Debt advisory
We assess the financing request, compile lender materials, approach lenders, compare proposals and coordinate closing. The loan needs to fit the property, the business plan and your ability to repay it.
Commercial bridge loans for renovation, lease-up and acquisitions
Short-term financing for a property that is being acquired, improved or leased toward stabilized income.
Commercial mortgages for properties you plan to hold
Compare bank, life insurance company and other permanent financing options for stabilized commercial real estate.
Fannie Mae, Freddie Mac and HUD multifamily financing
Evaluate agency and HUD financing for apartment acquisitions, refinances and eligible development projects.
Construction financing from the first draw to repayment
Financing for commercial development, with attention to the budget, draw process, guarantees and permanent loan or sale.
CMBS loans for stabilized commercial real estate
Evaluate securitized financing with a clear view of loan proceeds, servicing, prepayment and operating requirements.
Mezzanine financing and alternatives for a funding gap
Evaluate additional capital alongside the senior loan, project cash flow and sponsor’s ownership objectives.
Sponsor consulting
Underwriting, development and cash-flow models, Argus analysis, investment memos and reporting help sponsors make and explain decisions. See the consulting services.
Creative financing solutions
Some transactions need more than a conventional first mortgage. We evaluate alternatives such as seller financing, loan assumptions, mezzanine debt, staged funding, portfolio financing or a revised project budget. We compare their costs, obligations and effect on the business plan.
Real Estate Capital Partnerships
Through a separate principal-side affiliate, we evaluate purchases of operating real estate that can be leased back to the business. The affiliate acts as a buyer and prospective landlord. Learn about the sale-leaseback program.
Start with the property and the decision
Tell us what you own or plan to acquire, what financing or analysis you need and when you need it. We will discuss the next step and the materials needed to evaluate it.
Start with the decision in front of you
An acquisition needs a financing plan that works with the purchase agreement and the cash required at closing. A refinance starts with the payoff, the property’s current income and the next ownership period. Development financing connects the budget and draw schedule with completion, leasing and repayment. We organize the assignment around that specific decision.
The first conversation should establish what you own or plan to acquire, what you want to accomplish, the timing and what could prevent the transaction from moving forward. From there, we identify the analysis and materials needed to approach lenders or complete a consulting assignment.
What you should be able to compare
A useful financing comparison shows more than rate and proceeds. We examine cash required at closing, recurring payments, reserves, recourse, future funding, prepayment and the conditions that remain unresolved. The purpose is to make the choice understandable before the borrower commits to a lender.
For sponsor consulting, the deliverable may be a financial model, a transaction memo, a development forecast or reporting for existing stakeholders. The scope follows the question the sponsor needs answered, with the assumptions and findings explained in writing.
Discuss your property financing or explore sponsor consulting.