-Flexible pre-pay penalties including declining pre-pay, customized declining points, and longer open periods…all far more amenable than Defeasance or Yield Maintenance

-Allows properties to have some vacancy with signed leases and imminent occupancy, allowing for some stabilizing….try THAT with traditional CMBS

-FUTURE FUNDING POSSIBLE including capital expenditures, earn outs, TI/LC Rollover and short-term interest reserves….

-FLEXIBLE RATE AND TERMS….like up to 15 year fixed rates! Or a 3 year step rate with a low starting teaser rate to allow for stabilization and borrower plan!

-Lower closing costs

-Ability to refinance during the fixed period with NO penalty-try THAT with traditional

 CMBS

-No kick-out or loan restructure risk post letter of interest…..

And so much more. The lender is the buyer of the subordinate debt so the loan is not openly sold and hence, provides all of this amazing flexibility.  The rate difference is MARGINAL. It costs nothing to give us a try-why not run your deal by us? I will underwrite and have you a quote typically within 24 hours.

Karen Schimpf

(512)-358-1511

karen@applycommercialloans.com