Case Study – CRE Loan/Business HELOC

OPPORTUNITY: Purchase 6,382 sq ft creative office space in Santa Monica, CA.

PROFESSION: Jewelry/CRE NET WORTH: $100MM

SOLUTION: 5 Year Prime based variable rate Interest only loan/
5 Year Business HELOC

Value: $4,300,000

Down Payment: $500,000

Loan: $2,000,000

DSCR: 1.40x LTV: 47% DEBT YIELD: 14.99%

RLOC: $3,000,000

DSCR: 2.81x LTV: 60%

OPEN

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

Culture

Adapted from FORTUNE, 4/1/15

TIM COOK ON APPLE’S CORPORATE CULTURE
 “The culture of a company to me defines how excellent it will be, how helpful it will be, how ambitious it will be, how innovative it will be. But if there’s a self-honesty in the culture, [it also defines] how quick it is to admit the mistakes every company makes. There’s a whole set of things. Does a company have integrity or not? Does a company desire to do something more important than simply making money? Is there a reason for being, and do the employees really get the reason for being?
These things are critically important to me…”

It is a pleasure join the culture of Banc of California™.
Building California’s Bank. We are committed to building California’s bank by becoming the top full-service bank serving California’s diverse private businesses, entrepreneurs and homeowners.

Case Study – Mortgage

OPPORTUNITY: Diversifying from his commercial real estate portfolio, request through Business Owner Advisory Program to refinance primary residence.

PROFESSION: Commercial Real Estate NET WORTH: $144MM

SOLUTION: Mortgage

Value: $32,500,000

LTV: 22%

MORTGAGE: $7,000,000

OPEN

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