Lighthouse Advisory Services acted as exclusive advisor to provide financing for a 3,282 square foot retail/office property located on Roosevelt Avenue in Queens, NY. The property was 100% occupied by three tenants. Lighthouse negotiated a unique loan structure where the lender provided a 20 year loan on a 20 year amortization at a low interest rate of 4.22%. Closing occurred in less than 5 weeks.

LTV: 65.0%
Rate: 4.22%
Term: 20 Years (240 Months).
Amortization: 20 Years (240 Months)
Purpose: Refinance
Occupancy: 100.0%
Prepayment Penalty: 5, 4, 3, 2, 1, Open

Lighthouse Advisory Services performed Desktop Reviews on a $774 Million fix rate offering for an investment bank.  We reviewed asset summary reports, third party reports, sponsor information and the contributor’s cash flow underwriting to determine if the asset was underwritten under current market standards.  The portfolio included retail, office, multifamily and hotels.

Lighthouse Advisory Services completed a commercial real estate loan portfolio valuation for a West Coast credit union. The portfolio consisted of 196 loans located in 34 states across the country, with an outstanding principal balance of approximately $450 million. Lighthouse provided an independent ALLL analysis in accordance with FAS 114.

Lighthouse coordinated the defeasance of a securitized commercial mortgage, secured by a hotel property in Alabama.

Lighthouse Advisory Services (“LAS”) assisted their client in acquiring  a portfolio of performing and non-performing loans, valued over $800 million, by modeling the cash flows for the underlying collateral using ARGUS.  Over 40 Argus cash flows models were prepared in one week.

Lighthouse Advisory Services acted as exclusive advisor to provide financing for a 3,552 square foot single tenant Applebee’s restaurant in Florence, SC. Applebee’s is a globally recognized tenant and the largest casual dining chain in the world with over 1,990 Applebee’s restaurants operating system-wide in 49 states, 15 international countries and one U.S. territory as of 2011. The Applebee’s system employs approximately 28,000 employees company-wide.

LTV: 75.0%
Rate: 6.25%
Term: 10 Years (120 Months)
Amortization: 25 Years (300 Months)
Purpose: Refinance
Occupancy: 100.0%
Prepayment Penalty: 5, 4, 3, 2, 1, 1, 1, 1, Open

Lighthouse Advisory Services produced detailed asset summaries for a $600 Million floating rate offering for an investment bank. Loans were secured by hotels and offices located throughout the nation.

Lighthouse Advisory Services has been engaged to provide support for our client’s warehouse lines on an on-going basis.  We perform desktop reviews and underwriting services for each asset being submitted for approval.  Asset classes include retail, hotel, offices, and multifamily.  In addition, Lighthouse develops the credit memorandums used for approval.

Lighthouse Advisory Services provided CMBS transaction support for an investment advisory firm and an investments bank on a $600 million offering. Lighthouse aggregated data from various sources to create a dynamic datatape used for investor and rating agency purposes.  In addition, Lighthouse provided underwriting and asset summary preparation services on the whole loans, B-notes and mezzanine debt.

Lighthouse Advisory Services acted as exclusive advisor to provide financing for a 2,750 square foot single tenant Church’s Chicken restaurant in McAllen, TX. The financing was closed within a 6 week time period.

LTV: 60.0%
Rate: 6.25%
Term: 5 Years (60 Months)
Amortization: 20 Years (240 Months)
Purpose: Refinance
Occupancy: 100.0%
Prepayment Penalty: 5,4,3,2,1

Lighthouse Advisory Services has been retained by a nationally recognized commercial real estate finance and investment management company to perform ongoing quarterly reviews on a portfolio of 17 junior debt positions for one of their funds.  The portfolio consisted of b-notes, rake bonds and mezzanine positions secured by offices, apartments and hotels.

Lighthouse coordinated the defeasance of a securitized commercial mortgage, secured by a hotel property in Alabama.

Lighthouse Advisory Services analyzed 30 seasoned commercial real estate loans with a current balance of approximately $600 million for a northeast financial institution to determine if such loans would execute in a CMBS transaction.  The portfolio primarily consisted of office and industrial buildings.

Lighthouse Advisory Services acted as exclusive advisor to provide acquisition financing for the purchase of a 2,500 square foot single tenant 7/Eleven property in St. Louis, MO. The financing was closed within a 4 week time period.

LTC (Loan to cost): 62.0%
Rate: 5.50%
Term: 5 Years (60 Months)
Amortization: 25 Years (300 Months)
Purpose: Acquisition
Occupancy: 100.0%
Prepayment Penalty: 5,4,3,2,1

Lighthouse Advisory Services analyzed, underwrote and valued 25 commercial real estate loans for a local northeast bank to rate the loans and develop exit strategies.  The portfolio included condo construction and land loans.

Performed valuation services on a commercial real estate loan portfolio for a West Coast credit union. The portfolio consisted of 227 loans located in 34 states across the country, with an outstanding principal balance of approximately $500 million. LAS provided an independent ALLL analysis in accordance with FAS 114 which was completed within a 45-day period.

Performed stratification analyses for a Southeast credit union, building a financial model for reporting on a $370MM portfolio. The portfolio included the following asset types: 300 residential loans ($190MM); 12,000 auto loans ($150MM); 50 taxi medallion loans ($25MM); 200 trucking loans ($5MM). LAS also provided a detailed assessment of a commercial real estate loan portfolio . The portfolio consisted of 33 mortgage loans located throughout 13 states, with an outstanding principal balance of approximately $300 million. The loans were purchased in the secondary market through syndication. LAS performed a detailed re-underwriting and cash flow analysis of each asset which was completed within a 45-day period.

Performed valuation services on a member business loan portfolio for a West Coast credit union. The portfolio consisted of 175 loans located primarily in Southern California, with an outstanding principal balance of approximately $330 million. LAS provided an independent ALLL analysis in accordance with FAS 114 which was completed within a 30-day period.

Advised investment bank on the sale of a non performing floating rate commercial real estate note on a retail center in Southern California

Financial engineering advisory services, bond capital structure tie out with underwriter and deal accountant in connection with three Ginnie Mae securitizations

Financial engineering advisory services, bond capital structure tie out with underwriter and deal accountant in connection with Ginnie Mae securitization

Advised investment bank on the sale of a non performing fixed rate commercial real estate note on a multifamily complex in Houston, Texas

Performed due diligence and valuation services for a joint venture transaction between a commercial real estate servicing company and an investment bank

Performed valuation services on a commercial mortgage loan portfolio for a West Coast credit union. The portfolio consisted of 230 commercial and multifamily mortgage loans located throughout 30 states, with an outstanding principal balance of approximately $510 million. LAS provided an independent ALLL analysis in accordance with FAS 114 and FAS 5 which was completed within a 45-day period.

Advised regional bank on the sale of a performing fixed rate commercial real estate note on an office complex in San Antonio, Texas