Stay ahead with Commercial Mortgage News covering trends, lender updates, and financing strategies tailored for borrowers, investors, and CRE professionals.
Commercial Bridge Loan for a mixed use acquisition An 85% of all-in-cost $14 million mixed use acquisition commercial bridge loan was arranged by Financial Compound for the acquisition/reposition of a 30,000sf mixed use property in Los Angeles. The property was sold by an owner-user, who intends to vacate, along with the other anchor tenant, within...Read More
Commercial Mortgage Lenders: FDIC Agreements – Loss Share or Lost Hair? While Financial Compound has completed loan modifications and note sales with many types of commercial mortgage lenders, we have been involved in only a precious few with banks holding recourse commercial real estate loans subject to a loss share agreement with the FDIC. Since 2009 the successor bank purchases all...Read More
While new technology is completely changing the face of the residential mortgage market, the same story isn’t happening in the commercial mortgage market. As it stands, mortgage lenders are almost being forced to use more technology in order to compete in the market. Kelly Adkisson, a managing director at Accenture Credit Services, recently explained in an...Read More
Cash Out Refinance An $8,000,000 cash out refinance was obtained for this retail center in anchored by a local fitness center, with 8 other locations, had historically been 100% occupied and anchored by a grocery store. The grocery store is dark and remains on the lease for many years and and subleased their space to...Read More
While Financial Compound has completed loan modifications and note sales with many types of commercial mortgage lenders, we have been involved in only a precious few with banks holding recourse commercial real estate loans subject to a loss share agreement with the FDIC. Since 2009 the successor bank purchases all of the failed bank’s assets, and enters into a loss share...Read More
Financial Compound arranged two acquisition loans with 2 different commercial mortgage lenders totaling $15,000,000 for the purchase of two adjacent suburban midrise office buildings in North Carolina built in the 1980s. Building A is 95% occupied, and building B 40% occupied. Financial Compound surveyed the commercial real estate capital markets and recommended as the optimal financial structure, a fixed...Read More
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% LTC,...Read More
$19 million in land acquisition financing (95% of all-in-cost) was provided for this 1,600 acre semi-entitled residential single family lot land assemblage, which is part of a larger, 3,000 lot SFR master planned community. To-date, about 500 lots have been built. The community includes two new 18-hole championship golf courses. The loan proceeds funded 95%...Read More
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 its construction schedule as the private money...Read More
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 NOI and a $10 million loan request with...Read More
Currently Financial Compound is a leading commercial mortgage broker closing structured apartment loans. Financial Compound is able to obtain cutting edge financing terms for apartments loans that many DUS FNMA and Freddie Mac lenders will not make. With interest rates between 5% and 7% fixed for ten years and loan to value up to 80%,...Read More
$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 was the...Read More