Paul Castagna's Blog (2)

How Aetna Capital Works to Fund Your Difficult Loans

Scenario: You’ve got a client that wants to take out a mortgage loan. Normally, you would take your clients straight to the big banks, but this client isn’t going to get approved because maybe they have a non-conventional income or maybe they had a rough financial year.  Either way, the banks won’t have it.  But you argue that they have good credit and perfect pay histories on their investment real estate.…

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Added by Paul Castagna on October 29, 2015 at 9:26am — No Comments

Tough Deals,No Problem, That's Where We Excel

 

Aetna was retained to place permanent financing for a cash out.

The property is a renovated 82,064 square feet IMAX theater.

The challenges were the tenant was not investment grade, the adjacent mall was 37.9% occupied & the sponsor was seeking a 75% LTV, on a property that was difficult to value.

The sponsor purchased both the mall & movie theater in 2014, for $13,000,000 & invested an additional $3,000,000 in TI for the theater.    …

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Added by Paul Castagna on October 1, 2015 at 3:35pm — No Comments

"Early Adopter Upside with 90% Downside Protection" Sale is now live with up to 6X bonuses

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