Finance
Ease Capital Launches New Fixed-Rate Permanent Financing Program
NEW YORK, September 16, 2024–(BUSINESS WIRE)–Off the success of Ease Capital’s (“Ease”) bridge lending program, Ease just launched a new fixed-rate loan program in partnership with a bulge bracket bank. Ease’s new multifamily and mixed-use permanent financing program offers highly competitive 5, 7 or 10-year loans, from $5-$50 Million, for stabilized and near-stabilized properties.
With the agencies tightening underwriting guidelines and banks continuing to pull back from the small balance and lower mid-market space in which they account for 60% of loans, obtaining permanent financing has become increasingly difficult for multifamily properties that have debt maturing. Ease has always focused on serving the traditionally overlooked small balance and lower mid-market segment which accounts for over 98% of multifamily properties and is now well positioned to deliver full-lifecycle solutions to our clients from construction completion through permanent financing and everything in between.
“For multifamily borrowers seeking flexible, interest-only, permanent financing with maximum proceeds, this loan program is perfect,” said Barclay Lynch, Head of Loan Originations at Ease Capital. “We will close over $300 million of bridge loans this year and this new program is a perfect complement to our existing transitional loan business and allows us to serve our clients permanent financing needs.”
Ease’s new loan program can provide non-recourse, interest-only loans, from $5-$50 Million on stabilized and near-stabilized multifamily and mixed-use properties at pricing of Treasuries + 200-300 bps, depending on leverage and term. Under the terms of the partnership, Ease runs all sourcing, sizing and underwriting internally with all loans being securitized.
About Ease Capital:
Founded in 2022, Ease Capital is a nationwide, direct lender focused on providing capital solutions for multifamily and mixed-use commercial real estate assets. Ease prides itself on offering flexible financing solutions for everything from new acquisitions to construction completion to fully stabilized deals (and almost everything in between). Ease Capital’s team is full of experienced and creative deal makers that move fast, are easy to do business with, and are 100% committed to closing on the terms agreed to. Ease offers a range of floating rate loan products including bridge, bridge-to-permanent, and permanent financing solutions for stabilized or near stabilized assets. Backed by leading institutional investors, Ease’s mission is to make real estate ownership more accessible. For more information, please visit www.easecapital.io or reach out to barclay@easecapital.io to find time for an intro call.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240916832122/en/
Contacts
Guillermo Sanchez, memo@easecapital.io