Helping a Multifamily Owner Avoid Default

 

 

The Opportunity

 

Our Client, an experienced multifamily investor whose bank recently pulled out of the market, needed to refinance a loan quickly or face default. Without adequate time to fully underwrite a traditional loan, banks were not an option, and the Sponsor turned to Axcel for execution.

 

Axcel's Solution

 

Recognizing the financial strength of the asset, and relying on the Sponsor's significant management experience, Axcel quickly underwrote and positioned the financing for a bridge loan. We then sourced qualified lending sources and negotiated the best structure and terms. With a one-year bridge loan the Sponsor was able to repay the maturing loan and avoid default. With some breathing room to adequately underwrite a new loan, we are able to assist the Sponsor with sourcing permanent capital. 

 

How Can We Help You?

 

We are experts at recognizing value, structuring, and placing all types of commercial real estate financing. From Bridge and Equity, to Agency and CMBS, we have options for Multifamily, NNN Lease, Hospitality, Medical, Land and other asset types as well as Owner-Occupied real estate nationwide. Let our experience guide you to the ideal financing for your next development project or refinancing opportunity. 

For your development, acquisition or refinancing needs, please contact: 

 

Patrick Curtin

Vice President

Axcel Capital Group

Direct (610) 716-7557

pc@axcelcap.com

 

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