Archive

Archive for the ‘Investment Property’ Category

Case Study – CRE Construction Loan (Long Beach)

OPPORTUNITY: Request for a commercial construction loan to renovate 80 units in 4 Class C apartment buildings in Long Beach.

BORROWER: Encore Developer

PROFESSION: Commercial Construction Development

SPONSOR/GUARANTOR: High Net Worth

SOLUTION: CRE Multi-Family Construction Loan

LOAN AMOUNT: $7,300,000

VALUE: $12,410,000 (‘stabilized’) LTC: 73% LTV: 59%

DSCR: 1.20x

If you have a similar case, or question, please e-mail Craig Isaac on craig.isaac@bancofcal.com

“It is your attitude, not your aptitude, that determines your altitude.” — Zig Ziglar”
– Zig Ziglar

Case Study – Commercial Real Estate Purchase

helocOPPORTUNITY: Purchase and development of a 13,901 sq ft Walmart shadowed anchored retail space in AZ.

PROFESSION: CRE  NET WORTH: $39MM

SOLUTION: Libor based variable rate 3/25 loan with an Interest Rate Swap

Value: $3,550,000

Loan: $2,485,000

DSCR: 1.62 (1.41) LTV: 70% DEBT YIELD: 10.4% (9.1%)

OPPORTUNITY (upon purchase): Construction financing for pad

Loan: $900,000

SOLUTION: Construction Loan

OPEN

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

Consult with me on Maven

Case Study – HELOC on cross collateral of Primary Residence and Vacant Land (Encino)

helocOPPORTUNITY: Request for refinance of existing HELOC

PROFESSION: Medical NET WORTH: High

SOLUTION: FACING A LOW APPRAISED VALUE ON PRIMARY RESIDENCE, TAPPED NEIGHBORING LAND PURCHASED ALL CASH AS CROSS COLLATERAL.

Value: $1,868,800

Mortgage: $1,504,000

Value: $700,000

Mortgage: $0

LINE OF CREDIT: $420,000

CASE CLOSED JUNE, 2012