$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 – db@banyancc.com Michael Brown – mb@banyancc.com
$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 […]
$5,050,000 Cash-Out Permanent Loan 3.40% fixed rate Interest only period followed by 25-year amortization Rate Locked at Application 3,2,1,0,0,0,0,0,0,0 DETAILS: A very well located stabilized multi-tenant office building in Coral Gables. A major tenant was having covid related issues relating to the entertainment industry being shut down during the pandemic. We were able to secure […]
$2,000,000 Cash-Out Permanent Loan 3.55% fixed rate Locked at Application 2,1,0,0,0,0,0 DETAILS: Client sought to cash out during covid, while many tenants still have remote employees. This property consists of primarily short term leases, which many lenders have avoided. Banyan was able to procure a loan which provided a very low fixed rate (locked at […]
$12,025,000 Non-Recourse Construction Loan Allows for partial releases of pad sites which are being built as an IHOP and a Children of America daycare. Interest Only Full term No prepayment penalty DETAILS: Client purchased this vacant grocery store in suburban Philadelphia and was able to get approval to scale the use down to self storage, […]