$7,000,000 Cash Out for new hotel with only one year of operating history! 5 Year Fixed Rate Term, locked at application Limited Recourse 6.38% fixed rate DETAILS: Sponsor is an active developer in the area with a rock solid reputation. Many lenders in the area do not lend on hotels, which created the challenge […]
Banyan Commercial Capital LLC advisory assisted our client in securing 95% of the equity required to build 5 self storage facilities throughout Florida. For the first property, the client utilized an existing bank relationship for a 70% LTC construction loan. Banyan Commercial Capital secured 95% of the equity stack in a promoted JV structure, which […]
$17,000,000 Construction Loan with Full Term Perm 18 months of construction, 30 months interest only, then 30-year amortization for remainder of 12 year total term Non-Recourse at Stabilization Rate Locked at closing 4.74% fixed rate No bonding of GC or subs DETAILS: Sponsor is a well known Miami GC who is also a developer. HIs […]
$1,462,500 Permanent Loan Limited-Recourse Rate Locked at Application 6.00% fixed rate 5-Year Term with 5 year extension option 20-year amortization DETAILS: Client had purchased this property from a lender. It was in rough shape at purchase. Client has completed many upgrades since purchase and is still doing more. Banyan Commercial Capital was able to […]
$3,350,000 Permanent Loan Limited-Recourse Rate Locked at Application 6.0% fixed 5-Year Term with 5 year extension option 20-year amortization DETAILS: Sponsor is out of state and sought to purchase this portfolio of 69 rental units, mostly single family homes. All properties are within the Dickinson, ND energy area, which has a strong economy due […]
$1,500,000 Permanent Loan Non-Recourse Rate Locked at Application 3.74% fixed rate 10-Year Term with 10 year extension option 30-year amortization DETAILS: This loan will enable the client to perform upgrades that will enhance the tenant experience as well as the marketability of the units to future tenants. Rates at the time of closing were […]
$4,129,000 Acquisition Permanent Loan Non-Recourse Rate Locked at Application 3.53% fixed rate 20-Year Term 30-year amortization DETAILS: This loan enabled the client to purchase this 40-unit property which has plenty of rent upside, and has been well maintained by the seller. The early rate locked allowed the client to proceed without fear of rate […]
$6,250,000 Cash-Out Permanent Loan Non-Recourse 3.75% fixed rate 10-Year Term 25-year amortization No Prepayment Penalty Rate Locked at Application Regional Bank Execution DETAILS: This loan was for a repeat client. This is a 3 tenant property in a prestigious area in Jupiter. Client required non-recourse and no-prepayment penalty which we were able to negotiate favorably […]
$11,000,000 Cash-Out Permanent Loan Non-Recourse 4.17% fixed rate 15-Year Term 30-year amortization Early Rate Locked as Rates starting Increasing FNMA Execution DETAILS: This loan was for a repeat client, and in fact, the principals of Banyan Commercial Capital had financed this property for this sponsor nearly 10-years prior. The objective was to lock in a […]
$10,000,000 Cash-Out Permanent Loan Non-Recourse 3.75% fixed rate 10-Year Term 25-year amortization Rate Locked at Application NO PREPAYMENT PENALTY!! DETAILS: Sponsor required non-recourse terms and a bank execution. Property included a Dispensary, as well as CVS, several restaurants, and local tenants. This is the second time that Banyan Commercial Capital has financed this property. Dan […]