Those credit companies that finance commercial real estate projects also originate a wide variety of loans. These unique credit companies provide CMBS, Bridge, Single-Tenant, and Multi-tenant commercial real estate financing. They are the primary lending arms of major industrial corporations.
Areas of focus include Single-tenant & Multi-tenant financing, fixed and floating rate first mortgage debt, and traditional and niche property types, including: multifamily, office, industrial, retail, manufactured housing and hospitality. Credit companies offer mortgage loans to investors and owner operators for the acquisition and refinancing of their respective type of property.
Credit companies lend against cash flow and accept commercial real estate as their collateral. Therefore, the primary concern for credit companies is that the real-estate is leased and has strong, predictable cash flow; they will not finance empty buildings or construction. The real estate is the collateral for the loan, but the credit companies look to operations to pay their debt service. The loans are non-recourse and the term ranges 3 to 15 years.