News Column

EverBank Commercial Real Estate Group Announces Recent Transactions Across Single-Tenant, Multi-Tenant and Multifamily Businesses

May 23, 2014



By a News Reporter-Staff News Editor at Real Estate Weekly News -- EverBank Commercial Real Estate (CRE), a division of EverBank, announced the completion of several deals across its single-tenant, multi-tenant and multi-family businesses. EverBank Commercial Real Estate specializes in offering on-balance-sheet loans ranging from $1 million to $50 million for owner-users, investors and developers.

"Our team's deep understanding of the commercial market combined with the flexibility that comes with being a balance sheet lender means we can structure transactions that meet the needs of our borrowers while providing them with the fastest and most efficient solutions," said Greg Vieceli, executive vice president, EverBank Commercial Real Estate. "In today's capital-rich environment, borrowers and brokers have many options, but being able to deliver as promised with competitive rates and terms is what sets EverBank apart from other lenders."

A recent single-tenant deal included the closing of an 80,000 square foot office building in Claremont, Calif., for Keck Graduate Institute of Applied Life Sciences, a California-based non-profit. Keck, a subsidiary of a non-U.S. parent company, received an $8.6 million 10-year, 70 percent loan-to-value, non-recourse loan. "Despite the unique challenges of the borrower, our team worked closely with the broker and Keck to structure a competitive financing solution that met all their needs," said Vieceli.

Keywords for this news article include: EverBank, Real Estate.

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Source: Real Estate Weekly News