The Client
A Family Office based in Singapore has been actively shopping for yielding assets in the U.S. Given the recent weakness in San Francisco, the Family Office bought the building at 27% below the peak of 2019.
How We Helped
The borrower was an overseas company with no U.S. footprint and could not find any lenders willing to underwrite the loan. The lead came from a private bank that referred us to the client.
High Net Worth investors require a level of sophistication and professionalism which is why so many private banks are comfortable with us handling their clients.
We were able to secure a 5-year term with 25-year amortization with one of our lending partners that underwrote solely to the stabilized property. The borrower will now be able to generate a U.S. net worth which will open up further financing options for their next property.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| Singapore registered corporate entity | 6,200,000 | 2,790,000 | 45% | 5.875% |
| Term | Address | Property Type | Loan Type | Home use |
| 5 years | San Francisco, California | Multi-Family Building | Purchase | Commercial |
| Nationality | Singapore registered corporate entity |
| Property Value | 6,200,000 |
| Loan Amount | 2,790,000 |
| LTV | 45% |
| Rate | 5.875% |
| Term | 5 years |
| State | San Francisco, California |
| Property Type | Multi-Family Building |
| Purpose | Purchase |
| Loan Type | Commercial |
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