Though the property was not performing at a stabilized occupancy, the borrower requested long-term fixed rate, non-recourse life insurance company debt. After surveying the market, Kyle and Sebastian identified a life company willing to accept the current occupancy without holdbacks or an increase to the interest rate.
Loan Amount: $2,550,000
Property Type: Office
Lender Type: Life Insurance Company
Interest Rate: 3.80%
Term: 10 Years
Amortization: 25 Years
Non Recourse
Acquisition
Contact Kyle Nagy & Sebastian Torres today to discuss your financing needs!
Kyle Nagy
702.792.7553
Knagy@commcapnv.com
Sebastian Torres
702.792.7553
Storres@commcapnv.com
