Commercial Real Estate Loans

Structured acquisition financing to purchase a 4.5 acre in-fill site with an effective 1% annual interest rate. Existing improvements were functionally obsolete and seller desired to remain in occupancy until relocation to new facility. Our commercial real estate property management customer took title to property and gave seller a Letter of Credit, to be cashed upon earlier of 2 years or when seller vacates property. The LC fee was 1% per year.

Two national chain grocery stores in prime Los Angeles locations with strong sales in commercial real estate property management. Loan terms included a 67 basis point spread over the ten-year treasury, yield maintenance after a three-year lock-out, and a seven month free rate lock. No lender fee.

Aggressively priced 5 year floating rate LIBOR facility. At borrower’s request a competitive bid was conducted amongst interested capital providers. Cutting edge terms included no reserves, customization of the recourse carve-outs, limitation of lender’s approval rights, and borrower friendly provisions in the event of non-monetary default.