The Client
The client was referred to us by a private bank in Zurich. The client is a German company looking to expand to the U.S. and wanted to purchase a U.S. Headquarters. They struggled to look for financing as the source of repayment of the loan was based on the European company and foreign financials, which U.S. banks do not recognize or underwrite to.
How We Helped
We were able to secure a lender that underwrote to the foreign financials, based in Euros, and secured a 5-year interest-only Commercial Real Estate loan. Going forward the U.S. revenues will roll up to a U.S. tax return allowing for traditional bank financing in a few years.
Loan Details
Nationality | Property Value | Loan Amount | LTV | Rate |
German Company | 5,900,000 | 3,540,000 | 60% | 6.125% |
Term | State | Property Type | Purpose | Loan Type |
5 years | Cincinnati, Ohio | Warehouse/Office Building | Purchase | Commercial |