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The latest investment & commercial real estate news specially curated by Partners Capital

February 2, 2017

Partners Capital Funds $8M Cash-out Refinance on a 30,000SF Industrial Building in Downtown San Francisco

By: Marissa Wilbur

San Francisco $8M Refi

LOS ANGELES, CA – January 2017
We are pleased to announce that Partners Capital has funded an $8M cash-out refinance on a 30,000SF Industrial Building in Downtown San Francisco.

The sponsor is under contract to sell the building to a buyer who plans to redevelop the site. The buyer won’t close without permits and approvals in hand, therefore the sponsor required a short-term bridge loan to bridge the gap between now and the buyer’s expected closing.

Partners’ Capital structured the deal to help with the immediate operational and liquidity requirements of the sponsor while bridging the time until the buyer of the property closes on the transaction. The loan included an interest reserve to assist with the cash flow shortfall.

Why Partners Capital? The borrower and its broker chose Partners Capital due to their requirement for a lender with a non-bureaucratic approval process, interest reserve, quick close and minimal 3rd party report requirement.

Loan Details: $8M loan, 9.95% fixed interest, 18-month term plus extensions

Please contact Mark for all new loan submittals. Mark can be reached at 424.270.0167 or reese@partcap.com.

About Partners Capital Finance, Inc.

Partners Capital, Inc. is a California-based direct lender that finances short-term private money bridge loans secured by commercial real estate located in the Western US. Our platform offers quick, reliable & flexible lending solutions to help real estate sponsors meet their investment objectives. Our firm focuses on financing transactions in the $2-$10MM range and provides financing for recapitalization or acquisition of opportunistic and value-add real estate. Since 2002, the company and its principals have been responsible for funding over $1.5 billion of debt and equity.

Contact: (310) 447-8899     www.partcap.com     finance@partcap.com

December 22, 2016

Partners Capital recent November 2016 transactions

By: Marissa Wilbur

 

november-transactions-murrieta-koreatown

About Partners Capital Finance, Inc.

Partners Capital, Inc. is a California-based direct lender that finances short-term private money bridge loans secured by commercial real estate located in the Western US. Our platform offers quick, reliable & flexible lending solutions to help real estate sponsors meet their investment objectives. Our firm focuses on financing transactions in the $2-$10MM range and provides financing for recapitalization or acquisition of opportunistic and value-add real estate. Since 2002, the company and its principals have been responsible for funding over $1.5 billion of debt and equity.

Contact: (310) 447-8899     www.partcap.com     finance@partcap.com

December 7, 2016

Partners Capital Welcomes Mark Reese

By: Marissa Wilbur

mark-reese-headshot

LOS ANGELES, CA – December 2016

We are pleased to announce that Partners Capital has hired Mark Reese to lead loan originations and underwriting for the company’s existing privately capitalized commercial real estate lending platform.

Mark joins Partners Capital, Inc. with extensive experience serving prominent roles at two early stage, privately capitalized, commercial real estate lenders: most recently at Buchanan Street Partners in Newport Beach and previously with Bolour Associates in Beverly Hills.  His prior experience also includes both originations and underwriting at Prudential Mortgage Capital Company in Chicago and acquisitions analysis with Parmenter Realty Partners in Miami, Florida. Mark graduated from The University of Texas at Austin – McCombs School of Business with a MBA in Finance and the Pennsylvania State University with a BS in Real Estate. 

Please contact Mark for all new loan submittals. Mark can be reached at 310-447-8899 x 210 or markr@archwayfund.com.

About Partners Capital Finance, Inc.

Partners Capital, Inc. is a California-based direct lender that finances short-term private money bridge loans secured by commercial real estate located in the Western US. Our platform offers quick, reliable & flexible lending solutions to help real estate sponsors meet their investment objectives. Our firm focuses on financing transactions in the $2-$10MM range and provides financing for recapitalization or acquisition of opportunistic and value-add real estate. Since 2002, the company and its principals have been responsible for funding over $1.5 billion of debt and equity.

Contact: (310) 447-8899     www.partcap.com     finance@partcap.com

October 18, 2016

Partner’s Capital funds luxury 3,838 sf, four-bedroom, single-family residence in Topanga, CA

By: Marissa Wilbur

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LOS ANGELES, CA – September 2016

Partner’s Capital Finance, Inc. has funded a $1,650,000 fixed-rate commercial mortgage for the refinance of this 3,838 sf, four-bedroom, single-family residence in Topanga, CA (San Fernando Valley). The borrower purchased the property in November of 2015, and was seeking a medium-term loan to refinance several short-term purchase-money loans, and pull out additional capital to complete a significant renovation of the property.

The borrower has signed a lease for the subject property with a Los Angeles-based operator of senior retirement homes offering both furnished private or semi-private rooms with 24-hour care. The non-recourse, fixed-rate loan carries an initial term of one year. The interest-only loan structure includes a debt service reserve, as well as funding for completion of capital improvements

About Partners Capital Inc.

Partners Capital, Inc. is a California-based direct lender that finances short-term private money bridge loans secured by commercial real estate located in the Western US. Our platform offers quick, reliable & flexible lending solutions to help real estate sponsors meet their investment objectives. Our firm focuses on financing transactions in the $2-$10MM range and provides financing for recapitalizations or acquisition of opportunistic and value-add real estate. Since 2002, the company and its principals have been responsible for funding over $1.5 billion of debt and equity.

Contact: (310) 447-8899     www.partcap.com     finance@partcap.com

Partners Capital Funds $5,750,000 Bridge Loan on 164-unit Apartment Complex in Bankruptcy

By: Marissa Wilbur

exterior-2

LOS ANGELES, CA – September 2016

Partners Capital Finance, Inc. is proud to announce that it recently funded a $5,750,000 bridge loan on an apartment complex located in Las Vegas, NV.

Collateral: A 164-unit apartment complex located in the Northeast Submarket of Las Vegas was 92% occupied. The property is comprised of 11 buildings, which totals 168,300 SF on 8.55 acres of land.  The apartment complex was in Chapter 11 Bankruptcy, and in need of rescue financing after the lender accelerated the loan under a technical default.

Why Partners Capital? Partners Capital worked through the Bankruptcy issues and funded the loan in less than 20 days with no appraisal required.

Loan Terms: 8.50% interest-only, 68% LTV, 18-month term, 6-month yield maintenance

About Partners Capital Inc.

Partners Capital Inc. is a California-based direct lender that finances short-term private money bridge loans secure by commercial real estate located in the Western US. Our platform offers quick, reliable & flexible lending solutions to help real estate sponsors meet their investment objectives. Our firm focuses on financing transactions in the $2-$10MM range and provides financing for recapitalizations of acquisitions of opportunistic and value-add real estate. Since 2002, the company and its principals have been responsible for funding over $1.5 billion of debt and equity.

Contact: (310) 447-8899      www.partcap.com      finance@partcap.com

Partner’s Capital funds luxury 3,838 sf, four-bedroom, single-family residence in Topanga, CA

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