Entries by serfaty

$20,000,000 Construction Loan, Publix Anchored Retail Center, Miami, FL

$20,000,000 Fixed Rate 3.75% 8 year term Interest only during construction, then 25 year amortization DETAILS: Repeat Client Tenants include: Publix, Marshalls, Five Below, Chipotle, Dunkin’ Donuts, Aspen Dental, Wells Fargo, Publix Liquor. This loan was quoted, processed and closed during Covid. While many lenders are not comfortable with retail currently, Banyan Commercial Capital was […]

$28,700,000 Construction/Re-Positioning Loan, Publix Anchored Retail Center, Atlanta, GA

$28,700,000 Libor Floater Bridge term through construction, build-out and stabilization Interest only during construction, then 25 year amortization DETAILS: Repeat Client Tenants include: Publix (to be built), TJ Maxx, Crunch Fitness, Rack Room Shoes, Home Goods, Ace Hardware, UPS, and many others. Several interested lenders in this property ranging from banks to life companies. Property […]

$3,000,000 Felicity Harmony Apartments, New Orleans, LA

10 Years Interest Only Cash out refi on 59 units built in 1880! Two non-adjacent properties in downtown New Orleans. $3,000,000, refi 3.95% fixed 10 year fixed rate loan, 20 year total term 10 years of interest only followed by 30 year amortization Step-down Prepayment Penalty Non-Recourse RATE LOCKED AT APPLICATION   REPEAT CLIENT This […]