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
A great article posted by GlobeSt highlights some of the fears and realities of the retail marketplace in 2018.
New distribution methods to accommodate same-day delivery are just one example. The ability to lighten a retailer’s in-store stock through the use of new technologies is another. Ultimately, the key to the success or failure of brick-and-mortar is the ability of a … 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
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 … 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 … 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 … Read More