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Do You Have What It Takes To Secure Financing For Deals Before Year-End?

Los Angeles Capital Markets
Los Angeles Capital Markets
December 18, 2018 CIVIC Multifamily Tara Lerman, Bisnow
Do You Have What It Takes To Secure Financing For Deals Before Year-End?

Commercial real estate lending is constantly changing. The industry is seeing several new companies enter the space, and the competition is fierce. Nonbank lenders like CIVIC have brought a new generation of expertise in alternative bridge loans to the multifamily sector. As 2018 comes to a close, investors need to keep their head in the game to ensure they can continue to close and secure successful commercial real estate transactions.

Think you have what it takes to secure financing before the end of the year? Take this quiz to find out.

1

If you are looking to acquire a property under $5M, but are not ready to write the full check yourself, where should you get your financing?

Bank
Equity Partners
Bridge Lender

YOU'RE CORRECT!

Without a prohibitive prepayment clause, borrowers can refinance with a bank after they get a deal closed. You can be competitive with bridge funding in as little as two weeks. The interest-only loan means that all the appreciation for the property stays with you.

YOU'RE WRONG!

Without a prohibitive prepayment clause, borrowers can refinance with a bank after they get a deal closed. You can be competitive with bridge funding in as little as two weeks. The interest-only loan means that all the appreciation for the property stays with you.

2

Small Balance Loan deals under $5M make up approximately ___ of the total lending dollar volume in the United States and _____ of the total lending deal volume.

80% and 20%
50% and 50%
20% and 80%
40% and 60%

YOU'RE CORRECT!

While "big" loans tend to get the most attention from major lending institutions, Small Balance Loans make up the vast majority of loan activity throughout the United States. CIVIC focuses entirely on the small balance space and delivers vertically integrated, institutional-quality service and resources to borrowers who need less than $5M to make their deals happen.

YOU'RE WRONG!

While "big" loans tend to get the most attention from major lending institutions, Small Balance Loans make up the vast majority of loan activity throughout the United States. CIVIC focuses entirely on the small balance space and delivers vertically integrated, institutional-quality service and resources to borrowers who need less than $5M to make their deals happen.

3

Borrowers should consider bridge lending as their preferred source of capital under which of the following circumstances?

They need a loan quickly to get their deal done
They want to secure short-term financing for a value-add effort, and then refinance once the improvements are made and rent-roll increases
They are acquiring unstabilized multifamily assets
All of the above

YOU'RE CORRECT!

Bridge loans can be an ideal financing solution for a variety of borrowing situations. Borrowers should evaluate their options and choose to work with a team with the talent and expertise to help them choose the right option. CIVIC has built a team of over 200 people in under two years to ensure the company always has someone ready to help borrowers get deals done.

YOU'RE WRONG!

Bridge loans can be an ideal financing solution for a variety of borrowing situations. Borrowers should evaluate their options and choose to work with a team with the talent and expertise to help them choose the right option. CIVIC has built a team of over 200 people in under two years to ensure the company always has someone ready to help borrowers get deals done.

4

When looking for a bridge lender, a borrower should look for which of the following?

Discretion over allocation of funds
A fast approval framework
A strong, ample stream of access to capital
A full, vertically integrated suite of the required services for getting deals done from cradle to grave
All of the above

YOU'RE CORRECT!

When evaluating lenders while trying to obtain the right financing for a specific deal, it is important to get a sense of which services the lender executes itself and which services it outsources to others. Because speed and certainty of execution is of the utmost importance in the small-balance space, CIVIC has built a vertically integrated lending team. All of the required services in the loan process are executed under one roof. When a borrower partners with CIVIC, everything is handled in-house.

YOU'RE WRONG!

When evaluating lenders while trying to obtain the right financing for a specific deal, it is important to get a sense of which services the lender executes itself and which services it outsources to others. Because speed and certainty of execution is of the utmost importance in the small-balance space, CIVIC has built a vertically integrated lending team. All of the required services in the loan process are executed under one roof. When a borrower partners with CIVIC, everything is handled in-house.

5

Recent innovations and advancements in technology have made which of the following parts of the loan process more efficient?

Fast turnaround times on draw requests
Fannie Mae and Freddie Mac fallouts
Speed
All of the above

YOU'RE CORRECT!

Technology is changing the way people live and work. For CIVIC, providing industry-leading service for borrowers means combining a large and well-trained team with technology resources that make it easier and faster to secure financing.

This feature was produced in collaboration between Bisnow Branded Content and CIVIC Multifamily . Bisnow news staff was not involved in the production of this content.

YOU'RE WRONG!

Technology is changing the way people live and work. For CIVIC, providing industry-leading service for borrowers means combining a large and well-trained team with technology resources that make it easier and faster to secure financing.

This feature was produced in collaboration between Bisnow Branded Content and CIVIC Multifamily . Bisnow news staff was not involved in the production of this content.

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CONGRATULATIONS

CityScape Quiz Do You Have What It Takes To Secure Financing For Deals Before Year-End?
Contact Tara Lerman at tara.lerman@bisnow.com
Related Topics: Capital Markets, Multifamily lending, CIVIC