eharmony matchmaking service Recent Commercial Loan Closing:
Debt Restructure, Cash- Out and Ground-up loan for a South Texas Developer for State of Texas Agency buildings located in the following:
• New Braunfels
This particular South Developer’s loan request had numerous moving parts with a short time fuse. The staggered leases, ballooning notes with a bridge, conventional and construction lenders had various unrecorded and recorded equity investors liens, back taxes, and needed fresh capital for two ground-up developments – Seguin and Schertz proved to be a challenge as well; Tertiary markets in MSA’s with populations fewer than 50,000. This developer had extensive experience but suffered from low liquidity and a poor global scope. Through our extensive network of capital providers, we located a relationship driven lender who paid off three lenders and consolidated the loans which now have a lower interest rate, longer term and amortization. The improved global scope and liquidity strengthened the borrower profile making the lender even more comfortable with the loan. The lender even provided cash-out which the developer utilized the funds to inject in his new projects located in Seguin and Schertz. Since the leases are fixed, we demonstrated the safety of the new construction loan which upon c/o would have set guaranteed income by the State of Texas. Although the State Agency leases have “kick-out” clauses, we were able to ease lender concerns the state was unlikely to leave; county seats and time/historical occupancy and the current market rental demand is strong enough to support possible re-tenanting if the state did leave.
The loan terms were as follows:• 80% LTC/ LTV
• 5 Year Term
• 20 Year Amortization
• Full Recourse
• Prepayment Penalty 3-2-1
site de rencontres francophones Eleanor Financial prides itself in delivering new and innovative lending programs.
buy strattera We provide both permanent and bridge financing solutions for all types of commercial assets nationwide including many non-recourse options available through lending partners with flexible terms up to 80% leverages- 10 year terms- amortized over 25-30 years–– even Hospitality and Cash- Out !
If you need a quick close or in a distressed situation, we have the solution available through our private equity program. You will never experience the horrors of a commitment not being honored with our team. We never charge any upfront fees. Unlike other lending groups, we offer quick and reliable feedback to all our clients with competitive rates and successful closings. We’re excited to be the exclusive facilitators for several new and old investors entering into the commercial lending market. Our Company remains the most adaptable and capable in the industry to guide our borrowers through the ‘New Normalcy.” We welcome any inquiries regarding your proposed commercial real estate financing needs. Call or email us with any questions.
Our team is here to assist you!
http://hongrie-gourmande.com/frensis/1887 We make the impossible … possible
Eleanor Financial, INC.
Toll Free: 866-732-5626 Cell: 713-858-5556