5 year fixed rate loan + 5 year extension option
3.50% fixed, locked at application
3,2,1,0,0 prepayment penalty
RATE LOCKED AT APPLICATION
Tenants include: Office Depot, YouFit Health Club, Anthony’s Coal Fired Pizza, Dunkin Donuts, USA Wireless
This was a refinance of a CMBS loan that is maturing in the near future.
Closed by Dan Bockstoce & Michael Brown
$4,355,000
3.25% fixed, locked at application
5 year fixed rate loan + 5 year extension option
25 year amortization
step down prepayment penalty
Tenants include primarily small medical practices and medically related businesses. Building has 35,528 SF, many short term and month to month leases.
This was an acquisition, 60 day closing.
Closed by Zach Nimhauser & Michael Brown
$750,000
4 commercial condo units
5 Year Permanent Loan / 25 Year Amortization
3.50% – Locked at application
No prepayment penalty
Closed by Dan Bockstoce
$3,750,000
Office Building – 41,362 SF
5 Year Permanent Loan / 25 Year Amortization
3.54% – Locked at application
No prepayment penalty
NON-RECOURSE
Closed by Dan Bockstoce
$4,897,000
5 year fixed rate loan with 15 year floating rate extension option
4.00% fixed, 5 Years Interest Only
Rate locked at application
3,2,1,1,1 prepayment penalty
Non-Recourse
First time multifamily buyer, 88 units, 2 four story buildings located in Lauderhill
Closed by: Michael Brown
$5,080,000
3 year term
4.125% fixed, locked at application
No prepayment penalty
Non-Recourse to Sponsors
RATE LOCKED AT APPLICATION
A 30,000 SF Office building is fully occupied by a for-profit university, with 6 years remaining on the lease.
This new loan was the take-out of a construction loan with mini-perm.
Closed by Zach Nimhauser & Michael Brown
10 year term
4.00% fixed, locked at application
no prepayment penalty
Recourse at 25%
RATE LOCKED AT APPLICATION
Closed by Michael Brown
Cash out refi on 59 units built in 1880!
Two non-adjacent properties in downtown New Orleans.
$2,250,000, refi
4.26% fixed
5 year fixed rate loan, 20 year total term
30 year amortization
3,2,1,1,1 prepayment penalty, followed by 15 years open
Non-Recourse
RATE LOCKED AT APPLICATION
Rate resets after 5 years based on a spread over the 6 month LIBOR, and adjusts every 6 months, with no prepayment penalty
This was the refi an FHA bond financed loan. It required the defeasance of the bonds, and working through the FHA/HUD payoff procedure. Bonds have a 10 day window two times per year in which they can be paid off. If this window were to have been missed, the refi would have been delayed 6 months.
Closed by Michael Brown
Multifamily rehab and re-stabilization loan with cash out at closing!!
$3,640,000, refi
3.40% fixed
5 year fixed rate loan
25 year amortization
No prepayment penalty
Foreign sponsors
RATE LOCKED AT APPLICATION
Closed by Nico Pepia, Zach Nimhauser & Michael Brown
