$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

$8,000,000 Magnolia Shoppes, Coral Springs, Florida

$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 by Dan Bockstoce & Michael Brown

 

db@banyancc.com

mb@banyancc.com

$4,355,000 Medical Office Building, Miami, Florida

$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 by Zach Nimhauser & Michael Brown

zn@banyancc.com

mb@banyancc.com

$3,780,000 Comfort Inn & Suites, Southgate, Michigan

$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 Independence Commerce Center- Commercial Condo Inventory Loan- Fort Lauderdale, FL

$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 Cypress Creek Business Center- Fort Lauderdale, FL

$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 Viewmax Apartments – Fort Lauderdale, FL

$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 Single Tenant Office Building, Royal Palm Beach, FL

$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 & Michael Brown

zn@banyancc.com

mb@banyancc.com

$1,950,000 Two multi-tenant office buildings, Fort Lauderdale, Florida

$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