$3.76mm Refinance, 52 Townhome rentals
80% Cash-out, 35yr. fixed-rate, No Balloons
Non-recourse.
$18mm Construction Assisted Living
70% Completed Value
First Sponsor Project of this size & scope.
$4.860mm Refinance of 56 rentals
80% Cash-out, 35yr. fixed-rate, No Balloons
Non-Recourse.
Client Advisory Service Requested
$700,000 cash-out request
A very Rural 24-unit Apartment Location Advisory Services was requested after the client's attempts for refinancing with numerous lenders had failed.
La Quinta reviewed and corrected 24 months of errors within Operating statements, Cap-X statements, Rent rolls, and Occupancy reports.
Once corrected La Quinta negotiated with the client's current lender resulting in a 4% interest rate reduction for the next 10 years, and a significant cash-out to our client.
$74.784mm Acquisition + Rehab of 600 Units
Senior Debt 70% & Pref Equity 15%.
$24mm Modular Construction + a 40-yr. Fixed-rate as One Non-Recourse Loan of 85% LTC.
$550,000 Refinance + Rehab
5 Unit Apartment, Foreign National Borrower.
$10.400mm Refinance of 26 townhomes
35yr. Fixed-Rate, No balloon periods as
Non-recourse
$1,095,000 Luxury Bed & Breakfast
Refinance Cash-out, 30yr. Fixed-rate
Foreign National Borrower
$2,016,000 Acquisition with Rehab
Special Use property, $1mm-renovation
37% Occupied, Rural location
$1.950mm Mixed Use, 80% Cash-out Refinance
35yr. fixed rate with no balloon periods
Non-recourse
$4.675mm Refinance Cash-out of
146 Units located over 3 properties, as one closing. 10 yr. a fixed rate & 25yr. amortization
$1.080mm 53 Unit Acquisition
5yr. fixed-rate 30 yr. amortization
Non-experienced apartment buyer/owner.
Non-Flagged Boutique Hotel
$1mm debt-upgrade Refinance
Foreign National Borrower
$500,000 Spec Condo Construction
Owner/Builder had not built in 8 yrs.
$1.2mm Refinance of 25 Units
7/1 Arm, 30 Yr. Amortization.
$967,500 Refinance Cash-out Bridge
9 Unit Multifamily 10 yr. fixed-rate.
30 yr. amortization
$12.117mm, 85% LTC
Single-family Rentals on the same parcel
Ground-up Construction + a 40 yr. fixed-rate!
As One-Non-recourse loan
$24mm Development and Construction
of 132-units
Leveraged Loan-to-Cost
Zero Cash to Close
A first-time developer without a previous history for a project of this size and scope.
A combination of land equity and prepaid soft costs secured the ground-up construction.
La Quinta arranged long-term term construction financing to a non-recourse, 35-year fixed-rate, 80% cash-out to meet the client's goals.
La Quinta provided a significant role in cost savings, experience, and funding arrangements.
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