Commercial Real Estate (CRE) Finance
Property-secured lending and real estate credit structures
“Steady, standard, and still the most common.”
Conventional property-secured financing used to purchase, refinance, or develop commercial real estate.
“Swap, Don’t Sell — Defer the Tax.”
Tax-deferred real estate exchanges that allow reinvestment of proceeds into similar properties.
“Cash in the Walls, Keep the Halls”
A structure where property is sold and simultaneously leased back, freeing up capital while retaining operational control.
“Wow, that’s a lot of five dollar words.”
Commercial Mortgage-Backed Securities — loans bundled and sold to investors, providing liquidity to the CRE market.
“Pay the Rent — and the Rest”
Lease agreements where tenants pay property taxes, insurance, and maintenance in addition to rent.
“LTV talks the value. LTC walks the cost”
Ratios measuring loan size relative to property value or total project cost.
“Borrow the Ground, or Hold the Deed.”
The distinction between leasing land long-term (ground lease) versus owning it outright (fee simple).