$1,500,000 Permanent Loan Non-Recourse Rate Locked at Application 3.74% fixed rate 10-Year Term with 10 year extension option 30-year amortization DETAILS: This loan will enable the client to perform upgrades that will enhance the tenant experience as well as the marketability of the units to future tenants. Rates at the time of closing were […]
$4,129,000 Acquisition Permanent Loan Non-Recourse Rate Locked at Application 3.53% fixed rate 20-Year Term 30-year amortization DETAILS: This loan enabled the client to purchase this 40-unit property which has plenty of rent upside, and has been well maintained by the seller. The early rate locked allowed the client to proceed without fear of rate […]
$6,250,000 Cash-Out Permanent Loan Non-Recourse 3.75% fixed rate 10-Year Term 25-year amortization No Prepayment Penalty Rate Locked at Application Regional Bank Execution DETAILS: This loan was for a repeat client. This is a 3 tenant property in a prestigious area in Jupiter. Client required non-recourse and no-prepayment penalty which we were able to negotiate favorably […]
$11,000,000 Cash-Out Permanent Loan Non-Recourse 4.17% fixed rate 15-Year Term 30-year amortization Early Rate Locked as Rates starting Increasing FNMA Execution DETAILS: This loan was for a repeat client, and in fact, the principals of Banyan Commercial Capital had financed this property for this sponsor nearly 10-years prior. The objective was to lock in a […]
$10,000,000 Cash-Out Permanent Loan Non-Recourse 3.75% fixed rate 10-Year Term 25-year amortization Rate Locked at Application NO PREPAYMENT PENALTY!! DETAILS: Sponsor required non-recourse terms and a bank execution. Property included a Dispensary, as well as CVS, several restaurants, and local tenants. This is the second time that Banyan Commercial Capital has financed this property. Dan […]
$1,995,000, cash out refi 7.5 year fixed rate loan + 5 year extension option 25 year amortization 3.75% fixed and locked at application 3,2,1,0,0,0,0 Property consists of entire grade level commercial condominium, and adjacent 7,425 square foot surface parking lot, a well as 31 garage spaces. We had financed this property a few years ago, […]
$2,162,000 Cash-Out Permanent Loan Non-Recourse 3.62% fixed rate 30-year amortization Rate Locked at Application DETAILS: Property was recently improved and sponsor desired to recap some of the capex. Property is well occupied, stabilized, well managed, and performed very well during covid. Dan Bockstoce – [email protected] Michael Brown – [email protected]
$2,015,000 Cash-Out Permanent Loan Non-Recourse 3.85% fixed rate 25-year amortization Rate Locked at Application Stepdown Prepayment DETAILS: Sponsor required non-recourse terms and a bank execution. Not the easiest placement in the current office environment. However, this property had a strong operating history during covid, and excellent sponsorship. Property has: mostly small local tenants, a few […]
$6,500,000 Cash-Out Permanent Loan 3.50% fixed rate 25-Year Term with 25-year amortization Rate Locked at Application (July 2021 for closing 6 months later) YM for 12 years followed by step-down Life Insurance Company execution DETAILS: Sponsor was concerned about where rates were going and wanted to lock in prior to the pre-payment window opening on […]
$10,460,000 Ground Up Construction Loan – partial recourse 4.00% 72 months, 3 years of Interest Only followed by 25 year amortization Recourse burn-off after lease up No prepayment penalty DETAILS: Banyan Commercial Capital was able to secure a lender that was able to get comfortable with less than 50% pre-leasing. This property will consist of […]