Stay ahead with Commercial Mortgage News covering trends, lender updates, and financing strategies tailored for borrowers, investors, and CRE professionals.
Commercial Mortgage Broker excited about SOFR Commercial mortgage broker excited about SOFR: LIBOR is a waning index, was replaced by SOFR. Touted as a more perfect rate. SOFR stands for secured overnight financing rate. Its the rate of overnight borrowing of cash in the repo market with US Treasuries as collateral. These days LIBOR has...Read More
Photo by Pexels Nimble Commercial Mortgage Broker I wanted to hop out of the trenches for a moment. Respect due. Today the commercial mortgage broker is king. I dont remember this kind of rate lock frenzy since the Russian Ruble crisis back in 1998. As UFC fighter Connor McGregor said. Precision beats power. Timing...Read More
Commercial Real Estate Loan for Grocery Anchored Acquisition Financial Compound arranges a Commercial Real Estate loan, a $10 million acquisition financing for a 70,000 square foot grocery store in northern Califonia. The store is in a well located, urban in-fill environment. The property has more than 100 parking spaces. The grocer is on a long...Read More
Elusive and Favorable Commercial Mortgage Rates Elusive Commercial mortgage rates are notoriously difficult to predict, as they are impacted by a wide range of factors including the state of the economy, property type, market conditions, creditworthiness of the borrrower, and length of the loan term . Today, commercial mortgage rates are at historical lows for...Read More
Tax Lien Financing Financial Compound arranged a $28 million credit facility for single-family tax liens in the Northeast. Financial Compound, with the help of our borrower, an experienced operator in the tax lien industry, demonstrated the low level of risk (15% LTV) for this credit. Other terms included a cutting-edge interest rate, interest only, close to 100%...Read More
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...Read More
Favorable Commercial Loan Modification for 2 special use properties A favorable commercial loan modification was arranged by Financial Compound, on behalf of a long-standing clients representing a $1 million reduction in prepayment penalty so that our client could more easily sell a few special use retail properties. These special use properties were encumbered by an...Read More
Commercial Mortgage Lenders and Swap Spreads – Getting Esoteric to understand the credit ramifications Commercial mortgage broker Financial Compound is please to present here the culmination of three years of its research into swap spreads. Swaps spreads are a measure of risk in the credit markets. The higher the swap spread, the bigger the credit...Read More
Construction Loan for Los Angeles Car Wash Financial Compound obtained a $1.6 million construction loan for an express car wash in Los Angeles. After the borrower’s application with a conventional lender fell through, Commercial Mortgage Broker Financial Compound was able to quickly secure a private money lender. The quick closing allowed the borrower to maintain...Read More
Commercial Real Estate Loans – Land Financial Compound has arranged a $23 million unentitled land refinance for a 5,000 acre land assemblage in a southern California coastal plain. The assemblage is to be developed into a low density exclusive community with a few thousand acres of private preserve, signature golf course, club-house, spa and equestrian facility. The...Read More
Commercial Mortgage Lenders: Debt Yield and Mortgage Constant Debt yield, the ratio between property NOI and loan amount, has become a primary underwriting characteristic for commercial mortgage lenders. Interestingly, debt yield does not take amortization into account, which plays a factor in the borrower’s ability to make mortgage payments. For example, a property with $900,000...Read More
Structured Refinance $2,850,000 additional funding. A longstanding client approached us with a few different projects wondering the best way to achieve the borrower’s ends of obtaining cash-out refinance proceeds. Commercial Mortgage Broker Financial Compound worked with the borrower and lender and determined that an additional funding on a loan we had completed 2 years ago...Read More