Office Building Financing
Clopton Capital is a nationwide commercial mortgage broker that is able to offer extremely competitive office building financing for all types of office real estate nationwide. Whether you are looking to acquire, build, cash out, or simply improve you current loan terms, we can structure a competitive mortgage suited to your needs. Our diverse capital source network includes banks, credit unions, life insurance companies, pension funds, private debt companies, and CMBS conduits. Through our long standing relationships with these lenders, we offer on demand access to their capital markets, giving our clients fast responses and certainty of closing with competitive terms.
Types of Office Building Financing We Offer
For any office building property, we are able to structure financing within the below general outline
- LTV up to 75% (85% higher with mezzanine finance)
- Up to 25 year fixed rates
- First mortgage & mezzanine positions
- Up to 30 year amortizations, interest only available
- Loan amounts starting at $1 million
- Bridge loans
- Acquisitions, refinances, cash outs, construction
- Non-recourse & recourse options
- Flexible prepayment options
We typically work with small to middle market owners and operators of office buildings all over the country. Typically we will look loans from $1 – 40 million for any office building, whether it is a single tenant or large multi tenant tower in an urban setting. To discuss any office building financing scenario, don’t hesitate to contact us directly at 866-647-1650 or fill out the contact form to the right.
Examples of Office Building Financing
Example 1) A borrower came to us looking to refinance a medium sized office building located in Indiana. The borrowers company occupied a small portion of the building, but was not a major tenant. He was looking for a non recourse loan option that would fix his interest rate for the entire term of the loan. We were able to structure a $2 million 15 year fixed, 15 year amortization loan with a life insurance company at a very competitive interest rate, while keeping the loan non recourse.
Example 2) A group of investors was looking to acquire an office building in Florida with a small retail component on the ground floor for $9 million. The borrowers were looking for long term fixed rate non recourse money, with max leverage. We were able to structure an 75% loan to value, 10 year fixed rate, 30 year amortization loan at a very competitive interest rate and low fees with no personal recourse to the borrowers.
Example 3) A borrower came to us looking to refinance a maturing CMBS loan that was secured by a single tenant GSA lease in Chicago. The lease only had about 3 years remaining and needed to be renegotiated with the tenant. We were able to structure a non recourse bridge loan that gave the borrower 36 months to renegotiate the lease, interest only during the loan, with cash out proceeds to pay for tenant improvements to secure the lease renewal.