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This client was coming off of a CMBS loan in California on a property where he needed 70% LTV. He really needed a non-recourse loan because he did not want to sign a personal guarantee to protect his portfolio. There were two problems he was having with this. His liquidity and net-worth were not considered sufficient for a loan of this size. It took some convincing but we were able to secure him a 30-year Agency loan at 5.36% fixed for 10 years. Most importantly, it was non-recourse and this is exactly what he needed.

 

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If you need our help with a commercial real estate loan, have a few questions, or are ready to apply our experts are here for you. Please call us at 800-975-1691 or fill out our short form and we will get back to you within 24 hours.

Chicago

6859 W. Addison
Chicago, IL 60634
800-975-1691

Crystal Lake

8600 US Hwy 14
Suite 102
Crystal Lake, IL 60012
815-893-7151
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info@icadvisors.com

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