The sponsor built this 42′ clear warehouse deal on a spec basis on one of the best sites near the airport in Atlanta. Before completing the site improvements, they landed two long term leases from quality tenants which would occupy 100% of the property. TermSt. worked with the sponsor to obtain a forward rate lock with one of our life insurance lender relationships. The rate was locked nine months prior to the sponsor obtaining the certificate of occupancy and the loan was closed three days after CofO was received.

The sponsor acquired this hospitality asset and immediately looked to sell the ground to a family office at a cap rate substantially below the cap rate on the overall acquisition. TermSt. worked with its network of CMBS lenders to obtain financing for the leasehold interest in the property. While some lenders were uncomfortable with the structure there were enough lenders comfortable with the transaction to clear the market and get to a competitive rate with ample leverage to close on the transaction. The sponsor commented that TermSt.’s communication platform was instrumental in managing the heavy amount of back and forth with all of the lenders on such a complicated deal.

The sponsor acquired this hospitality asset and immediately looked to sell the ground to a family office at a cap rate substantially below the cap rate on the overall acquisition. TermSt. worked with its network of CMBS lenders to obtain financing for the leasehold interest in the property. While some lenders were uncomfortable with the structure there were enough lenders comfortable with the transaction to clear the market and get to a competitive rate with ample leverage to close on the transaction. The sponsor commented that TermSt.’s communication platform was instrumental in managing the heavy amount of back and forth with all of the lenders on such a complicated deal.

TermSt. closed this parking asset with a CMBS lender. The sponsor came to us looking for 75% of the purchase price on this acquisition. We obtained commitment and locked the rate prior to the sponsor “going-hard” on the acquisition and closed several days later. Efficient, affordable, and closed. That’s how we like our deals!

This flex industrial deal went through some unexpected vacancy when a retail tenant leasing office and warehouse space in the subject filed for BK and rejected the lease, leaving the property 20% occupied. The borrower had a bank loan, but the bank requested the loan be repaid prior to closing on a new construction loan for the sponsor on an unrelated property. The sponsor came to TermSt. looking for a solution. The property was well located and a quick lease-up could be expected, but the property had negative in-place cash flow. TermSt. worked with its network of non-recourse bridge lenders to find a competitive solution with accruing interest until the property was able to pay debt service. The sponsor closed on the loan and then closed on the construction loan the next day. That’s the power of TermSt.!

The sponsor acquired a large block of units in the subject property in 2010 from a bank and has slowly been acquiring the remainder of the units in the project. In the last year the sponsor was able to obtain control of the HOA board after acquiring enough units to control 75% of the voting rights at the property. She came to us looking for permanent financing and taking out all of her cash equity in the project. Both agency and CMBS lenders competed for the financing opportunity.