ARLINGTON, Texas, Aug. 1, 2018 /PRNewswire/ -- Pioneer Realty Capital, LLC, a leading Texas-based Commercial Mortgage Intermediary and Non-Bank Lender specializing in debt and equity transactions, has closed a $3,200,000 loan to refinance and recapitalize the Summit Point Office building located in Austin. The loan was successfully negotiated and arranged with an international investment banking firm that specializes in providing long-term fixed rate debt structures for multi-tenant office buildings.
The sponsors acquired the property in mid 2016 as an underperforming asset with a plan to resolve deferred maintenance issues and to re-tenant the property. The sponsors approached Pioneer Realty Capital to inquire about the possibilities of recapitalizing the asset for the purpose of repatriating capital to investors. Additionally, the sponsors needed a hedge against interest rate inflation.
The Pioneer Realty Capital, LLC team prepared a detailed "Offering Memorandum" highlighting the economic benefits of this investment and subsequently received multiple offers from competing debt funds.
Ultimately, our team identified an international investment banking firm seeking to deploy capital on newly stabilized multi-tenant office assets. This was our first transaction with the sponsors and we look forward to representing future debt request on their behalf in the capital markets. Charles Williams, Managing Member – Pioneer Realty Capital, LLC
About Pioneer Realty Capital, LLC - Pioneer Realty Capital, LLC approaches commercial mortgage lending with the client in mind. They understand that each commercial real estate mortgage is unique and many fall outside general lending guidelines. Business owners and real estate investors frequently need innovative financing structures tailored to a unique situation. Pioneer Realty Capital's objective is to present customized debt and equity capital structures that address and satisfy the concerns of all stakeholders to achieve successful transaction execution.
Pioneer Realty Capital, LLC arranges and closes commercial mortgage debt and equity transactions for a national network of capital and participating partners. Their debt and equity programs provide commercial real estate owners and investors with access to nonbank lending sources that include pension funds, life insurance companies, real estate investment trusts, hedge funds, investment and regional banking firms.
The firm is headed by its founder and Managing Director, Mr. Charles Williams, MBA, EA.
Contact: Victoria Guerra
Pioneer Realty Capital, LLC
Phone (682) 518-9416
Fax (817) 887-0868
SOURCE Pioneer Realty Capital, LLC