We proudly present the following exclusively financed ... · 9805 East Bell Road, Suite 110,...
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9805 East Bell Road, Suite 110, Scottsdale, Arizona 85260-2334 Web: www.integrity-capital.com Email: [email protected] Reception: 480-219-1640 We proudly present the following exclusively financed transaction! SOUTH PARK REFINANCE 3920 S. PADRE ISLAND DRIVE CORPUS CHRISTI, TX 78411 PROPERTY HIGHLIGHTS Property was at a low leverage Building was located in a prime location in the heart of Texas DEAL CHALLENGES FINANCING STRATEGY Significant Roll Over Risk Teritiary Market Borrower was not up to speed on the CAM Expenses We were able to get the lender comfortable with the basis and DSCR Were able to show that Corpus Christi was an up and coming city with great traffic We were able to assist in getting his CAM books up to speed FINANCING SUMMARY ADDED VALUE TO THE CLIENT Appraised Value 6,075,000 Client was able to waive impounds by signing recourse Took away the burden of loan preparation Negotiated valuable terms that fit their immediate and future needs Loan Amount 3,900,000 Loan to Value 64% Amortization 300 mos. Term 120 mos.- Fixed for 10 Prepayment Penalty Yield Maintenance Interest Rate 6.75% Indices 10 yr Treasury
Transcript of We proudly present the following exclusively financed ... · 9805 East Bell Road, Suite 110,...
9805 East Bell Road, Suite 110, Scottsdale, Arizona 85260-2334 Web: www.integrity-capital.com Email: [email protected] Reception: 480-219-1640
We proudly present the following exclusively financed transaction!
SOUTH PARK REFINANCE 3920 S. PADRE ISLAND DRIVE
CORPUS CHRISTI, TX 78411
PROPERTY HIGHLIGHTS
Ø Property was at a low leverage Ø Building was located in a prime location in
the heart of Texas
DEAL CHALLENGES FINANCING STRATEGY
Ø Significant Roll Over Risk Ø Teritiary Market Ø Borrower was not up to speed on the CAM Expenses
Ø We were able to get the lender comfortable with the basis and DSCR
Ø Were able to show that Corpus Christi was an up and coming city with great traffic
Ø We were able to assist in getting his CAM books up to speed
FINANCING SUMMARY ADDED VALUE TO THE CLIENT
Appraised Value 6,075,000 Ø Client was able to waive impounds by signing recourse Ø Took away the burden of loan preparation Ø Negotiated valuable terms that fit their immediate and
future needs Loan Amount 3,900,000
Loan to Value 64%
Amortization 300 mos.
Term 120 mos.- Fixed for 10
Prepayment Penalty Yield Maintenance
Interest Rate 6.75%
Indices 10 yr Treasury
