Loan Amount – $6,200,000
Property Type – Industrial
Term – 12 Year
Amortization – 30 Year
Interest Rate – 3.50%
Lender Type – Life Insurance
Borrower Challenges:
- Immediate need for a partner buyout
- Existing higher rate CMBS structure no longer beneficial
- Defeasance payoff
Why CommCap Advisors?
- With an eight year relationship with CommCap, the borrower enlisted Kyle and Sebastian to coordinate the entire process.
- The partner buy-out was funded with excess loan proceeds without a borrower injection.
- By leveraging existing relationships with the current CMBS lender and a defeasance consultant, CommCap reduced the overall cost and timing of the prepayment process.
- Transitioned the borrower from a more structured, higher rate CMBS loan into a lower rate, more flexible Life Insurance program with term and amortization reflective of estate planning goals.
Contact CommCap Advisors today for current rates!
Kyle Nagy
702.792.7553
knagy@commcapnv.com
Sebastian Torres
702.792.7554
storres@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.
