Author Archive for: serfaty
Entries by serfaty
$11,413,000 CubeSmart – Non-Recourse Construction Loan! – Pembroke Park, FL
$11,413,000 Libor Floater 3 year term with 2 one year extension options Non-Recourse Construction Loan A ground up construction loan, non-recourse from the start. Only a completion guarantee was required. Minimal risk as contractors are bonded. Construction to start immediately, with completion within 14 months. Remainder of loan term to be for stabilization. […]
Non-Recourse Construction Loans for Commercial Real Estate & Multifamily
As Advisors, our role is to provide options to our clients that they may or may not know about or have considered in the past. The Issue We have many developer clients chasing construction loans in an unending circle of rejections, deferrals, un-papered verbal quotes, or quotes at far lower leverage than expected. I […]
$38,800,000 Aura Seaside Apartments – Construction Loan – Lantana, FL
$38,800,000 30 Day Libor + 2.50% 3 year term with 2 one year extension options No prepayment penalty Note, due to the loan size, two lenders teamed up to close this loan. Property is located along the Intracoastal Waterway in Lantana, Palm Beach County, Florida Closed by: Nico Pepia, Zach Nimhauser & Michael Brown
$2,200,000 Retail Strip Acquisition, Lake City, Florida
$2,200,000, acquisition 10 year fixed rate loan 3.95 % fixed Prepayment Penalty: 3,2,1,0,0,0,0,0,0,0 RATE LOCKED AT APPLICATION Property includes Panera Bread & Matress1 One Closed by Zach Nimhauser & Michael Brown [email protected] [email protected]