$21,000,000 – Ground-Up Construction Loan 77% LTC SOFR+230 4 Years of Interest Only with 5-year non-recourse mini-perm Bank Execution DETAILS: Development will include 144 rental units of workforce housing. Sponsor sought a high leverage, low interest rate execution with a structured burndown on the personal guarantee, which Banyan Commercial Capital was able to secure. Nico […]
$7,086,500 5-Year Fixed Rate Term with 5-Year Extension 25-Year Amortization 6.00% fixed rate. locked at application No Prepayment Penalty DETAILS: These 4 properties were developed by the sponsor and kept as long term holds. Sponsor sought the best rate and term execution in the market, with the most flexible terms. Banyan offered several quotes, […]
$53,000,000 – Refinance 10 Year Fixed Rate Term 10 Years of Interest Only Non-Recourse 6.81% fixed rate DETAILS: These 11 properties include a total of 181 tenants, which includes: Walmart, Krogers, Marshalls, Hobby Lobby, Big Lots, Harbor Freight, Hibbet Sports, Bealls, Ollie’s Bargain Outlet, Burke’s Outlet Store, JC Penny, Piggly Wiggly, Dollar Tree, Farmers Home […]
$33,750,000 – Ground-Up Construction Loan 75% LTC 2 Years of Interest Only with 12 month extension Non-Recourse Debt Fund Execution DETAILS: Development will include 151 rental units with 12,000 SF of retail space. This property is situated near two rail transit stations on the south side of Hialeah. This Transit Oriented Development will provide access […]
$13,600,000 – Acquisition Perm 4 Year Fixed Rate Term, locked at application 2 Years of Interest Only followed by 25 year amortization 6.75% fixed rate DETAILS: Tenants include: Regal Cinema’s, North Broward Hospital offices, Dollar Tree, W Salon, Creative Child Learning Center, Contrology Fitness, Casa Tequila, Cadillac Sports Bar, H&R Block. Total lease area is […]
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 […]
$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 for […]
$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 […]