As a repeat borrower, Kyle and Sebastian understood the preferred debt structure. Unfortunately, the combination of age, condition, and blend of self-storage and traditional flex industrial would be difficult for most life companies to overcome.
Additionally, the property was subdivided into 17 parcels and the borrower requested release provisions for a later sale (could take out). By leveraging an existing lending relationship, Kyle and Sebastian sourced an appropriately risk adjusted loan while still satisfying the borrower’s flexibility and structure requirements.
Loan Amount: $2,000,000
Property Type: Industrial
Property: Sunset Industrial
Lender Type: Life Insurance
Term: 5 Year
Amortization: 25 Year
Interest Rate: 4.125%
Non-Recourse
Contact today for current rates!
Kyle Nagy
702.792.7553
Sebastian Torres
702.792.7554
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.