Financing

PALMER REIS maintains relationships with national, regional, and local banks to provide a variety of capital solutions (including construction and permanent financing).  Our process and wide breadth of banking sources allow us to tailor each assignment to the goals of our client and provide capital solutions that maximize investment performance.

Whether your project is a major reposition, light value-add or lease-up investment our team can assist with your bridge financing needs. We understand how to navigate the complex terms (recourse/non-recourse, leverage, interest rate, capital expenditure, etc.), and how to properly evaluate all options to ensure our clients secure the most beneficial bridge solution for their specific requirements.

Having extensive experience in arranging agency loans, the PALMER REIS team is highly proficient at evaluating how agency lenders underwrite and size their loans based on the property’s condition, stabilization status, development and management plans and cash flow. We evaluate if you’re looking for lower short-term rates, interest-only loans, prepayment flexibility, supplemental financing, debt assumptions, or rate-locks due to interest rate volatility, to ensure we choose the right product for your business plans.

The U.S. Department of Housing and Urban Development (HUD) along with the Federal Housing Administration (FHA) offers attractive amortizing loans that are non-recourse, high-leverage with low interest rates. HUD programs provide a certainty of execution, on a reliable lending platform with a definitive guarantee from the federal government. Our team can assist with every HUD financing scenario, including Low Income Housing, Opportunity Zones, Historic Tax Credits, and Section 8 housing projects.

With access to a national network of correspondent life insurance companies, PALMER REIS has compelling experience arranging insurance capital for all property types, local operators, and institutional investors alike. From long-term, fixed-rate lending with flexible prepayments, to short-term options we can structure the loan to suit your financing profile.

To help you acquire, refinance, or renovate a property our Small Balance team has extensive experience arranging multifamily loans ranging from $1M-$10M. From major metros to secondary and tertiary submarkets, small balance programs offer non-recourse, long-term fixed or floating rate financing with low closing costs and full-term interest-only options are available through our network of small balance lenders.

The SBA 504 loan program can be a great fit for companies looking to finance owner-occupied real estate with a long-term, fixed-rate loans for the acquisition, renovation, or refinancing of a variety of property types. Offering competitive rates and high leverage, the SBA 504 loan program can be a great option for owner-occupants of real estate and business owners looking to acquire real estate to operate their business in.

Commercial Property Assessed Clean Energy (C-PACE) is a state policy financing program available to developers and property owners to access capital to make energy efficient upgrades by providing up to 100% financing that is 50% less expensive than mezzanine debt for gut rehabs and new-construction projects. Allowing developers and property owners the benefit from the cost savings of energy-efficient improvements while also financing with low-cost capital that attaches to the property as a special assessment.