CHALLENGE: NNN Single Tenant Retail acquisition with a shortened escrow due to a delayed 1031 Exchange.
SOLUTION: Step-rate bridge loan with 12 months of interest only payments. Cent Banc originated, underwrote and funded the loan in 32 calendar days.

CHALLENGE: Dead project. Non-owner spec that went over budget and ran out of funds. Project was roughly 60% complete and no work had transpired in the past 120 days. Very large first TD and a smaller maxed out LOC along with numerous mechanic liens.
SOLUTION: Bridge loan, no roll over. 65% future value with no loan to cost calculations. Negotiated reduced payments with subs in exchange for releases. Title Company accepted a bond and insured the loan. Current second was replaced with larger LOC from our syndication and mandating the use of a construction fund manager.

CHALLENGE: Expat US investor living overseas with no credit history for the prior 10 years. Off shore business accounts in Cambodia and Hong Kong used as source of funds. $2.2M fixer with a $1.5M loan investment property in Beverly Hills and vested in the business entity.

SOLUTION: Strong borrower. Funds transferred to a US bank prior to escrow receipt. Fund set up automatic payments for 5 years pre-funded by borrower. 5/1 ARM at 6.5%. Full recourse.

CHALLENGE: Class A Retail Center with a majority of national credit tenants with long term leases. $21,000,000 refinance with 17 months of yield maintenance remaining on the current loan. 58% LTV with a DSCR of 1.25.
SOLUTION: Negotiated a reduced prepay, building that fee into the loan amount. The rate differential break even analysis is month seven. 10 year fixed 30 year amortized, 1.50% over the 10 year T. Bill via CMBS. Non recourse.