The borrower was acquiring La Palm Motel with the intent to transition to a traditional multifamily operation.
Despite the existing short term rental operation and its vintage construction, Andy Crawford, CCIM was able to leverage one of CommCap’s many lender relationships. In coordinating the transaction, Andy met the borrower’s investment goals by arranging a highly leveraged loan with a low interest rate.
Loan Amount: $2,500,000
Property Type: Multifamily
Property: La Palm
Lender Type: Credit Union
Term: 10 Year
Amortization: 25 Year
Interest Rate: 3.75%
Contact today for current rates!
Andy Crawford
702.792.7552
acrawford@commcapnv.com
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.
