Tag: Liberty SBF News

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Commercial Mortgage Alert Features Liberty SBF Bridge Loans

Posted on by Courtney Finello
Non-recourse bridge loans now available to middle-market CRE investors seeking financing from $5-15M

In response to strong borrower and investor demand, we recently announced a new bridge loan product for middle-market CRE investors, a group which previously had few quick-close financing options to choose from.

Our non-recourse bridge loan product provides 2- to 3-year financing terms for multifamily and commercial properties from $5-15 million, advancing up to 80% loan-to-cost with pricing starting at L+450. The Senior financing product enables investors to close more quickly on a new acquisition than with permanent financing. To qualify for a non-recourse bridge loan, which is akin to larger collateralized loan obligation (CLO) offerings, borrowers must meet an in-place cash-flow requirement.

Read the feature in Commercial Mortgage Alert or on Globe St.

“With increasing competition for assets and a need for financing opportunities for the middle market, our new bridge loan product presents CRE investors with a remarkable opportunity to secure short-term financing and seize opportunities fast,” says Alex Cohen, CEO & Co-Founder. “There has been growing interest from our broker and borrower community in this product, as there are very few non-recourse bridge options available at this price point for loans between $5-15 million. We’re proud to make this available to borrowers and brokers and help fill a void in the market.”

In November 2021, we provided a $5.2 million first-mortgage bridge loan for the acquisition of an industrial property in Las Vegas, Nevada. The borrowers had to close the acquisition financing quickly to take advantage of a below-market price on the asset. At the time of the acquisition, the property was 45% occupied.

With a best-in-class sourcing and loan servicing platform, we’ve closed over $750 million in commercial loans in 2021 to date, providing loans to middle market and emerging institutional borrowers at competitive rates and leverage.

Through our broker incentive program, we partner with brokers to facilitate bridge loans for their clients and earn referral fees. We close deals in 45 – 60 days after receiving a signed term sheet and deposit. For a premium, we can close loans in as few as three weeks.

Learn more about our middle-market bridge loan platform by clicking below.

Learn More About Bridge Lending

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Multifamily Property Loan Closed: $1.7MM Bridge Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided a $1,700,000 in Bridge financing to acquire a multi-family property located in Greensboro, NC.

Read Liberty’s White Paper on Bridge-to-Agency Loans for Multifamily Sponsors, Mortgage Bankers, & Agency Lenders.

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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We never stopped lending! Liberty SBF closes $350 million in loans in first half of 2020.

Posted on by kunallibertysbf

Liberty SBF Holdings LLC, a small balance commercial real estate lender, is excited to announce it has closed $350 million in loans in the first half of 2020. The company, which provides SBA and conventional loans for industrial, storage, office, and healthcare properties, is now relaunching its bridge lending platform to provide short-term financing for multifamily and commercial properties from $1-$10 million.

“Liberty SBF took a disciplined credit approach during the last cycle,” said Alexander Cohen, CEO. “When COVID-19 hit in March we avoided margin calls and poor asset performance, which sidelined other lenders, and we were able to execute for our borrowers and referral sources through the first half of the year.”

The company also announced it has promoted Varan Rakhra to lead its national loan origination efforts as Director of Sales & Business Development. Mr. Rakhra’s team of lenders is eager to consider opportunities nationwide.

“Borrowers want to capitalize on historically low rates and they want to acquire properties at discounted prices,” said Mr. Rakhra. “Liberty SBF never stopped lending so we can provide capital right now.”

Liberty SBF Commercial Property Loan Funding

Liberty Small Business Financial provides up to 90 percent loan to value (LTV) financing through the SBA 504 program. SBA rates have dropped to historic lows, recently touching 2.25% for a 25-year fixed rate. For investors seeking bridge loans, Liberty SBF provides financing up to 65% LTV. Liberty is writing loans from $1 to $10 million. Hospitality properties are not currently eligible for loans through Liberty SBF.

Liberty SBF was founded in 2011 and has closed more than $1 billion in commercial real estate loans since its inception nearly 10 years ago.

Backed by some of the nation’s leading private equity firms, Liberty SBF has an innovative platform incorporating predictive intelligence and superior technology. For more information, visit LibertySBF.com.

 

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Industrial Property Loan Closed: $1.1MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $1,103,850 in total SBA 504 financing for the acquisition of an industrial property for a landscape supply company in Boring, OR. The property is comprised of three buildings totaling 11,168 SF and are situated on a 5-acre site. The property is 100% owner-occupied and will be used to store vehicles, equipment, and landscaping materials held-for-sale.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $1.6MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $1,558,800 in total SBA 504 for the acquisition of an industrial building located in Hollywood, FL for an e-commerce retailer. The guarantors consist of two companies that share space, inventory, and operating expenses. They offer brand name apparel, footwear, jewelry, home and kitchen gadgets, tactical gear, and sports and outdoor gear mostly sold on Amazon.com. The property consists of two buildings located 22 miles north of Miami.

How can we help?

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Office Property Loan Closed: $3.9MM Conventional Refinance Loan

Posted on by kunallibertysbf

Liberty SBF provided a $3,900,000 Conventional loan to refinance an office building located in Santa Clara, CA for a company that provides design services for the semiconductor industry. The property is a two-story, 17,250 SF office building. The borrower occupies the second floor and leases out the first floor.

The appraised value of the property came in at $6MM, resulting in a Liberty 1st Lien LTV of 65%. The company helps large digital clients like to develop next generation flagship product lines, including mobile devices, complex routers/switches, consumer products, storage devices, and microprocessors processors.

How can we help?

Liberty SBF offers personal service for SBA 504, Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Retail Property Loan Closed: $3.7MM SBA 504 Acquisition Loan

Posted on by kunallibertysbf

Liberty SBF provided $3,747,000 in total SBA 504 financing to acquire a retail property located in Brooklyn, NY for a kosher supermarket. The Property is a 10,000 SF, single-story retail building specifically located in a densely populated residential neighborhood in south-central Brooklyn.

The store offers a complete range of grocery products including baked goods, fresh produce, beverages, frozen foods, dairy and eggs, meat and fish, paper and cleaning, health and beauty, and housewares. The grocery store has occupied this location for more than 24 years and will continue to occupy 100% of the property.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $8.2MM SBA 504 Cash-Out Refinance Loan

Posted on by kunallibertysbf

Liberty SBF provided a $8,200,000 in total SBA 504 financing to refinance an industrial property located in Orange County, CA for a full-service contractor of corporate events and exhibits.

Read Liberty’s White Paper on Industrial Property Loans: Click Here.

The family-owned business provides show management, exhibit design, pre-event planning, onsite execution, and transportation. The property is a one-story, 109,204 SF industrial building located 24 miles southeast of Los Angeles. The borrower occupies 100% of the property.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Warehouse Property Loan Closed: $1.8MM SBA 504 Acquisition Financing

Posted on by kunallibertysbf

Liberty SBF provided a $1,849,230 SBA 504 loan to acquire a warehouse located in Commerce City, CO for a marine body repair and detailing shop. The borrowers’ previous location was sold, and they needed to relocate.

The subject property is nearly identical to their previous location. The 11,940 SF industrial building will also allow the borrowers to grow their business. The Property is located five miles northeast of Denver’s Central Business District in a large industrial submarket. The borrower will occupy 100% of the property. This SBA 504 loan represents nearly 90% LTV financing for the acquisition.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $1.3MM Conventional Acquisition Financing

Posted on by kunallibertysbf

Liberty SBF provided a $1,330,000 Conventional loan to acquire a warehouse located in South San Francisco, CA for a wholesaler of souvenir/gift products. The property is a 4,800 SF industrial condominium unit that the borrower will 100% occupy. The Appraiser concluded an as-is value of $1.9MM, resulting in a Liberty 1st Lien LTV of 70%.

The company sells greeting cards, postcards, fashion bags, stationery, bookmarks, journals, and other gift products and customized items to regional and national retail stores and online direct to consumers. The company had outgrown its previous space and moved to the subject property in order to accommodate its current and anticipated growth.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional & Bridge loans for owner-user properties across the US. We’d love to help you.

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Industrial Property Loan Closed: $4.2MM Conventional Refinance

Posted on by kunallibertysbf

Liberty SBF provided a $4,160,000 Conventional loan for the refinance of an industrial property located in Brooklyn, NY for an online retailer of bicycle products, parts, and accessories.

The borrower operates their business out of a warehouse and office located on the first floor of the 9,704 SF two-story building. A tenant runs a dance studio on the second floor. The company has 59% occupancy of the total square footage of the property to run its business., primarily selling its inventory on Amazon where it has extensive experience operating on the platform and using Amazon’s fulfillment services.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Get Your Deal Quoted

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Medical Office Property Loan Closed: $1.8MM SBA 504 Acquisition Financing

Posted on by kunallibertysbf

Liberty SBF provided a $1,816,200 SBA 504 loan for the acquisition of a medical office located in Avon, OH for a provider of early intervention Applied Behavioral Analysis (ABA) therapy and related services to individuals with autism.

The property is a one-story medical office condo located in Avon Pointe, a 20-acre professional campus featuring regional medical office and traditional national office tenants. The company will occupy 100% of the property for its business.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Get Your Deal Quoted

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Office Property Loan Closed: $2.1MM SBA 504 Acquisition

Posted on by kunallibertysbf

Liberty SBF provided a $2,070,000 SBA 504 loan to acquire and renovate an office building located in Portland, OR. The property is a two-story commercial building that had been built out for a night club and three apartment units.

The Borrower will perform a $1.3MM renovation to convert the building into office space. Upon completion, the Property will contain 5,114 SF of net rentable area consisting of private offices, meeting space, and common office areas. The company will occupy 100% of the property for its consulting and training business.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Get Your Deal Quoted

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Mixed-Use Property Loan Closed: $590,000 Conventional Acquisition

Posted on by kunallibertysbf

Liberty SBF provided a $589,856 Conventional loan for the acquisition of a mixed-use property located in Brooklyn, NY. The appraised value of the property resulted in a Liberty 1st lien LTV of 51.7%. The Property is a 2,470 SF, two-story industrial/office property in Brooklyn. The first floor of the Property is industrial space and the second floor is office space. The Property is zoned and functional for warehousing, manufacturing, retail, and office uses.

The borrower will fully occupy the property. The company manages its client’s construction process from beginning to end, ensuring both quality and compliance.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Get Your Deal Quoted

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Industrial/Flex Property Loan Closed: $1,300,000 SBA 504 Acquisition

Posted on by kunallibertysbf

Liberty SBF provided a $720,000 first mortgage and a $576,000 interim second mortgage for a total of $1,296,000 in SBA 504 financing for the acquisition of a 3,235 SF office and industrial building in Brooklyn, NY. The building consists of 1,985 SF of industrial space and 513 SF of office space.

The company provides electrical services to buildings under construction. Services include wiring installation, electrical breaker box installation, fixture installation, and utility hook-ups, among others. The majority of its projects are residential properties.

Liberty SBF also provided the borrower with additional SBA 504 financing for the purchase of a second property. Click here to read the details of that deal.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Get Your Deal Quoted