Commercial Real Estate Investment Bank Secures $2,475,000 of Bridge Financing and Permanent Financing for an Office Property in Oregon
http://www.pacificsecuritycapital.com - Pacific Security Capital ("PSC"), a leading commercial real estate investment bank headquartered in Portland, Oregon recently announced that it secured $2,475,000.00 of bridge financing and permanent financing for Bridgeport Crossing, a suburban Class "A" property in Portland, Oregon. Pacific Security Capital provided a float to fixed first mortgage with a very competitive spread over the 30-day LIBOR for the 20,000 sq. ft. office building located in Portland, Oregon. The bridge financing allowed Pacific Security Capital's client to take-out their construction loan prior to the property being stabilized which was of significant benefit to the sponsor.
After stabilization there is an option to fix the rate at a very competitive spread over the corresponding Treasury swap rate.
According to Mike Wenzlick, Senior Managing Director for Pacific Security Capital, "This project had a variety of issues that come with financing a non-stabilized property which also had a non-profit corporation as a significant owner."
"When we originally saw the transaction we underwrote it on a CMBS basis as the owner thought they had a tenant in tow that would provide the necessary occupancy prior to closing. However during underwriting the owner lost the tenant and we had to underwrite the loan on a portfolio basis in order to get it closed. The fact that we were able to deal with the vacancy issue and change direction midstream bears testimony to the value Pacific Security Capital adds to a deal with creative underwriting and sophisticated financial engineering," said Mike Myatt, Executive Managing Director of Pacific Security Capital. About Pacific Security Capital (PSC)Pacific Security Capital ("PSC") is a leading commercial real estate investment banking firm and real estate capital markets expert.
Pacific Security Capital provides commercial real estate loans, bridge loans, debt, equity and hybrid capital for the acquisition, development, construction, renovation, mezzanine, and bridge financing and permanent financing of commercial real estate projects requiring more than $2MM in financing. Pacific Security Capital is headquartered in Portland, Oregon with other locations across the country. More information about the company can be found at www.PacificSecurityCapital.com.
Contact: Pacific Security CapitalMike MyattDirect: 503-670-5415Fax: 503-670-9400e-mail protected from spam bots.
Bad Credit Mortgage Loans Online - How Your Fico Credit Score Can Affect Your Loan Approval
When applying for a mortgage loan when you have a bad credit history. There are a few things you should know about your FICO score that will help you know what to expect from mortgage lenders.With a credit score below 585, you will need to put at least 10-20% as a down payment on the property. You will not likely be approved for 100% financing at this point.If you have a credit score of between 585-599, you will probably need around a 5% down payment in order to get an approval for a home mortgage loan. You will still need to get your approval from a subprime mortgage lender. You will need to use a lender who specializes in loans for people with "less than perfect credit" or situations that make it difficult for a person to get financing for their home.If you have a credit score of 600 - 620, you will probably be able to get an approval for 100% financing.
You will also, in this situation, still need to use a subprime lender.With a credit score of 620 or higher, you may be able...
Bad Credit Mortgage Loans Online - How Your Fico Credit Score Can Affect Your Loan Approval
Financing > Bad Credit Mortgage Loans Online - How Your Fico Credit Score Can Affect Your Loan Approval
Free Online Commercial Mortgage Course Offered by AEX Commercial Financing Group, LLC
Leesburg OH (ContentDesk) April 19, 2006 -- AEX Commercial Financing Group, LLC today announced that it is offering a free online six-part commercial mortgage course. This program is designed to provide critical background information which can help commercial borrowers throughout the United States obtain appropriate terms for commercial mortgage financing. The course will especially benefit small or mid-sized business owners who need new financing or refinancing for commercial properties ranging in value from $100,000 to $5 million. Part one of the course is entitled Key Problems to Avoid with Commercial Mortgages. Some of the other topics of the six-part course include special purpose commercial mortgages, supplemental financing and commercial mortgage trade-offs. Those interested in enrolling can do so on the websites for AEX Commercial Financing Group, LLC
(http://aexllc.com and http://aexcfgllc.com) simply by providing their name and email address.
AEX Commercial...
Free Online Commercial Mortgage Course Offered by AEX Commercial Financing Group, LLC
Financing > Free Online Commercial Mortgage Course Offered by AEX Commercial Financing Group, LLC
ProFunders, of St. Peters, Missouri, Has Launched A New Website To Assist With Every Aspect Of Commercial Financing Needs
St. Peters, MO
(ContentDesk) December 3, 2005 --
According to Patti Porter, founder of ProFunders, "There is a tremendous need in the marketplace for sound, informative assistance in regards to Commercial Finance...ProFunders hopes to fill that void."Unlike residential lending which focuses on the borrower's credit, commercial lenders concentrate primarily on the physical real estate specifically, the income produced by the real estate. Therefore, proper development and prudent analysis of the property's operating statement and rent roll is paramount to understanding the likelihood of funding and preparing a professional loan package that demonstrates the financing issues of the property in order for a lender to provide a loan commitment. The key is the type of underwriting that is used.Unlike our competitors, we underwrite and originate our loans in-house using the Commercial Mortgage Securities Association's CMSA) Investor Reporting Package (IRB) and not the conventional...
Financing > ProFunders, of St. Peters, Missouri, Has Launched A New Website To Assist With Every Aspect Of Commercial Financing Needs
RV Loan Mistakes That You Must Avoid
Deciding which motorhome or RV to buy often is only part of the buying process at hand. Actually, more money can be lost on making the financing arrangements than almost anywhere else in the deal. If you have the money to pay cash for a motorhome, then financing isn't even an issue, but with the rising cost of new and even used RVs, motorhome loans are a necessary part of the sale for many.
There are some mistakes that are commonly made that can cost you dearly if you don't take steps to avoid them and here they are:
1. Don't focus on the monthly payment figure alone to determine if you can afford a particular motorhome model. This is often done by car buyers too, but the monthly payment is only part of the whole loan picture.
You need to take that monthly payment figure and multiply it by the number of months that the loan contract is in force. Once you have that figure, then compare the final cost of the loan contract with the cost of just buying...
RV Loan Mistakes That You Must Avoid
Financing > RV Loan Mistakes That You Must Avoid
RV Loan Mistakes That You Must Avoid
Deciding which motorhome or RV to buy often is only part of the buying process at hand. Actually, more money can be lost on making the financing arrangements than almost anywhere else in the deal. If you have the money to pay cash for a motorhome, then financing isn't even an issue, but with the rising cost of new and even used RVs, motorhome loans are a necessary part of the sale for many.
There are some mistakes that are commonly made that can cost you dearly if you don't take steps to avoid them and here they are:
1. Don't focus on the monthly payment figure alone to determine if you can afford a particular motorhome model. This is often done by car buyers too, but the monthly payment is only part of the whole loan picture.
You need to take that monthly payment figure and multiply it by the number of months that the loan contract is in force. Once you have that figure, then compare the final cost of the loan contract with the cost of just buying...
RV Loan Mistakes That You Must Avoid
Financing > RV Loan Mistakes That You Must Avoid
Financing Sources and Types to Ensure Successful
Money is of extreme importance nowadays. Almost everything that we do involves money. The same is true if one wants to venture into business or buy a home which is one of the basic needs for survival. Financing or supplying of funds in business is a must to make it grow and achieve the desired expected profit (together with the right planning and managing). Common mistakes encountered by new entrepreneurs are wrong financing sources, underestimated amount needed for capital and inflexible financing types.
These problems however can be prevented by careful planning and analysis of the various factors involved in starting a business. In general, business people can choose from the two types of financing, the debt and equity financing. Equity financing is the type commonly used by small or growth stage entrepreneurs. The sources for this type involves the center of influence that trusts the entrepreneur, such as friends, relatives, family members and other people interested in investing...
Financing Sources and Types to Ensure Successful
Financing > Financing Sources and Types to Ensure Successful
Financing
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