$11,413,000 CubeSmart – Non-Recourse Construction Loan! – Pembroke Park, FL

$11,413,000

Libor Floater

3 year term with 2 one year extension options

Non-Recourse Construction Loan

 

 

A ground up construction loan, non-recourse from the start.

Only a completion guarantee was required. Minimal risk as contractors are bonded.

Construction to start immediately, with completion within 14 months. Remainder of loan term to be for stabilization.

Closed by: Zach Nimhauser & Michael Brown

$38,800,000 Aura Seaside Apartments – Construction Loan – Lantana, FL

$38,800,000

30 Day Libor + 2.50%

3 year term with 2 one year extension options

No prepayment penalty

 

Note, due to the loan size, two lenders teamed up to close this loan.

Property is located along the Intracoastal Waterway in Lantana, Palm Beach County, Florida

Closed by: Nico Pepia, Zach Nimhauser & Michael Brown

$2,200,000 Retail Strip Acquisition, Lake City, Florida

$2,200,000, acquisition

10 year fixed rate loan

3.95 % fixed

Prepayment Penalty: 3,2,1,0,0,0,0,0,0,0

RATE LOCKED AT APPLICATION

Property includes Panera Bread & Matress1 One

Closed by Zach Nimhauser & Michael Brown

 

zn@banyancc.com

mb@banyancc.com

$1,332,500 19 Unit Apartment Property – Fort Lauderdale, FL

$1,332,500

10 year fixed rate loan

3.90% fixed locked at application

25 year amortization

Limited Recourse (20%)

Prepayment Penalty: 3,2,2,0,0,0,0,0,0,0

 

A true 10 year fixed rate loan, no reset, non-securitized, bank portfolio loan.

 

Closed by: Brad Beattie

bb@banyancc.com

$7,700,000 Multifamily – Jacksonville – Acquisition Perm

$7,700,000

80% LTV

5.01% Fixed

12 Year Term

30 Year Amortization

NON-RECOURSE

 

Closed by Michael Brown

mb@banyancc.com

 

 

$1,900,000 Single Tenant, NNN Bank Branch, Miami, Florida

$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