Santa Monica, CASanta Monica, CA Mon - Fri 09:00 AM - 06:00 PM 310-260-5900 x3
Santa Monica, CASanta Monica, CA Mon - Fri 09:00 AM - 06:00 PM 310-260-5900 x3

By

Michael Schwartz
December 30, 2013

Dollar Store acquisition financing in Southeast

$1.5 million for cross-collateralized Dollar stores acquisition in Southeast.  The four dollar stores were located in predominantly secondary/tertiary locations, with staggered near-term lease rollover and no reported sales.  Furthermore, the borrower is neither a citizen or resident of the United States.  Despite these difficult underwriting characteristics Financial Compound obtained terms with a 4.67% interest rate,...
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August 7, 2013

Swap Spreads: Ghost in the Machine

Swaps spreads are a measure of  risk in the credit markets.  The higher the swap spread, the bigger the credit risk as perceived by market players.  To most easily understand how swap spread are a proxy for risk, we can start with a simpler example of how to gauge credit risk in the market.  Credit...
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November 30, 2012

Boston Commercial Real Estate Rebounds

Financial Compound refinance office building in suburban Boston Across New England there are numerous pockets of strengthening commercial real estate markets.  For example, many of Boston’s suburbs are currently enjoying an economic recovery, along with increased commercial rental rates and reduced vacancy rates.  Multi-family properties are especially strong with a virtual 0% vacancy rate and...
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November 29, 2012

Fiscal Cliff Affects Distribution Warehouse Space

Major Manufacturer in California Relocating to Nevada due to Fiscal Cliff Commercial mortgage broker Financial Compound has a client with a large manufacturing facility in Southern California who has decided to relocate to Nevada largely due to the portent of increased taxes from the fiscal cliff along with higher costs of doing business associated with...
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November 20, 2012

Restaurant Refinance Los Angeles

Refinance of Free Standing Restaurant in Los Angeles, CA $1 million refinance for a free standing restaurant in Los Angeles, California. The restaurant, opened in the 1970s, has a history of stable cash flows and has been favorably reviewed by various local and national magazines. In addition to paying off the existing mortgage, the loan has...
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October 27, 2012

Apartment Refinance Los Angeles

$2,250,000 refinance for an approximate 12 unit apartment complex in Los Angeles, built in the 1940s.  The borrower was seeking a max-leverage refinance to payoff the existing first mortgage as well as some delinquent property taxes.  Many lenders would not consider this transaction as a result of the delinquent real estate property taxes. Commercial Mortgage Broker Financial Compound...
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September 5, 2012

CMBA Las Vegas 2012

CMBA Las Vegas 2012 Commercial Real Estate Finance Conference, September 19-21, 2012 Encore a the Wynn, Las Vegas This CMBA 15th annual Western States CREF conference boasts the largest gathering of western states commercial real estate lenders.  Look for Financial Compound on Thursday September 20 at 1:45pm at Session 1: Bank Lending in Today’s Environment.  Panelists include: Moderator: Kevin McKenzie, HFF,...
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June 23, 2012

Commercial Loan Modification in Southern California

Commercial Mortgage Modification, $15 million loan in Southern California Commercial Mortgage Broker Financial Compound arranged a modification/workout for an approximate o$15 million loan in a strong in-fill Southern California location.  Financial Compound had originated the acquisition bridge loan and have stayed involved working through issues that have arisen since the initial closing four years ago....
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May 21, 2012

Recent Financial Compound Transactions

$18 million for two big box tenants in Southern CA, both tenants are credit tenants with long term leases although one lease expires in 2013.  Financial Compound structured a 15 year loan with windows of flexible prepayment penalty throughout the loan term to accomodate potential refinances or re-leasing upon primary lease and option period maturities.  Financial...
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January 16, 2012

IMN Ninth Annual Winter Forum on Real Estate Opportunity and Private Fund Investing

IMN Winter Forum 2012:  Laguna Beach, CA  January 18-20 Financial Compound to attend and participate in IMN’s Ninth Annual Winter Forum.  Financial Compound will speak on the panel entitled “Small Deal/ Non-Core Asset Financing:  What is Available and How to Secure the Capital”, scheduled for Thursday 1/29 at 3pm.  Financial Compound has significant experience financing...
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November 2, 2011

Commercial Mortgage Broker is Hiring

Commercial Mortgage Broker Financial Compound to Hire Two Analysts Financial Compound, based in Santa Monica, CA, has started to interview candidates to fill two available financial analyst positions.  Candidates should possess strong analytical skills and a desire to forge a career in commercial real estate finance.  The analyst position involves underwriting, packaging, placing, and closing...
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October 15, 2011

Commercial Mortgage Lenders- Burbank Apartment Refinance

Commercial Mortgage Lenders- portfolio apartment refinance Commercial mortgage broker Financial Compound has arranged has arranged a $1 million refinance for a 1950’s built multifamily property.  The class-B property consists of a 2-story, 20-unit building plus 5 free standing cottages.  The borrower desired a few customized features in the loan making the loan unsuitable for agency...
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