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Michael Schwartz

Commercial Mortgage Lenders: Current Transactions

Commercial Mortgage Lenders: Current Transactions Available for Capital Providers Financial Compound is pleased to announce a new page on our website which presents our current financing requests on behalf of our borrower clients.  The format contains pertinent underwriting and transaction information within a couple of sentences that should allow a commercial mortgage lender or joint venture equitiy provider to...
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Commercial Mortgage Lenders: Arizona construction

Commercial Mortgage Lenders:  Banks making construction loans in Arizona Financial Compound contact in excess of 60 commercial mortgage lenders  in order to obtain a $4.5 million construction loan for a 20% pre-leased retail center in Arizona.  In addition to this feat of finding a construction loan post-credit crunch, the loan represents 90% of construction cost.  The...
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Commercial Mortgage Lenders: Life Insurance Companies

Commercial Mortgage Lenders:  Aggressive Life Insurance Company lending Commercial mortgage broker Financial Compound has arranged a $13 million refinance for this Class A medical office building in southern Califonia near a major hospital.    Loan terms include a 5.80% interest rate; 10 year loan with a 30 year amortization; 60 day free rate lock; No lender...
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Commercial Mortgage Lenders- be wary of large up-front deposits

As a result of the credit crunch that began in 3rd quarter 2007, finding a commercial real estate loan has become more difficult.  Additionally a number of new or off the radar screen companies have emerged claiming to be lenders when they are in fact not lenders. Sometimes they are brokers pretending to be lenders,...
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Commercial Mortgage Lenders: Banking

Commercial Mortgage Lenders in the Banking Sector Oftentimes when a bank was failing, the FDIC looked for a compatible bank and sold to the acquiring bank most of the assets, and  kept the toxic assets for FDIC to handle on their own.  In 2009 the FDIC revived a technique that had been used a bit...
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Commercial Mortgage Lenders struggle with Construction takeout loan

Financial Compound closed a $5.5 million construction takeout loan representing 115% of all-in project cost.  This loan was obtained after talking to many commercial mortgage lenders who shied away from making an uncovered takeout loan on this 25,000 square foot high-end strip center in Las Vegas, Nevada containing both national and local tenants.  Financial Compound structured this loan...
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Commercial Mortage Lenders- Condo Conversion Financing

Commercial Mortgage Lenders for condo conversions These are three nearly completed condominium conversions in southern California totaling 225 units.  Financial Compound arranged $9,000,000 of high-leveraged second mortgages with commercial mortgage lenders when the conversions were  75% completed.  The borrower needed to quickly monetize some of the equity in the unsold condo units to meet its liquidity covenants required by another...
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Land Loan Refinance

Financial Compound arranged a land loan facility that allowed the borrower to refinance two single family residential communities in different states in the midwest and southwest.   The midwest property has approximately 500 home sites on 700-acres.  Custom homes prices are expected to be valued between $1 and $3 million.  The development includes custom homes and detached cottages. ...
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Commercial Bridge Loans with Construction Loan Option

Financial Compound arranged an approximate $4 million fixed rate commercial bridge loan with construction loan option for a 40,000 square foot, 500 unit self storage facility in southern California.  The borrower intends to develop an additional 60,000 Sq. Ft. of new self storage space at the property, adding another 450 units.  This loan structure allows the borrower...
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Commercial Real Estate Finance: Structured Financing

$11.5 million structured permanent financing for a 100,000 sf retail center in California, 85% occupied.  This 4 building mixed use retail center constructed in the 1980’s is anchored by a 20,000 s.f. hard goods retailer and includes a variety of uses including an Army recruiting center, and a distribution warehouse. The borrower is the original developer and...
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Land Loan: Acquisition and Residential Construction

Financial Compound arranged an $11 million land acquisition and development loan facility for a 45 home subdivision in Orlandlo, Florida.  The borrower projects an average home sale price of $350,000. The homes are intended to be used as vacation rentals with the foreign owners living in the home two months of the year and rented out the other ten months. ...
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Commercial Mortgage Lenders become more competitive

Commercial mortgage lenders origination in 2010 was up significantly from 2009 despite the national recession that began in the U.S. in late 2007.  Recently commercial mortgage lenders have become more competitive, albeit more conservative than in the go-go days.  Until the real estate finance markets finds its footing, private ‘hard money’ lenders are able to...
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