$1,900,000 – Acquisition Loan 4.07% fixed 8 year term 25 year amortization NO PREPAYMENT PENALTY NON-RECOURSE Borrower is a foreign national. Purchased this NNN credit lease property for cash flow and predictable returns. Closed by Michael Brown mb@banyancc.com
$8,000,000 5 year fixed rate loan + 5 year extension option 3.50% fixed, locked at application 3,2,1,0,0 prepayment penalty RATE LOCKED AT APPLICATION Tenants include: Office Depot, YouFit Health Club, Anthony’s Coal Fired Pizza, Dunkin Donuts, USA Wireless This was a refinance of a CMBS loan that is maturing in the near future. Closed […]
$4,355,000 3.25% fixed, locked at application 5 year fixed rate loan + 5 year extension option 25 year amortization step down prepayment penalty Tenants include primarily small medical practices and medically related businesses. Building has 35,528 SF, many short term and month to month leases. This was an acquisition, 60 day closing. Closed […]
$3,780,000, cash out refinance 10 year fixed rate loan 4.50% fixed, locked at application No prepayment penalty No Reserves No escrows RATE LOCKED AT APPLICATION CREDIT UNION EXECUTION
$750,000 4 commercial condo units 5 Year Permanent Loan / 25 Year Amortization 3.50% – Locked at application No prepayment penalty Closed by Dan Bockstoce db@banyancc.com
$3,750,000 Office Building – 41,362 SF 5 Year Permanent Loan / 25 Year Amortization 3.54% – Locked at application No prepayment penalty NON-RECOURSE Closed by Dan Bockstoce db@banyancc.com
$4,897,000 5 year fixed rate loan with 15 year floating rate extension option 4.00% fixed, 5 Years Interest Only Rate locked at application 3,2,1,1,1 prepayment penalty Non-Recourse First time multifamily buyer, 88 units, 2 four story buildings located in Lauderhill Closed by: Michael Brown mb@banyancc.com
$5,080,000 3 year term 4.125% fixed, locked at application No prepayment penalty Non-Recourse to Sponsors RATE LOCKED AT APPLICATION A 30,000 SF Office building is fully occupied by a for-profit university, with 6 years remaining on the lease. This new loan was the take-out of a construction loan with mini-perm. Closed by Zach Nimhauser & […]
$1,950,000, cash out refi 10 year term 4.00% fixed, locked at application no prepayment penalty Recourse at 25% RATE LOCKED AT APPLICATION Closed by Michael Brown mb@banyancc.com
Cash out refi on 59 units built in 1880! Two non-adjacent properties in downtown New Orleans. $2,250,000, refi 4.26% fixed 5 year fixed rate loan, 20 year total term 30 year amortization 3,2,1,1,1 prepayment penalty, followed by 15 years open Non-Recourse RATE LOCKED AT APPLICATION Rate resets after 5 years based on a spread over the 6 […]