we proudly present the following exclusively financed ... · 9805 east bell road, suite 110,...

9805 East Bell Road, Suite 110, Scottsdale, Arizona 85260-2334 Web: www.integrity-capital.com Email: info@integrity-capital.com Reception: 480-219-1640

We proudly present the following exclusively financed transaction!

SOUTH PARK REFINANCE 3920 S. PADRE ISLAND DRIVE

CORPUS CHRISTI, TX 78411

PROPERTY HIGHLIGHTS

Ø Property was at a low leverage Ø Building was located in a prime location in

the heart of Texas

DEAL CHALLENGES FINANCING STRATEGY

Ø Significant Roll Over Risk Ø Teritiary Market Ø Borrower was not up to speed on the CAM Expenses

Ø We were able to get the lender comfortable with the basis and DSCR

Ø Were able to show that Corpus Christi was an up and coming city with great traffic

Ø We were able to assist in getting his CAM books up to speed

FINANCING SUMMARY ADDED VALUE TO THE CLIENT

Appraised Value 6,075,000 Ø Client was able to waive impounds by signing recourse Ø Took away the burden of loan preparation Ø Negotiated valuable terms that fit their immediate and

future needs Loan Amount 3,900,000

Loan to Value 64%

Amortization 300 mos.

Term 120 mos.- Fixed for 10

Prepayment Penalty Yield Maintenance

Interest Rate 6.75%

Indices 10 yr Treasury