate professionals.
We would sincerely like to thank our panelists Bob Ferrell from Orion Investment Real Estate, Karl Abert from Kidder Mathews, and Royce Munroe from ABI Multifamily. The panel did … 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
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, … Read More