Our process begins by meeting with the borrower to understand the loan terms they are seeking. We have been borrowers ourselves and know there is no one-size-fits-all loan.
We understand how different lenders underwrite loans, allowing us to present to them in a manner that meets their underwriting requirements.
After receiving initial feedback, we consult with the borrower to discuss preliminary loan options and re-evaluate borrower preferences. This allows us to go back to the preferred lender(s) to negotiate the best available loan terms for the borrower.
Once a lender is chosen, Cypressbrook Capital will help you navigate the myriad of forms and information required by the lender.
We facilitate the ordering of the title and survey, along with the appraisal and engineering reports.
We serve as your advocate not just with the lender, but with third-party report vendors as well. This can prove invaluable in making sure there are no surprises anywhere and that required reserves are manageable.
We work closely with the lender throughout their loan process. If an unexpected complication arises, we are there to fix it and help ensure your loan gets approved.
Cypressbrook is there after closing as well, whether it is to assist with any servicing issues or to provide further capital guidance.
Multifamily Acquisition- $10.7 million Fannie Mae loan (80% leverage), 7 year non-recourse debt with initial interest rate of 2.66%, 2 years interest only followed by 30 year amortization.
Single Family Development- $8 million loan for acquisition of acreage and development of single family lots.
Office Building Refinance- $18 million loan includes $3 million in “good news” money, 7 year fixed rate, 2 years interest only followed by 25 year amortization.
Multifamily Loan Assumption- Assumption of existing Fannie Mae loan.
Multifamily Refinance- $14 million CMBS loan, 10 year fixed rate, allowed borrower to cash out all of initial equity.
Multifamily Construction- $20.8 million mini-perm loan, 3 year construction term followed by 2 years stabilization period.
Industrial Construction- $7.3 million mini-perm loan.