Commercial Mortgage Program Highlights:

Refinancing and Buying Commercial Property

Commercial Permanent Financing

Permanent financing can be a tricky business. Small banks and credit unions vary substantially in options they offer; CMBS spreads move in and out as liquidity fluctuates. As a result, it is important to balance loan terms and guarantor (or carve-out guarantor) personal financials with property financials, investor goals, property economics, and so on. 

The right terms may be a 5-year balloon or a 20-year fully amortizing loan with a life company. It may be a non-recourse, 10-year fixed CMBS deal, or a low-leverage floating rate with a credit union.

Whatever your goals, we work hard to build financial models and debt offering memorandums that cater to what we know our relationship-lenders want to see. When it comes time to finance your stabilized commercial property, Commercial Real Estate Loans has the experienced commercial mortgage brokers and advisors on staff to get the job done, and get it done right. 

Building and Developing Commercial Real Estate

Commercial Construction Loans

When building commercial properties, you need a lender that understands costs, entitlements, and future-value. There is a balance that must be reached between recourse, pre-leasing, pre-selling, cash vs. land equity, leverage, and, of course, pricing. Not all banks or institutions have the same guidelines. And not all of them fully understand different asset classes, developer goals/strategies, or submarkets.

It's important to leverage your financial intermediary’s relationships in order to negotiate the right terms with the right lender for your commercial development opportunity. When you have paid all your soft costs and impact fees and are ready to break ground, sometimes it just boils down to certainty of execution. 

Whatever your goals, Commercial Real Estate Loans has the debt advisory team on staff to negotiate on your behalf and arrange the most competitive commercial construction financing the market has to offer. 

Repositioning Commercial Real Estate

Commercial Bridge Loans

Sometimes you have to unlock the potential in a property. However, many lenders can't see past construction or permanent financing. When repositioning a property, short-term financing is usually the way to go, often in the form of a commercial bridge loan. 

Bridge loans have several benefits. For starters, you can get a loan based on the total cost (cost can include purchase price plus rehab, capex, tenant improvements, interest reserve, etc.). On top of that, bridge loans for commercial properties often have a built-in interest reserve if cash flows aren't strong enough. Another benefit of bridge financing is that after you add value or stabilize the asset (in the form of increased rents, improved occupancy, greater efficiencies in operating expenses, etc.), you can sell or refinance the asset and recapitalize, quite often without any penalty. 

Although bridge loans have a reputation for being expensive, there are plenty of affordable bridge financing instruments in today's market. At the same time, non-recourse options do tend to cost a bit more. When it comes time to add value to your property, the team of expert commercial mortgage bankers at Commercial Real Estate Loans will add value to your capital stack.

Testimonials

"After all my negative experiences of recent years it has been a breath of fresh air... If I had not got to deal with you I do not know where we would be at present. It gives me enormous confidence to move forward with you on other deals."

— Nigel K; Multiple CRE & Multifamily Loans

"We had tried several brokers to secure long-term finance but we were mostly strung along... Then we were introduced to you. You immediately cut to the chase and asked the questions that other brokers took the time to ask. Promptly, you responded to our questions and expedited actions... As a result, we were confident that we got the best deal... We are now saving thousands each month as well as paying off principal. Along the way, we refreshingly like the down-to-earth, friendly, positive and yet professional manner..."

— Brett P; 26 Unit Apartment Loan

"[Blake Janover] redefines the phrase “out of the box”! In the commercial real estate context, he brings expertise to the table well beyond his years, delivers where other brokers fail, and are a constant resource for any and all questions related to commercial real estate and development. His expertise is only topped by his dedication to his clients and a genuine desire to have them achieve their best results. I would highly recommend him for any and all matters relating to commercial real estate, whether on the debt side, equity side, or otherwise."

— Praveen K; Binghamton, NY, Bridge/Mini-Perm, Student Housing Portfolio Acquisition

"Not only were all promises met, but beat by a long shot. He consistently went outside the scope of his required responsibilities. He was involved in every step of the process from initial contact to providing financial analyses on properties I was considering for purchase, to beyond loan closing and after my taking ownership of the new property. Blake is a negotiations expert, negotiating and renogotiating loan terms and fees, terms with the sellers, third party reports, and even repairs and deadlines that were being required by the city... They allowed me to step back and know that someone is working in my best interest."

— Albert B; Los Angeles, CA