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Michael Schwartz participates in commercial mortgage webinar Commercial real estate financing webinar moderated by David Gritz explores joint venture equity structures and creative commercial real estate loan structures, as well as reviews cutting edge commercial mortgage rates. Financial Compound’s Michael Schwartz draws on his 25 years of commercial mortgage brokerage experience to review and summarize...Read More
$16.1 million southern CA rent control apartments loan These are acquire & reposition bridge loans for rent control apartments. Typically bought with $700 rents and increasing to $1,800 – $2.200 upon renovation after tenants vacate. Financial Compound was charged with finding a lender to make a 70% LTC loan. Most lenders in this space require...Read More
IMN Winter forum on Real Estate Opportunity & Private Fund Forum 17th annual event is held for three days in Laguana Beach. The event is geared toward real estate funding, developing, LPs & service providers on recent regulatory and investment environment. Learn more here IMN Winter forum 2020 on Real Estate Opportunity & Private Fund Forum...Read More
Commercial mortgage broker Financial Compound occasionally does home loans. A recent residential closing for 75% of purchase, 3.875% interest rate, 30 years fixed, 30 year amortization. No lender fee. Aside from amazing loan terms, this transaction was unique in that the borrower was trading out of a 4 plex and did a 1031 exchange to...Read More
Economic conditions should mean a healthy level of growth for the commercial real estate industry through 2017. That’s the conclusion of a study by the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The report is the result of a survey of 49 top economists and analysts from industry organizations. The latest...Read More
Commercial and multifamily lenders closed on nearly $400 billion in loans in 2014, which was up by double digits over the prior year and the highest total since the booming years in the lead up to the credit crisis, the Mortgage Bankers Association (MBA) reported Wednesday. “Last year was a strong year for commercial and...Read More
$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,...Read More
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...Read More
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...Read More
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...Read More
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...Read More
$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...Read More