Commercial Mortgage Broker is Hiring

Commercial Mortgage Broker Financial Compound to Hire Two Analysts

Financial Compound, based in Santa Monica, CA, has started to interview candidates to fill two available financial analyst positions.  Candidates should possess strong analytical skills and a desire to forge a career in commercial real estate finance.  The analyst position involves underwriting, packaging, placing, and closing commercial real estate mortgages and equity financings.  Commercial Mortgage Broker Financial Compound remains an innovator in identifying and structuring capital markets opportunities and as a result provides an unmatched real estate credit training program.

Prior to 2003 Financial Compound sought staffmembers with MBA and law degrees in finance or economics.  By 2005; however, Financial Compound had a paradigm shift with respect to its hiring practices and started to lean towards college graduates with majors in liberal arts.  Financial Compound had better success in training these folks in from scratch, as opposed to analysts with work or educational experience in the field who may have develop less than stellar habbits.  Financial Compound prides itself on its training methodology and materials and prefers an ‘open canvass’ to start working with.  More recently Financial Compound entertained some high school graduates who liked to read alot, and found these candidates also had the ability to perform well.  The key ingredient for success at Financial Compound is hard work and persistence.  For certain transactions we speak to more than 100 lenders and it is important for our analysts to embrace our philosophy of brushing off rejection and continuing to look for a lender who is a perfect fit for the transaction.  Post graduate candidates that Financial Compound interacts with may not always be scrappy enough to succeed in our ‘in the trenches’ forum.  Michael Schwartz of Financial Compound notes that “2011 has been one of our best years in history.  I know that we got lucky but at the same time, when you work hard enough, you create your own luck.”

Prospective analysts can contact 310-260-5900 x103 regarding the position.

Commercial Mortgage Lenders- Burbank Apartment Refinance

Commercial Mortgage Lenders- portfolio apartment refinance

Commercial mortgage broker Financial Compound has arranged has arranged a $1 million refinance for a 1950’s built multifamily property.  The class-B property consists of a 2-story, 20-unit building plus 5 free standing cottages.  The borrower desired a few customized features in the loan making the loan unsuitable for agency or securitization lenders, including special provisions related to non-monetary defaults and borrower’s cure rights.  As a result, Financial Compound directed this transaction to portfolio commercial mortgage lenders.  Loan terms included   (1) Rate: 12 MAT + 2.70% (Floor: 2.70%, Cap: 8.96%); (2) Term/Amort: 30/30; (5) Non-recourse; (6) Lender Fee: Par; (7) Prepayment: By year–3.0%, 2.8%; 1.6%, 0.4%, 0.2%, then open to prepay.  Borrower may convert to fixed at then-prevailing rates.

This transaction represents another commercial mortgage broker Financial Compound deal for a repeat client where Financial Compound was able to work with commercial mortgage lenders to customize the transaction according to the borrower’s specifications.  Many of our deals are for repeat clients who do all of their real estate financing through us.  Most of our marketing has been through word of mouth referrels.

CMBA 14th annual Western States CREF Conference

CMBA 14th annual Western States Commercial Real Estate Finance Conference, October 5-7, 2011 Encore a the Wynn, Las Vegas

Presented by the California Mortgage Bankers Association, this conference boasts the largest gathering of western states commercial real estate lenders.  Financial Compound looks forward to seeing you on Thursday October 6 at 1:45pm at the panel entitled, “A Behind-the-Scenes Look at Insurance Company Lending” in Encore Ballroom 5.  Panelists include:

Don Dibble, Lincoln Financial Group

Bill McPadden, John Hancock Real Estate Finance

Timothy McGinnis, New York Life Investment Management

Greg Michaud, ING Investment Management

Colin Elder, Symetra Financial

Commercial Mortgage Broker Financial Compound works closely with many of these life companies and successfully closes loans with life company and other portfolio lenders, as well as with other types of capital providers throughout the real estate capital markets.  As we round out 2011 Financial Compound continues to have a banner year, with a loan closing volume approaching its 2006/2007 peak.  Financial Compound does not attribute its 2011 success to economic trends, rather the luck and opportunity of adding a handful of new clients and staff-members, in addition to performing refinances and other loans for its core of repeat borrowers.  Commercial mortgage broker Financial Compound notes that a number of distressed deals that have been in workout mode for more than 18 months have come to conclusion in 2011 involving workouts to continue on with the same capital providers, or distressed refinances where Financial Compound was able to find the proverbial needle in the haystack and bring new money to the table for properties where many of today’s commercial real estate lender will not transact.

We look forward to seeing our friends and colleagues at the 14th annual Western States CREF conference, in addition to making new connections.

Commercial Mortgage Lenders: distressed single family credit facility

Commercial Mortgage Lenders provide distressed single family credit acquisition facility

Financial Compound arranges a $20 million distressed single family credit acquisition facility.  Loan terms include 90% of cost (LTC), 6% interest rate, 3 year term, interest only, recourse, 1% lender fee.  While many similar transactions are closed with hard money lenders and lower leverage, for strong sponsors with a good track record, Financial Compound is able to arrange higher LTCs and institutional pricing with a handful of commercial mortgage lenders.

Commercial Mortgage Broker Financial Compound is available to assist sponsors that purchase single family properties at the foreclosure sales.  We work with lenders that will fund the transaction at the time of sale (at the courthouse steps), as well as within days and a couple of weeks thereafter.  The homes can be pre-approved for loan dollars prior to the time of the foreclosure sale.

Land Loans Southern California

Land Loans Southern California coastal plain, $23,000,000 refinance

Financial Compound has arranged a $23 million unentitled land refinance for a 5,000 acre land assemblage in a southern California coastal plain.  The assemblage is to be developed into a  low density exclusive community with a few thousand acres of private preserve, signature golf course, club-house, spa and equestrian facility.  This refinance pays off the existing recourse debt, returns $5 million of costs to the borrower that has been spent on the site to-date, and funds all remaining entitlement costs necessary to obtain ‘paper-entitled lot’ status.  Land loans terms include a 12% interest rate, 5 year term, interest-only, non-recourse, no prepayment penalty.

Commercial mortgage broker Financial Compound was instrumental in helping the borrower find this capital provider, in a marketplace where un-entitled land financing is rare.  Financial Compound has closed more than 15,000 acres of un-entitled land financing with this particular capital provider.