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Passion in delivering Value and Expertise

in the Capital Markets.

Recent Financings

50-Unit Non-Contiguous Apartment Portfolio

Location:
Atlanta, GA

Financing: 
$5.1 Million, 75% LTV Bridge Loan

Term:
10 Years with 10 Years Interest-Only.  Open prepay after Year 1

Details: 
Worked with the Borrower on 1031 up-leg acquisition financing on a 30=day bridge loan closing for 50 non-contiguous units with an open prepayment after Year 1 and a fixed rate locked for a total 10 years.

39-Unit Two-Property Apartment Portfolio

Location:
Portland, OR

Financing: 
$7.0 Million, 70% LTV, 3.57% fixed rate

Term:
7 Years with 5 Years Interest-Only & flexible prepay

Details: 
Worked with the Borrower on 1031 up-leg purchases to secure the $7.0 million loan with flexible prepayment terms and a fixed rate locked at signed loan application.

72,000 SF Retail Center - Ross, TJ Maxx, Chick-Fil-A, Shoe Carnival

Location:
Wichita Falls, TX

Financing: 
$7.1 Million, 70% LTV, 3.63% rate

Term:
5 Year Fixed followed by re-set 5 Year Fixed

Details: 
Negotiated a max leverage loan with a 5-year initial fixed term followed by another 5-year fixed period at re-set rate at that time.  Allows for tenant renewals to maximize best conditions for a sale or the next refinance.

393-Unit Two-Property Multifamily Portfolio

Location:
El Paso, TX

Financing: 
$26 Million, 78% LTC, Floating Rate Bridge Loan,
Non-Recourse, w/ $1.6 Million of CAPEX Funding

Rate:
3.10% spread over 0.25% Libor Floor


Term:
3 Years with two 1-Year Extension Options

Details: 
Marketed the financing assignment to 75 debt funds, life companies, and banks.  Negotiated rate and terms before selecting the top lender.  Worked with the Debt Fund through closing to adjust funding to meet the exact amount of 1031 proceeds available.

30-Unit Apartment

Location:
Portland, OR

Financing: 
$3.51 Million, 65% LTV, 3.36% fixed rate, non-recourse

Term:
5 Years with 3 Years Interest-Only & flexible prepay

Details: 
Secured a $3.51 million non-recourse loan with flexible prepayment terms and a fixed rate at signed loan application that allows the Borrower to execute their value-add business plan and have flexibility to pull cash out quickly through a refinance or sale.

134-Unit Apartment Community

Location:
Monterey County, CA

Financing: 
$24.4 Million Floating 3.03% Starting Rate "Quasi" Bridge Refinance

Term:
7 Years with 2 Years Interest-Only

Details: 
Freddie Mac non-recourse execution that lowered the Borrowers interest rate by more than half and provided over $4mm of cash-out.  Purchased an index cap that limits floating rate risk.  Negotiated a shorter 6-Month prepay lockout.  40-day closing.

 

49-Unit Value-Add Multifamily

Location:
Kansas City, MO

Financing: 
$2.58 Million "Quasi" Bridge Loan, Non-Recourse,
78% LTV, 3.63% rate


Term:
5 Years with one year interest-only

Details: 
Creatively structured Freddie Mac loan with elements of a bridge loan - open prepay starting in year 3 - while still taking advantage of affordability waivers.  Worked through survey encroachment issues to ensure title company issued acceptable policy to meet lender requirements.

33-Unit Apartment

Location:
Portland, OR

Financing: 
$3.51 Million Cash-Out Refinance

Term:
7 Years with 3 Years Interest-Only

Details: 
Secured a $3.51 million non-recourse permanent loan that cashed the Borrowers out at 88% of their original purchase price from 12 months prior.  Navigated the appraisal process to ensure the highest possible value and loan amount.  Appraised value 45% higher than purchase price in 12-month period.

Webster University - 28,500 SF Satellite Campus

Location:
Columbia, SC

Financing: 
70% LTV Acquisition Financing

Term:
7 Year Fixed Term

Details: 
Negotiated a max leverage loan with a 7-year term past the remaining lease term of 5 years to ensure sufficient time to structure the tenant renewal or release the property to prevent the need for a bridge loan upon expiration.

27,136 SF Industrial Business Park

Location:
Nevada City, CA

Financing: 
$4 Million Acquisition Bridge Financing

Term:
2 Year Term plus extensions

Details: 
Sourced a bridge lender who could close quickly without an appraisal to ensure closing by the Borrower's 1031 deadline.  Negotiated a 6-month minimum interest to allow for a recapitalization upon full stabilization.

121-Unit, 4-Property Multifamily Portfolio

Location:
Portland, OR

Financing: 
$17.2 Million Senior Fixed-Rate Acquisition

Term:
10 Years with 30-Year Amortization

Details: 
Crossed four separate acquisitions from different sellers at different close times in a Fannie Mae execution that aided in negotiating for bulk pricing discounts.  Rates in the mid-2%'s across the portfolio through Fannie Mae's Green Rewards Program, which allowed for further pricing breaks and an increase in proceeds.

92-Unit Apartment Community

Location:
Walnut Creek, CA

Financing: 
$23.6 Million 75% LTV Refinance

Term:
10 Years with 5 Years Interest-Only

Details: 
Secured a $23.6 million Freddie Mac non-recourse loan with a sub-3% rate that substantially lowered the Borrower's interest rate and provided over $4mm of cash-out.  Worked through Covid-related deferment plans and easement access rights to ensure max proceeds, smooth closing, and acceptable title policy.
 

92-Unit Luxury 55+ Independent Living Community

Location:

Lake Havasu City, AZ

Financing: 

Senior Lease-Up Bridge Financing

Term:

3 Years plus two 1-Year Extensions

Details: 

Secured a non-recourse bridge loan to recapitalize the deal at 45% occupancy to finish lease-up and season the asset. 

16,512 SF Brand-New Class A Office Building

Location:
Los Angeles, CA

Financing: 
67.50% LTV Cash-Out Refinance

Term:
10 Years, Full-Term Interest-Only

Details: 
Secured an $8.10 million, non-recourse, full-term interest-only CMBS loan.  Negotiated preferential sweeping TI/LC reserve requirement.  Loan funding cashed out over 100% of the partnership's cost basis within 7 months of purchase.
 

Creative Office to Retail Conversion

Location:
West Hollywood, CA

Financing: 
Senior Refinance Loan

Term:
8 Years, Full-Term Interest-Only

Details: 
Arranged a full-term interest-only loan with a private lender for a creative office to retail conversion. 

72-Unit Apartment Community

Location:
Nacogdoches, Texas

Financing: 
Senior Fixed Rate Refinance

Term:
10 Years

Details: 
Non-recourse Freddie Mac permanent loan with locked interest-rate at signed application that substantially lowered the Borrower's interest rate.
 

82-Unit Luxury Assisted Living & Memory Care Community

Location:

Los Angeles, CA

Financing: 

Construction Financing

Term:

4 Years plus one 1-Year Extension

Details: 

Helped push the lending market to maximize the lowest cost recourse financing terms possible.  Project amenities include a gym, pool, movie theatre, game room, art room, vegetable garden, dog park, outdoor dining, café, bar, spa massage services, and a nail salon.

95-Unit Mixed-Use Property

Location:
Ventura, CA

Financing: 
Senior Refinance

Term:
25 Year Term / 10 Years Fixed

Details: 
Worked through the challenge of a limited lender pool due to the COVID-19 pandemic by casting a wide net to over 30 lenders.  The second hurdle was finding a lender who was comfortable with half of the units having shared bathrooms, which was especially challenging with the public health concerns surrounding the pandemic.  Ultimately found the most competitive long-term option with very competitive step-down prepay.

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