Single-tenant suburban office can have contract rents that are difficult to replicate at lease renewal and can be difficult and costly to re-tenant and reconfigure as multi-tenant buildings. Fitch expects the company to reduce exposure of office to below 25% of portfolio NOI, and notes negative rating action may result if the company fails to do so. MANAGEMENT STABILITY Senior management has significant experience in http://finance.yahoo.com/news/apollo-commercial-real-estate-finance-133000051.html commercial real estate, investing, and asset management. The team is led by Gordon DuGan and Benjamin Harris, who have experience working together at W.P. Carey. Together the two carry more than 40 years of direct real estate investment and management experience, while Gramercy's eight senior officers have an average of approximately 20 years of real estate experience. PREFERRED STOCK NOTCHING The two-notch differential between GPT's IDR and preferred stock rating is consistent with Fitch's criteria for corporate entities with an IDR of 'BBB'. Based on Fitch research titled 'Treatment and Notching of Hybrids in Nonfinancial Corporate and REIT Credit Analysis', these preferred securities are deeply subordinated and have loss absorption elements that would likely result in poor recoveries in the event of a corporate default.
There are a broad number of ways to acquiring the necessary funding, including the United States Small Business Administration SBA. Please provide your full name first and last name. In what state is your business currently? Interest rates are variable and Prime based. Better Business Office Rating: A | See Seed Capital's BBC Score Here Seed Capital is a consulting firm that connects business owners to potential lenders, not a financial institution. Or is it just to ensure the business runs smoothly? Home Privacy & Security Careers Site Map Advertising Practices We strive to provide you with information about products and services you might find interesting and useful. Our goal is to serve our clients' immediate and long term financial needs from basic business loans and credit lines to the most intricate financial situations. Our experienced financial advisers keep their finger on the pulse of your business, and stay on top of your industries trends which can affect your entrepreneurial goals or existing enterprise. What Sets Us Apart from Other Lenders?
We strive to make the loan application process as easy as possible; and this is what sets us apart from other lenders. The type of collateral you pledge to secure your loan may have an impact on your interest rate, too. Wells Fargo is the #1 SBA 7a lender by dollars according to the U.S. It all depends on your specific business situation and your tolerance for risk. The process was easy, and within minutes I had offers in my in box. These methods vary depending on the type of financing you're getting.