Robert T. Gibney & Associates
Commercial Real Estate Finance

NEWSLETTER

11/1/07

WHAT’S NEW

 

New Lenders – Expanded Financing Capabilities

We have established correspondent relationships with several national lenders to increase the financing options available to our clients.  These lenders were selected based on their reputation for reliability, underwriting flexibility, and competitive pricing.

- 5 to 10-Year Fixed Rate Loans

- Loans $500,000 to $15,000,000

- Efficient and coordinated process through loan application, underwriting, closing

- Backed by international bank with assets of $1.5 trillion

- Low Loan/Third Party Costs

 

Commercial Real Estate Underwriting Timeline

I developed the commercial real estate underwriting timeline for use in commercial real estate classes.  This timeline may be useful to you in a variety of ways: 

- Structure the escrow/closing critical dates for new purchase contracts

- Coordinate the marketing and due diligence activities in order to prepare for potential new loan underwriting

- Improve the due diligence process by identifying material information and important documents in the early stages of the property marketing phase 

- Manage the process and improve your effectiveness

- Explaining the process of marketing and selling a property to your clients

 

LINK TO COMMERCIAL REAL ESTATE UNDERWRITING TIMELINE:

http://www.azcommercial.biz/pdf/forms/Commercial_RE_Underwriting_Timeline.pdf

 

 

CURRENT INTEREST RATES…New Rate Reductions!!

Refer to website for complete rate sheet and other market information: www.azcommercial.biz

 

MULTI-FAMILY

3 YR FIXED

5.59%

7 YR FIXED

6.21%

5 YR FIXED

6.02%

10 YR FIXED

6.47%

COMMERCIAL

Non-Recourse with Carve-Outs*

5 YR FIXED

6.25%

7-Year Fixed

6.45%

$500,000 and up

Flexible Prepayment Options

25-30 year amortization

1% Origination Fee

Max LTV 75%

 

Low Up-Front Cost

 

*Lender may require full or limited personal recourse based on LTV or other factors

FIXED-RATE CONDUIT LOANS

Call for spread over 10-yr T bill

25 -30YR AMORT-10 YR TERM

REDUCED 3RD PARTY COSTS

Non-Recourse with carve-outs

 

Robert T. Gibney & Associates

4300 N. Miller Road, Suite 212

Scottsdale, Arizona   85251

Phone (480) 429-3642                                 Mobile (602) 315-5671                          Fax (480) 422-7377

Email rgibney@AzCommercial.Biz

www.AzCommercial.Biz

Mortgage Broker Lic. MB0904411