For acquisition reasons, timing was the most important factor in the financing of this mixed-use retail/office building. CommCap was tasked with quickly arranging a competitive 10-year fixed rate loan despite the property having a higher than market vacancy rate and several month-to-month tenants.
In just 41 days, Kyle Nagy and Sebastian Torres identified and closed a Life Insurance company loan that offered the additional benefit of a flexible prepayment penalty structure.
Loan Amount: $1,115,000
Property Type: Mixed Use
Property: Rainbow Center
Lender Type: Life Insurance
Term: 10 Year
Amortization: 25 Year
Interest Rate: 4.25%
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As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.