A Family Office based in Singapore has been actively shopping for yielding assets in the U.S. Given the recent weakness in San Francisco, the Family Office bought the building at 27% below the peak of 2019.<\/p>\n\n\n\n
The borrower was an overseas company with no U.S. footprint and could not find any lenders willing to underwrite the loan. The lead came from a private bank that referred us to the client.<\/p>\n\n\n\n
High Net Worth investors require a level of sophistication and professionalism which is why so many private banks are comfortable with us handling their clients.<\/p>\n\n\n\n
We were able to secure a 5-year term with 25-year amortization with one of our lending partners that underwrote solely to the stabilized property. The borrower will now be able to generate a U.S. net worth which will open up further financing options for their next property.<\/p>\n\n\n\n
| Nationality<\/td> | Property Value<\/td> | Loan Amount<\/td> | LTV<\/td> | Rate<\/td><\/tr> | |||||
| Singapore registered corporate entity<\/td> | 6,200,000<\/td> | 2,790,000<\/td> | 45%<\/td> | 5.875%<\/td><\/tr> | |||||
| Term<\/td> | Address<\/td> | Property Type<\/td> | Loan Type<\/td> | Home use<\/td><\/tr> |
| 5 years<\/td> | San Francisco, California<\/td> | Multi-Family Building<\/td> | Purchase<\/td> | Commercial<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":" Family Office in Asia purchases Multi-Family residential building in San Francisco<\/p>\n","protected":false},"author":8,"featured_media":2505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27,19,14,25,23,24],"tags":[],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-1278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-commercial","category-foreign-nationals","category-portfolio","category-purchase","category-residential"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",2560,1707,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",1125,750,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-768x512.jpg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-1024x683.jpg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-2048x1365.jpg",2048,1365,true],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",1125,750,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-scaled.jpg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-1200x800.jpg",1200,800,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/01\/c1-1980x1320.jpg",1980,1320,true]},"qubely_author":{"display_name":"Dipti K.","author_link":"https:\/\/www.americamortgages.com\/author\/dipti-k\/"},"qubely_comment":0,"qubely_category":"Case Studies<\/a> Commercial<\/a> Foreign Nationals<\/a> Portfolio<\/a> Purchase<\/a> Residential<\/a>","qubely_excerpt":"Family Office in Asia purchases Multi-Family residential building in San Francisco","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=1278"}],"version-history":[{"count":25,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1278\/revisions"}],"predecessor-version":[{"id":16324,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/1278\/revisions\/16324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/2505"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=1278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=1278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=1278"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=1278"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=1278"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=1278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |