Commercial Mortgage Lenders nail 2 beneficial acquisition loans

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Commercial Mortgage Lenders nail 2 acquisition loans

Commercial mortgage lenders funded two acquisition loans totaling $15,000,000 for the purchase of two adjacent 95% occupied suburban midrise office buildings built in the 1980s.  When it comes to commercial mortgage lenders, Financial Compound is one of the most trusted and experienced names in the industry.  We have a reputation for providing highly competitive financing options, as demonstrated with this transaction.

Commercial Mortgage Broker Customization

Financial Compound surveyed the commercial real estate capital markets and recommended as the optimal financial structure, a fixed rate loan on the stabilized property and a floating rate bridge loan on the other property until it stabilizes. We considered some financing proposals from a few different lending sources willing to make two cross collateralized loans, but opted for two different lenders, each with one building as collateral.

Commercial mortgage broker Financial Compound customized SNDA’s and estoppels that were acceptable to both lenders to make the process easier for the property management firm (which was being retained by the borrower).  As both properties were being sold by the same seller as a package, the purchase price was allocated between the two properties to meet each lenders’ underwriting requirements.

 

Financial Compound structures with interest rate discounts

Loan terms for the permanent loan included a 5.8% interest rate, 10 year term with a 30 year amortization and loan to value of 75%.  No lender fee.  The loan is non-recourse.  Loan terms for the bridge loan included a floating interest rate of Libor plus 3.75%, 3 year maturity along with two 1 year extensions, a 1% lender fee, 1/2% exit fee.  The loan is non-recourse.  These transactions demonstrate how a skilled commercial mortgage broker was able help guide the borrower by identifying a capital markets opportunity and structuring and customizing the loan to achieve the borrower’s objectives.

commercial mortgage lenders

 

Commercial mortgage lenders are an essential resource for businesses looking to purchase or refinance commercial properties. These lenders play a key role in the commercial real estate market, providing financing to help facilitate transactions and enable businesses to grow and thrive.  At Financial Compound, we have extensive experience working with commercial mortgage lenders to help our clients secure the funding they need for their commercial properties. Whether you are looking to acquire or refinance a building, we can work with our extensive network of commercial mortgage lenders to find the right funding solution for your unique needs.

Business clients can save

Our years of experience and knowledge in the commercial real estate market allow us to carefully assess each situation and recommend the most appropriate financing structure for each client’s particular circumstances, resulting in significant cost savings for our clients. So if you are looking for commercial mortgage lenders that can help you meet your business goals, look no further than Financial Compound.

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