$9,000,000 – initial quote to final funding in 36 hours! Short term bridge loan Fixed Rate Interest Only Full term No prepayment penalty or exit fee DETAILS: Client had an emergency. His relationship lender of many years pulled out 10 days before closing, client was hard on contract and stood to lose a large deposit. […]
$17,000,000 Fixed Rate 2.92% Locked at Application 15 year term / 25 year amortization Non Recourse DETAILS: As rates dropped during Covid, client wanted to lock in a very long term fixed rate in order to fix their cost of debt taking advantage of today’s situation. Banyan provided the client with two options, this one […]
$20,000,000 Fixed Rate 3.75% 8 year term Interest only during construction, then 25 year amortization DETAILS: Repeat Client Tenants include: Publix, Marshalls, Five Below, Chipotle, Dunkin’ Donuts, Aspen Dental, Wells Fargo, Publix Liquor. This loan was quoted, processed and closed during Covid. While many lenders are not comfortable with retail currently, Banyan Commercial Capital was […]
$5,555,000, Cash Out Refinance 3.67% fixed 7 year fixed rate loan 20 year amortization No Prepayment Penalty No escrows No Reserves No Covid-19 holdback An 85,000 SF non-anchored retail center, currently 67% occupied. Tenants are primarily local, with several new tenants under LOI for some of the vacant space. Client wanted a long term fixed […]
$28,700,000 Libor Floater Bridge term through construction, build-out and stabilization Interest only during construction, then 25 year amortization DETAILS: Repeat Client Tenants include: Publix (to be built), TJ Maxx, Crunch Fitness, Rack Room Shoes, Home Goods, Ace Hardware, UPS, and many others. Several interested lenders in this property ranging from banks to life companies. Property […]
$3,000,000, Cash Out 3.52% fixed 10 year fixed rate loan 30 year amortization Non-Recourse No escrows No Reserves No Covid-19 holdback REPEAT CLIENT A 4-year old stabilized property, great condition, well managed, fully occupied. Owned by the developer, who had built it out of cash. The full loan amount was cash out. […]
10 Years Interest Only Cash out refi on 59 units built in 1880! Two non-adjacent properties in downtown New Orleans. $3,000,000, refi 3.95% fixed 10 year fixed rate loan, 20 year total term 10 years of interest only followed by 30 year amortization Step-down Prepayment Penalty Non-Recourse RATE LOCKED AT APPLICATION REPEAT CLIENT This […]