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| Ivan Kustic |
NEWPORT BEACH, CA – MetroGroup Realty Finance, a private commercial mortgage banking firm based in Newport Beach, California, recently arranged a total of $26.5 million in financing on behalf of the respective owners of three industrial properties in Southern California.
All three loans were originated and closed during the Covid-19 pandemic.
These refinancing transactions were strategically secured through demonstrating the strong long-term positioning of these properties, in order to lock-in historically low interest rates and competitive terms, according to Ivan Kustic, Vice President at MetroGroup.
“Despite uncertainty driven by the year’s events, the capital markets are relatively stable and healthier than originally anticipated at the beginning of the pandemic,” says Kustic.
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| Industrial complex, Vernon, CA |
“While
lenders have certainly become more conservative in their underwriting and
evaluate opportunities with increased scrutiny, they are still highly active”
Kustic adds that MetroGroup leveraged its trusted relationships with a wide network of lenders to provide the requested terms with three distinct sources of capital structured to meet the specific needs of the clients.
“We were able to effectively communicate these properties past performance, desirability and position in their respective markets. Through these uncertain times, we provided attractive loans on behalf of the borrowers,” Kustic explains.
Contacts:
Katie Haga/Lexi Astfalk
Brower Group
(949) 438-6262
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