CONVENTIONAL COMMERCIALACQUISITION LOAN
Two Story Office Building Acquisition - Irvine, CA
Market - LEGAL
$6M
PURCHASE PRICE
SERVICES RENDERED & RESULTS
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Unique/Hybrid Financial Structuring
- Structured a unique SWAP loan agreement to secure conventional financing
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Real Estate Lending Solutions
- Secured $4.5M in financing with a 75% LTV
- Negotiated a below-market interest rate for the client
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Transitional & Bridge Capital
- Provided a no-prepayment-penalty loan to allow for the future sale of an existing asset
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Consulting Strategies
- Executed with precision to meet all critical deadlines
- Successfully navigated a complex deal, aligning the needs of both the borrower & the lender
GOALS & CHALLENGES
Tight Deadline: The purchase agreement mandated a fast-paced schedule due to the short timetable permitted by the seller
Complex Reverse 1031 Exchange: The loan transaction had to carefully adhere to strict Reverse 1031 exchange guidelines in order to avoid capital gain taxes on the existing law office building that would be sold in the coming months.
Complex Loan Program/Contract: The client desired a Interest Rate SWAP commercial loan program that was comprised of two parts where one of portion of the loan would allow for early payoff as we expected to sell the former law building within 90 days. The added value was to achieve the best rate/pricing in the market.
Creative Underwriting Required: Underwriting attorneys that operate on a contingent fee basis are problematic for most lenders/banks. Additionally, achieving sufficient annual global debt service coverage required creative projections of debt reduction and future income enhancements.
17,400 SF
Law Firm Office Building
Client Objective & Purpose
Client’s law firm had outgrown their current space & wanted to be more centralized in a prime Irvine, CA market.
Outcome
The borrower successfully acquired the new law office building, securing an ideal location to expand his law practice. Vanguard Commercial Capital’s expertise and persistence overcame complex underwriting barriers and reverse 1031 tax exchange requirements. By employing creative financial structuring, leveraging trusted banking relationships, and assisting with the process of the reverse 1031 tax exchange, Vanguard once again demonstrated its ability to go above and beyond to meet client needs and execute highly complex transactions.
Owner-User Building for a Law Firm
Client Feedback
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EPIBIOLOGISTICS
Noel Delivers Results Where Others See Roadblocks
With decades of deep banking relationships & direct access to key decision-makers, he structures tailored loans using common-sense underwriting. Not policy driven, just performance driven, Noel maintains a 95% close ratio by finding creative solutions that others overlook.
