What we do
Commercial real estate investors value Quantum’s ability to maximize their real estate investments. Because each member of our team has a successful, diversified background in real estate, we are able to offer thoughtful analysis to each client we represent. We provide actionable advice that is reflective of our in-depth understanding of the real estate and the capital markets, as well as the underlying forces that drive and change these markets.
Bridge loans provide interim financing for properties that are not ready for permanent financing. Bridge loans are often used to quickly close on a property, retrieve a property from foreclosure, take advantage of a short‐term opportunity, or fund renovations on an existing property.
Most bridge loans are priced over Wall Street Journal Prime Rate or LIBOR.
From office buildings and retail centers to condominiums and apartments, every project starts with a construction loan. Construction loans are priced over Wall Street Journal Prime Rate or LIBOR and typically only require interest payments during the construction period. Personal guarantees are usually required for smaller scale projects while larger deals can often be placed with limited personal guarantee. In some cases, non‐recourse financing are available.
Equity financing bridges the gap between available debt financing and the cost to build, buy, renovate, or develop a real estate project. Quantum offers both institutional and private capital to our clients.
Mezzanine loans allow borrowers to obtain a higher leverage than what conventional banks or conduit lenders can offer. These loans are available to existing properties and properties under construction.
For example, a borrower may have trapped equity on a property in which their first mortgage does not allow for secondary financing and has a yield maintenance penalty. In this situation, a mezzanine loan allows the borrower to leverage their asset without refinancing the existing loan. This is made possible because mezzanine loans can be secured against the partnership interest.
Mezzanine loans can be structured in many different ways which provides valuable flexibility to the borrowers.
Permanent loans are typically between 3 and 10 years but can sometimes extend to 15, 20 and even 30 years. Amortization will range from 15 to 35 years with some lenders offering interest only. Fixed rate loans are priced over T‐Bills, Swap index, or both. Floating rate loans are priced over Wall Street Journal Prime Rate, LIBOR, 12 MAT, or 11th District Cost of Funds. Loan to Value varies with sponsorship, asset quality, and property location.
Permanent loans are best suited for stabilized properties. However, properties that are near stabilization will often time qualify for a permanent loan with certain reserves or holdbacks structured into the loan.
Quantum’s ability to provide financing solutions for every type of transaction – regardless of size or complexity – has made us a go-to source for commercial real estate advisory services. The hallmarks of our practice are: an independent, unbiased consultation; a team that is one of the most knowledgeable and experienced in the industry; an ability to tap the intellectual capital and resources of our network of professionals; and a commitment to excellence. We bring all of these strengths to every assignment, enabling Quantum to achieve exceptional results for our clients.
Our clients come to us for:
- Asset Valuation
- Debt Restructuring
- Due Diligence
- Loan Assumption
- Loan Purchases
- Loan Sales