Commercial Mortgage News

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...Read More

$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...Read More

Quick Close Second Mortgage Financial Compound arranged a $400,000 quick close hard money commercial loan on the borrower’s primary residence. This business finance loan was structured to take the borrower out of Chapter 11.  He filed for personal bankruptcy as a result embezellment and stolen funds from his business by one of his employees, which did not come...Read More

Financial Compound celebrates Pi day on March 15, 2010, the closest business day to Pi day, 3/14.  We serve pie, the traditional food for pi day. Pi is an irrational number 3.14159… with digits continuing forever and never repeating a pattern.  One cannot point to pi on the number line.  We can point to a...Read More