Fairchild News & Market Insights

 

Fairchild closes $5,000,000 first mortgage financing on an office property in Charleston, SC.  The funds provided facilitated recapitalization of existing debt and structuring of long term debt at very competitive terms.

 

Fairchild closes $10,400,000 financing on a multifamily property in Orlando, FL.  The funds provided faciliated the repositioning and releasing of the building to optimize asset performance and related value. 

 

Fairchild closes $2,000,000 financing in on a multi tenant retail property in Charlottesville, VA.  The funds provided facilitated the acquisition of the property on customized rates/terms.

 

Fairchild is pleased to announce the closing of a $6,500,000 first mortgage loan on a retail property in Charlotte, NC.  The funds provided allowed for the proper lease up of the asset at competivie rates/cost.

 

Fairchild is pleased to announce the closing of a $4,150,000 bridge loan on a multifamily property in Atlanta, GA.  The funds provided facilitated the execution of a full property repositioning plan which allows for the maximization of associated asset value.   

 

Fairchild is pleased to announce the launch of Fairchild Capital Advisors, a full service debt restructuring and advisory firm serving real estate developers, owner/operators, debt restructuring firms, investors, and bank clientele. FCA identifies, evaluates and addresses issues and opportunities that arise in connection with the restructuring, repositioning, and workout of distressed loans and real estate assets.  

 

Fairchild is pleased to announce the closing of a $15,500,000 first mortgage loan on a suburban office property in Dallas, Texas. Fairchild provided financing to allow for proper restabilization of the asset. The loan was structured as an interest only facility with a 6.75% rate and a 2 year term.

 

Fairchild is pleased to announce the closing of a $4,195,000 first mortgage on a 49,000 sf retail shopping center in Charlottesville, Virginia. 

 

Fairchild is pleased to announce the closing of a $5,700,000 first mortgage loan on a portfolio of performing retail assets located throughout the southeastern, US. Fairchild worked diligently to structure a bridge facility that provided 100% of the discounted purchase price offered by the existing lender and closed in time to satisy the payoff.  Fairchild structured the exit for the bridge facility with a fully amortizing fixed rate loan at a 5% rate and a 5 year term.

 

Fairchild announces the closing of a $12,000,000 first mortgage loan on a multifamily asset in Chicago, IL. Fairchild closed an interest only bridge facility at 7% and a 2 year term to allow for proper stabilization of the asset. 

 

Fairchild is pleased to announce the closing of a $8,900,000 first mortgage loan on a portfolio of performing hospitality assets in South Carolina.  Fairchild closed a fully amortizing fixed rate loan at very favorable terms.

 

Fairchild is pleased to announce the launch of its small balance lending platform that will serve owners and investors of commercial real estate nationwide. FRC’s three prong approach provides a comprehensive solution to lower cost short term bridge lending, just missed bank style lending, and conventional long term lending. FRC's competitive marketplace will streamline the loan process, while eliminating inefficiency and providing the best execution in loan placement

 

Fairchild is pleased to announce the launch of CapLinx™, a revolutionary nationwide capital platform consisting of over 750 fully qualified and well capitalized financial institutions, high net worth individuals and family offices, foundations, endowments, corporate and public pension plans, seeking to deploy debt and equity capital in the domestic markets.

 

Fairchild Realty Capital is pleased to announce the closing of a $800,000 first mortgage loan on a A 9,608 square feet multi-tenant office building in Hilton Head Island, SC.  The Fairchild team worked in conjunction with the Sponsor to overcome the underwriting constraints present within this transaction. Working with variable shorter term leases, non-credit rated tenancy, and an overall shortfall of underwritten cash flows to cover the required loan proceeds, Fairchild worked diligently to structure a facility that exceeded 80% LTV while delivering competitive rate and terms that maximized overall cash flows.

 

Fairchild Realty Capital is pleased to announce the closing of a $5,200,000 first mortgage loan on a 250,000sf multi-tenant Office/Warehouse facility in Charleston, South Carolina.The Fairchild team brought exceptional structured finance expertise to this special situation lending scenario. Structuring the loan around credit issues with the reorganization of the existing operating agreement, Fairchild brought the necessary credit enhancement and additional guarantor strength to enhance the overall transaction. In addition, Fairchild overcame valuation constraints with the addition of supporting collateral which greatly improved overall underwritten cash flows. The property’s variable lease terms including 3, 5, 7, and 10 year leases posed a unique situation when structuring a longer term loan. The financing provided additional flexibility to the Borrower with proceeds for cash out, funds for completed and future TI/LC reserves, replenishment of operating reserves, payment of overdue property taxes, and payoff of existing debt. In light of various lending constraints present within this transaction, Fairchild closed a fully amortizing fixed rate loan with favorable terms including a 5 year term, a 4.35% rate, structured with par pricing.

 

Fairchild Realty Capital is pleased to announce the closing of Oak Tree Apartments,  a $1,450,000 first mortgage loan on a 78 unit apartment building in Ohio. Due to the property's location in the lending averse Ohio market and an out of state Borrower based in California, the financing of Oak Tree Apartments did not fit within conventional lending guidelines.  In addition, the property showed signs of aging and need of renovations and upgrades.  Despite all the challenges present in this transaction, Fairchild overcame all obstacles and closed this permanent, fully-amortizing loan, with competitive terms and sub 5% interest rates.

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​Fairchild Realty Capital is  pleased to announce its  new program offering  designed to meet the needs of sponsors and developers in terms of long term fixed rate financing. The program specifically targets deals that fall outside of traditional underwriting guidelines for reasons such as credit limit exposures, leverage requested too high, debt service not sufficient and the like. The just missed program has the following enhancements to aid in the approval process. Leverage up to 75% of value and amortizations up to 30 years on the long term fixed rate program. Clients will also respond well to the interest rates which are slightly higher than banks but in the 5-5.5% fixed range. Fixed periods run from 5 to 7 to 10 years and prepayment is an option for all program with limited penalty. In fact, the prepayment of up to 20% per year carries no prepayment at all. Excellent program choice for cash out requests and longer term fixed rates. The program also can be modified to bridge a situation from unstabilized to stabilized by adjusting the rates for risk. Interest only options only for the bridge product.



Fairchild Banking Group (FBG) is pleased to announce its revised product offering for its banking clientele. FBG provides tailored solutions to its banks including community, regional, and larger institutions who are seeking a definitive competitive edge in the marketplace.  FBG's solid platform lays the foundation for success for any banking institution as it provides innovative product solutions, methods to increase fee income, increase client loyalty/retention, gain a competitive advantage with a differentiated product offering, and join a platform of participating institutions that cross exchange products and services.  Fairchild works hand in hand with all participating banks to customize solutions to assist in attracting new customers, depositors, and client relationships for the long term, increase customer loyalty through a comprehensive product offering, gain access non-competing bank offerings to enhance the bank product profile, and partner with and/or syndicate projects with other participating banks.​