Corporate Brochure Business Line Booklet 2018 | Page 10

DEBT PRODUCTS FINANCING SPOTLIGHT 156 UNIT MULTIFAMILY PROPERTY AGENCY FINANCING Franklin Street secured the best financing terms for this client who had previously only used national lending shops. Our team went to market aggressively and won the Capital business. Franklin Street went on to also win this client’s Insurance, Property Management and Investment Sales business. Franklin Street offers an extensive selection of debt products for the acquisition, recapitalization, or repositioning of income-producing real estate across all asset types. CONSTRUCTION LOANS Construction loan terms and conditions can vary depending on the asset type, length of the construction process, and the borrower’s experience. Franklin Street can help developers find the best source, rate, and term for these often critical loans. VARIABLE RATES We guide clients to the best time and situation for using variable rates. We can also identify when investors who are adverse to risk should stay clear of variable rates or should implement a floor and ceiling. LOAN & EQUITY TYPES Acquisition | Conventional Refinance | Cash-Out Refinance | Construction Development | Redevelopment MEZZANINE LOANS Mezzanine lenders work in tandem with first-position lenders to offer higher loan-to-values, with a higher interest rate to offset additional risk. FIXED RATE LOANS LENDERS & EQUITY SOURCES National, Regional, Community Banks Conduit Lenders Fannie Mae and Freddie Mac Life Companies Credit Unions With a fixed rate, an investor can limit the risk of market fluctuations and focus primarily on the performance of the asset. BRIDGE & REHABILITATION LOANS A bridge loan is used when a property is in disrepair, vacant or in need of substantial upgrades. Most are variable rate loans with shorter terms and are often used to allocate funds for repairs.