The Client
The beneficial owner has had a connection to Texas having studied Electrical Engineering at the University of Texas. He has a modest portfolio of investment property in which he paid historically 100% with cash because of the lack of financing options.
How We Helped
Given his affinity towards Texas and the tax breaks it offers value-added manufacturers, our client chose Dallas as his U.S. headquarters. He came to us from a referral by our former client and we were able to provide the investor a financing option. This would allow him to use leverage to purchase a larger building than he originally had the cash to purchase. The building provides a positive cash-flow and is in a market with a very positive real estate outlook.
We were able to secure a non-recourse 7-year commercial real estate loan for the purchase of the property with 65% leverage.
Loan Details
Nationality | Property Value | Loan Amount | LTV | Rate |
Singapore Listed Company | $5,150,000 | $3,347,000 | 65% | 5.5% |
Term | State | Property Type | Purpose | Loan Type |
7 year fixed loan / 25 year amortization | Texas | Commercial – Industrial | Purchase | Commercial |
Nationality | Singapore Listed Company |
Property Value | $5,150,000 |
Loan Amount | $3,347,000 |
LTV | 65% |
Rate | 5.5% |
Term | 7 year fixed loan / 25 year amortization |
State | Texas |
Property Type | SCommercial – Industrial |
Purpose | Purchase |
Loan Type | Commercial |