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Suburban Capital Markets,
Inc. has a broad range of non-recourse loan products for income-producing
real estate across industry sectors. No matter what type of loan is
sought, we work closely with our clients to structure the right loan
in the context of the property characteristics and the borrower's
needs. Key to our success is that we will respond rapidly to any loan
inquiry. We will communicate as quickly and as completely as the circumstances
allow. And, we will always inform the borrower of the risks and benefits
of our tailored quote.
Suburban is actively involved in the origination of permanent
fixed rate loans for the commercial mortgage-backed securities
pools. We commit and close our loans in accordance with underwriting
guidelines of the credit rating agencies. The loans are pre-committed
for purchase by investment banking partners (investors), which warehouse
the mortgages, assemble large pools and create new securities collateralized
by the mortgage cash flows. The securities, typically in the form
of rated real estate mortgage interest certificates (REMICS), are
sold to institutional investors.
Many borrowers have properties that for myriad reasons might not be
operating at an optimum level. Often this is so of newly-acquired
properties, properties that require rehabilitation, or properties
that are being repositioned in the market. Other causes could be conversions
from subsidized housing to non-subsidized use, or recent construction.
In such cases Suburban makes short
term, floating rate bridge loans.
Today, perhaps more than ever before, borrowers find themselves in
the position of needing "bridge equity" in the form of mezzanine
financing. Suburban structures mezzanine loans to complement and
supplement first mortgage loans.
Suburban Capital Markets offers construction
loans of two basic types. Typically our construction loans are
non-amortizing, with an interest rate spread above LIBOR. Suburban
provides construction loans under a partnership agreement with a global
banking institution. These loans are either fully or partially guaranteed
by the borrower, and can be used for most real estate classes. Suburban
also can offer a fully-funded construction loan for projects that
have adequate pre-leasing. |
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