Case Study – CRE Refinance

OPPORTUNITY: Refinance 89,300 sq ft retail property in Downtown LA, CA.

PROFESSION: CRE NET WORTH: $39MM

SOLUTION: 7/30 Fixed Rate Loan at 4.30%/5 year IO

Value: $15,900,000

Loan: $10,450,000

DSCR: 1.38x LTV: 65% DEBT YIELD: 8.84%

CLOSED

If you have a similar case, or question, please e-mail Craig Isaac at 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: Completing construction financing on new primary residence in Brentwood, request to refinance from fully amortizing option into interest only ARM.

PROFESSION: Commercial Real Estate

NET WORTH: $53MM

SOLUTION: 5/1 Interest Only Value: $9,800,000 LTV: 66.3%

MORTGAGE: $6,500,000

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