MIAMI, FL - SL Capital LLC, a full-service commercial mortgage banking firm, announced the close of a $100 million financing transaction. The transaction is a diverse non-performing note portfolio collateralized by 30 properties including multifamily, student housing and commercial properties. The assets are located across 11 states throughout the country. Financing was arranged through one of SL Capital's institutional investor relationships.
"The borrower acquired the loans in 2011 and approached SL Capital to provide financing to leverage their position," said Michael Boggiano, President of SL Capital. "We solicited multiple bids and arranged the optimal financing to fit our client's needs. A complex transaction such as this really highlights the value of our team's deep industry experience -- not only in terms of deal execution, but also in making the process as seamless as possible for our clients."
The full-service commercial mortgage banking firm provides capital from $3 million to $200 million-plus. SL Capital offers a variety of national loan programs including CMBS, Multifamily Financing, Mezzanine Debt, Preferred Equity, Bridge Loans and senior financing for Nonperforming Notes. SL Capital is a correspondent lender for Cantor Commercial Real Estate, offering CMBS fixed- and floating-rate loans from $5 million to $200 million-plus for stabilized commercial properties including multifamily, office, retail, industrial, warehouse, self-storage, mobile home park, assisted living and hospitality. Program details are available on SL Capital's website, at www.slcapmarkets.com .
SL Capital LLC is a national full-service commercial mortgage banking firm located in Miami, Florida, and affiliated company of the Lynd Company. Our experienced team has pooled decades of commercial real estate finance experience through many market cycles, to provide expertise and capital solutions to commercial real estate investors, bankers, mortgage brokers. With a national network of commercial lending relationships, SL Capital offers access to the most competitive capital sources for your financing needs, in a single, convenient source.
Source: SL Capital LLC / #Multifamily #Loans