Commercial Mortgage News

Apartment loans:  $9 million loan workout and refinance for portfolio in Los Angeles Commercial Mortgage Broker Financial Compound resolve these non-performing apartment loans, secured and cross collateralized by an apartment portfolio in Los Angeles.  We structured a loan refinance with the existing lender accepting a discounted payoff of the loan, as well as waiving prepayment penalties.  Financial Compound...Read More

Commercial real estate finance:  Financial Fridays October through December 2010  Join us for commercial real estate Financial Fridays, our weekly underwriting training sessions.  We are opening up the laboratory to new prospective staffmembers and those curious to learn about what goes on under the hood of a financial instrument.  University of Financial Technologies takes place at noon on Fridays in our conference room in Santa...Read More

Commercial Mortgage Broker Financial Compound to attend and participate in the 13th annual Western States Commercial Real Estate Finance Conference.  This conference is being held at Encore at the Wynn, Las Vegas from September 29th through October 1.   Touted as the largest gathering of lenders in the western U.S., this conference represents an important exchange of information...Read More

Hard Money Commercial Loans:  borrowers with bad credit ok Financial Compound closed a $600,000 hard money commercial loan for the refinance of a primary residence in Los Angeles.  The borrower is a whistleblower who took aim at unscrupulous practices by his employer, a dominant player, and was fired.  As a result, his credit deteriorated and he...Read More

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...Read More

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...Read More

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...Read More

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...Read More