Posts Tagged ‘Apartments’

New Options for Multi-Family (Apartment Building) Loans – MasterPlan Capital’s Mid-Sized Multi-Family Loan

January 23, 2013

“Sweet Spot” Mid-Sized Multi-Family lending (Apartment Buildings with 6 or more units) program:

Loan Balance: $5mm-$10mm

Click our Logo to Apply

Click our Logo to Apply

LTV:                      to 75%

Rate:                      3.75%-5.75%*

Area:                      Eastern US

Time to Close:     45 Days (+/-)

*Rates as-of Jan ’13. Rates can change without notice due to market and other factors. Fully underwritten, full recourse lending. Prepayment (step-down) fees may apply. Points of between 0-1.5 may apply. Deposit may be required upon formal loan application.
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April is Apartment Lending Month at MasterPlan Capital, Multi-Family Mortgage Loans Starting at 3.5% to 80% LTV

March 31, 2012

MasterPlan’s Mid Market Apartment Program: Multi-Family (Apartment) Commercial Mortgage Loans from MasterPlan Capital

Loan Size: $5mm-$25mm

LTV: 60%-80% (Max)

DSCR: 1.2X

Rate: 3.5%-5.5%

Term: 3, 5, 7, 10 or 15

Amortization: 15, 20, or 25

Points: 0-2

Close: 50-75 Days

Underwriting: Full

Apply online at www.masterplancapital.com/masterplanapplication.html ,  call 1-800-727-5140 or email info@masterplancapital.com

MasterPlan Capital Sharpens Focus in 2012; CTL Lending, Bridge Loans and Mortgages on Income Producing Commercial Property to be Emphasized

January 19, 2012

January 3, 2012
Greenwich CT

FOR IMMEDIATE RELEASE:

MasterPlan Capital Sharpens Focus in 2012

Commercial real estate investment banking firm, MasterPlan Capital, has disclosed its 2012 business strategy. In a written statement to clients, employees and investors the firm noted that it will concentrate its efforts on credit tenant lease finance, private bridge lending and commercial mortgage lending against income producing commercial real estate. MasterPlan will deemphasize it’s participation in joint ventures and other forms of equity finance and will not consider land or development loans except for triple net leased projects or for existing clients of the firm.

Regarding credit tenant lease (CTL) loans for triple net leased (NNN), single tenant assets the statement read, in part:

“CTL finance has been one of the healthiest sectors of commercial real estate finance and promises to remain to be strong well into the future. Net lease investors have realized that locking in today’s low rates for the long term is a smart business move. CTL offers them a fixed rate, fully amortized, non-recourse commercial mortgage with terms (coterminous with the lease) to 30 years. MasterPlan Capital can provide these income investors with the absolute lowest rates in the industry and can offer them a very high degree of certainty of execution. In-short, no CTL banker is more competitive in pricing or dependable in closing deals.”

Click Here / Apply for A CTL Loan or call 800-727-5140 x 101

The firm also commented on private bridge lending:

“As the economy slowly improves more competitors are entering the short-term, bridge loan space. We intend to compete aggressively for the best deals without subjecting our investors to undue risk. That-is-to-say, in certain instances we might lower our lending rates but won’t increase our loan-to-value (LTV) ratios, won’t offer non-recourse bridge loans and won’t do deals for the sake of doing deals.”

The statement noted that the firm intends to continue originating commercial mortgage loans against income producing commercial real estate:

“Income producing commercial real estate mortgage loans such-as loans against multi-family assets, leased up office properties and light industrial buildings will continue to be a bread-and-butter, activity for the firm.”

The firm went on to explain why it is moving away from joint ventures, equity finance and land and development loans:

“Other forms of structured finance such as joint ventures and equity finance offer the potential for high returns to our company but are very taxing on the time and workload of our people and our third party service providers. We have determined that our valuable time is better spent on our core businesses. As-for lending against land and for construction and development, we will continue making these types of loans against unimproved real estate that is net leased to a single investment grade tenant and for existing clients of our firm but otherwise will no longer be accepting applications for land loans.”

About MasterPlan Capital LLC:

MasterPlan Capital is dynamic, privately held commercial real estate investment banking firm offering credit tenant lease (CTL) loans, commercial mortgage loans and asset management services to commercial real estate investors and owners in the lower 48 states. Clients and prospective borrowers can apply for financing at the firms web site (http://www.masterplancapital.com)  or by calling 1-800-727-5140.

More Liquidity for Multi-Family; Freddie Mac Adds Adjustable Rate Mortgages (ARM)

June 7, 2011

Freddie Mac recently announced that adjustable rate mortgage (ARM) loans are now eligible for securitization into Freddie Mac Multi Family Mortgage Backed Securities (K Certificates).

ARMs will now be purchased by Freddie through its CME multi family mortgage loan execution path. The loans will be bought from approved lenders in Freddie’s network, pooled with other eligible loans, securitized by Wall Street investment bankers and sold to the public.

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MasterPlan Capital LLC; Commercial and Multi-Family Mortgage Loans, Equity Financing & Asset Management.  View our commercial real estate finance services, see how we do business or apply for a commercial mortgage loan. Our simple (1 page) commercial mortgage request form takes only a moment to complete and you will receive prompt, professional service.                                        

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Liquidity is, of-course, welcome as we continue to work out of our credit malaise, but as we have said before, it is somewhat disconcerting that such a large percentage of all multi family lending must come from the Government.

Click Here to Learn More about Freddie Mac Multi Family ARM Loans.

Commercial Mortgage Loans – 5 Things Every Lender Will Check

December 4, 2010

Lending has Changed in the Commercial Sector

In response to the liquidity crisis in the credit markets commercial mortgage lenders and brokers are taking a “back-to-the-basics” approach to underwriting loans. Lending standards have been tightened and all deals are being thoroughly checked out.

Commercial real estate investors, property owners and developers should understand what banks and private lending firms look at as they decide which loans to fund and which loans to decline. –Read the rest here–

Commercial Mortgage Loans – Credit Tenant Lease (CTL) Finance, Apply Online – Quick Response – MasterPlan Capital LLC

6 Top Rent Boosting Tips For Your Property

December 4, 2010

Managers can easily fall into the trap that the rent is the rent and miss great opportunities to drive additional revenue from a property.

Let’s take a few minutes and brainstorm the possibilities.

With imagination and focus, the possibilities could be endless. –READ ALL 6 TIPS AT THE AAOA BLOG–

Commercial Mortgage Loans, Credit Tenant Lease (CTL) Financing, Equity Financing, Online.  Simple, 1 Page Commercial Mortgage Application. Quick Answers. Professional Service–MasterPlan Capital LLC

This Commercial Mortgage Lender has Money to Lend!

January 25, 2010

This Commercial Mortgage Lender has Money to Lend!
We can make private (hard money) as-well-as institutional loans against income producing commercial real estate. We also have liquidity for credit tenant lease loans against NNN leased, single tenant retail and light industrial buildings. Click our logo and get in touch.

Click Our Logo To Visit Our Website

Click Our Logo To Visit Our Website

AAOA Warns Apartment Owners to Avoid Common Mistakes

January 22, 2010

Multi-family (apartment) owners; protect your investment! Avoid these 10 common mistakes that landlords make.   (Thanks to the AAOA for the tips)

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Commercial Mortgage Lender; MasterPlan Capital LLC

Commercial Mortgage Lenders – Government Agencies Dominate Multi-Family (Apartment) Mortgage Sector

October 23, 2009

There is not much liquidity for commercial mortgages in the retail, office or hospitality sectors of the commercial real estate industry, but there’s plenty of capital available for multi-family (apartment) buildings. The good news is that the Government is lending massive amounts of money against apartment properties; the bad news is that no one else is.

Virtually all the institutional loans being made today to purchase, refinance or build apartments are being funded or otherwise supported by Fannie Mae, Freddie Mac, The Federal Housing Administration (FHA) or The Department of Housing and Urban Development (HUD).

Click Our Logo To Visit Our Website

Click Our Logo To Visit Our Website

For almost 2 years now, these Government Agencies have been the primary lenders to the rental housing industry. They stepped in to counteract the liquidity crisis that was caused by the collapse in the commercial mortgage backed securities markets (CMBS) and, almost by default, have become the only game in town. Even the banks who claim to be lending right now are, in reality, just originating loans and selling them to Fannie or Freddie.

As the economy improves traditional multi-family lenders, such-as insurance companies, smaller regional banks and Wall Street investment houses, would like to re-enter the market place with their own commercial mortgage offerings.  Unfortunately for them, they are finding that they can’t compete with Uncle Sam who, of course, can simply print the money that it uses to lend.

Fannie and Freddie could maintain their dominance in multi-family finance indefinitely, but they won’t. They are lending at such levels because no one else can. As the economy improves and real, traditional banking becomes profitable once again, Government Agencies will retreat and allow the markets to provide the necessary capital. When that happens rates will be higher but the increased competition will mean more people will be able to qualify for loans.

Those lucky enough to meet the requirements of a Government Agency loan ought to apply now. When the time comes to lure lenders back into the market the Government will make itself less attractive by further tightening their underwriting criteria and lowering their loan-to-value ratios.

To secure the most favorable rates, terms and conditions that Government sponsored lending has to offer, a borrower must have decent credit (640 or better FICO) and a sound balance sheet that includes some liquidity (cash in the bank). Fannie and Freddie will lend up to 80% LTV but most loans that they are accepting now are in the 70%-75% LTV range. The property must be able to pay its own mortgage with a debt-service-coverage ratio (DSCR) of 1.2% or better and the building has to be stabilized (history of profitability). It goes without saying that the property must also be in good condition with little deferred maintenance necessary. The Government is sponsoring loans in all 50 states in-order to benefit the rental markets nationwide.

Loans typically come with 3, 5, 7 or 10 year terms and are amortized over 25 years. Currently rates are at historic lows due to the weak economy.

Apartment owners can get Agency backed loans through their local banks, larger national banks and through many other commercial mortgage lenders who enjoy direct and indirect relationships with Fannie, Freddie, FHA and HUD.  You can’t apply directly to the Government.

Property owners who don’t qualify for agency loans will have to pay more to a private lender or work to meet Government requirements.

It’s good to know that there is liquidity for multi-family investing, but it is disconcerting to realize that the only willing and able lender is the US Government. As things improve this should change.

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Commercial Mortgage Lender; MasterPlan Capital LLC – EZ Online Application – Fast Response

Q&A With UCLA Economist, Christopher Thorberg; The Man Who Predicted The Housing Bubble Answers Questions About Economy

March 13, 2009

multifamilyexecutive.com has published an interview with Christopher Thornberg, one of the few economist to warn of the empending housing bubble. The article, by Jerry Ascierto, is originally from Apartment Finance Today. Mr. Thornberg claims that most are overly pessimistic right now. Check it out, its a short read worth your time.

MasterPlan Capital LLC offers private and institutionally funded commercial mortgae loans from $1MM+ for the purchase or refinance of all types of commercial real estate. Click here to apply now.