David Kushner, an established business leader who lives in Cresskill, New Jersey, serves as the president of Paradigm Capital Group in New York City, where he arranges quick, reliable financing of commercial real estate projects. One of the areas in which executive David Kushner of Cresskill has extensive knowledge is commercial mortgage-backed security (CMBS) loans.
A low-cost type of equity, CMBS loans are ideal for owners of properties who are seeking recapitalization of an existing cash-flowing asset. Among the key consideration of CMBS loans are that they have fixed rates and are long term by nature. CMBS loans are not designed for flexibility.
Available as five- to 10-year notes, CMBS loans represent a pooling of loans into securities, with real estate assets serving as collateral. For this reason, paying back the loan before maturity can prove a costly undertaking because investors are guaranteed to receive income throughout the life of the loan.
A low-cost type of equity, CMBS loans are ideal for owners of properties who are seeking recapitalization of an existing cash-flowing asset. Among the key consideration of CMBS loans are that they have fixed rates and are long term by nature. CMBS loans are not designed for flexibility.
Available as five- to 10-year notes, CMBS loans represent a pooling of loans into securities, with real estate assets serving as collateral. For this reason, paying back the loan before maturity can prove a costly undertaking because investors are guaranteed to receive income throughout the life of the loan.
