Real Estate Journal — Financial Digest — October 12 - 25, 2018 — 7A
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ACKENSACK, NJ — Commercial real es tat e bor rower s Hackensack NJ private lender closes 1st two loans in NYC under new loan program Silver Arch Capital Partners launches new 6 ¾% lower rate financing program H and speed borrowers could not obtain otherwise.”
Rates start at 6 ¾% plus 1 ½ points. Lending opportunities are limited to income-producing properties based in the United States. Silver Arch Capital Partners has closed the first two loans under the new program. The first closed loan was se- cured by a tenant-occupied con- dominium located on W. 22nd St. in Manhattan. The 21-story building in the Gramercy Park neighborhood boasts a full- time doorman and concierge, a state-of-the-art fitness center, cold storage, a playroom, plus a furnished rooftop deck and
lounge with an outdoor kitchen. The second closed loan was secured by a 8,600 s/f com- mercial property located on Southern Blvd. in the Bronx’s Longwood neighborhood. The four-story building is home to a cell phone company, which occupies a ground floor store- front. The owner is currently actively leasing the three floors of office space plus the remain- ing ground floor space. Upon completion, the property value will be $3.5 million. “Access to capital can be vital to a property’s continued operations, even when the prop-
erty is generating revenue,” Wolfer said. “That makes our new lending program ideal for apartment buildings, of- fices, retail locations, and other revenue-generating properties that need capital quickly, and at good rates.” According to Wolfer, timing is of the essence for many prop- erty owners, with conventional banks simply taking too long to greenlight the necessary funds. “Borrowers come to us be- cause they know that we can quickly meet their needs,” Wolf- er said. “As a private lender, we are afforded the flexibility
With decades of experience and more than $2 billion in closed loans, the principals of Silver Arch Capital Partners are known for their innovative approach to lending, closing loans for borrowers who may be turned away by a tradi- tional lender due to property type or issues with credit. In addition to their new special rate program, Silver Arch man- ages loan programs for multiple commercial property types, multifamily properties, and raw land.
searching for a fast injec- tion of capital at affordable rates can now take advan- tage of Silver Arch Capi- tal Partners’ new special loan program for income-pro- ducing properties. “Many borrowers are apply- ing for loans in a tight lending environment, so we set out to create a loan program with fa- vorable rates and terms which complements our other pro- grams,” said Jeffrey Wolfer, president and CEO of Silver Arch Capital Partners. “As a nationwide private lender, we step up when banks and other conventional lenders may not be willing or able, by creating a program to address the unique needs of this sector of the com- mercial real estate market. “If a property owner is looking to stabilize a property or help expedite lease-up, a loan from Silver Arch Capital can help.” According to Wolfer, the new lending program offers funding from $1 million to $12 million. Jeffrey Wolfer Investment Real Estate, LLC Hires Nicolson as Senior Financial Analyst YORK, PA —Locally owned and operated Investment Real Estate, LLC (IRE) an- nounced the hiring of John Nicolson as senior financial analyst. Nicolson is responsible for assisting the brokerage team by providing financial analy- ses and valuations on self stor- age properties; preparation of market/feasibility analysis; supporting the development of proposals and offering memo- randums; and the creation and maintenance of financial mod- els. He also conducts detailed underwriting of transactions for investors, owners, and lenders. This includes develop- ment planning, determination of growth projections, seven- year proforma forecasting, expense modeling, and return calculations. “The addition of John Nicol- son to our growing brokerage team is an exciting hire for our company,” said Kevin Bledsoe.
Sourcing the Best Financing for Your Real Estate Investments
Student Housing Philadelphia, PA $20M+ Refinance
Light Industrial/Office Delaware County, PA $2.89M Acquisition Funding
Mixed-Use Philadelphia, PA $3M+ Acquisition Funding
Commercial Building Montgomery County, PA $7.5M+ Refinance
Office Building Chester County, PA $54M+ Acquisition Funding
Development Site Philadelphia, PA $8.3M Construction Loan
RCA Places Financing for the Full Range of Commercial Real Estate Assets: Multi-Family, Retail, Office, Industrial, Healthcare, Hospitality, Development $1,000,000 to $100,000,000+
George Johnson President & CEO george@rittenhousecapital.com
Joe Hanuscin Sr. Client Manager joe@rittenhousecapital.com
Andrew Beauchemin Business Development andrew@rittenhousecapital.com
James Grande Business Development james@rittenhousecapital.com
For information visit www.RittenhouseCapital.com or call (215) 454-2852
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