Why Bond Street?
In our role as a member of our client’s team, we evaluate not only which capital source may be the best choice but how a particular loan option will impact the proposed business plan of the client both in the short term and over the life of the project.
For example, a client may approach financing a project at a very low leverage point initially preferring a 10-year fixed rate loan. The lowest interest rate loan will likely have a Yield Maintenance or Defeasance prepayment penalty. From a risk management and pricing perspective, that can be the right solution. However, if the client wants the option to sell the property within the term of the loan, that ten-year fixed rate loan with a substantial prepayment penalty may be the wrong option. The Borrower will lose flexibility to sell the property to the highest bidder without incurring a big prepayment penalty. A better solution would be a fixed rate loan with a flexible prepayment option even if it is at a higher interest rate.
We identify and source all of the loan options available and then match the loan to the needs of our client. Bond Street will be there from the beginning of the process, through the closing of the financing and then as needed throughout the life of the project.
