Pioneer Realty Capital, LLC Closes a 3.9% 10-Year Fixed Rate Loan on Sierra Court Retail Center located in El Paso, TX

News provided by

Nov 16, 2016, 08:40 ET

MANSFIELD, Texas, Nov. 16, 2016 /PRNewswire/ -- /Texas Real Estate Business/ -- Pioneer Realty Capital, LLC, a leading Texas based Commercial Mortgage Non-Bank Lender, has closed a $4,750,000 loan to refinance the Sierra Court Retail Center located in El Paso, TX.

Watch to see why Pioneer Realty Capital is "Better Than A Bank!"

Apartments | Retail | Office | Hotel | Industrial

Many owners and investors of commercial real estate who obtained loans backed by Commercial Mortgage Backed Securities (known as CMBS loans) are experiencing difficulties in securing favorable financing for loans that now due. Some properties no longer meet CMBS underwriting guidelines because of property age, condition or occupancy levels. Pioneer Realty Capital promotes a conventional loan program that targets properties transitioning from CMBS debt.

On September 8, 2016, Pioneer Realty Capital closed a $4,750,000 loan to refinance the Sierra Court Retail Center. The loan was 65% loan-to-value with flexible pre-payment options. The sponsor increased net annual cash flows by reducing the interest rate from 6.19% to 3.9%. The sponsor also avoided the typical impounds usually imposed by CMBS lenders.

"We are actively reaching out to owners of commercial real estate who are seeking to transition from CMBS debt to more conventional and lower priced debt options." Mr. Charles Williams – Managing Director

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 don't fall within 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 capital structures that address and satisfy the concerns of all stakeholders to achieve successful transaction execution.

Pioneer Realty Capital, LLC is a non-bank lender representing publically traded private debt funds as well as a national network of capital and participating partners. Their lending programs provide commercial real estate owners and investors with access to non-bank 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.

www.pioneerrealtycapital.com

Contact: Charles Williams, MBA, EA
Pioneer Realty Capital, LLC

2363 Hwy 287 N., Ste. 203
Mansfield, TX 76063

Phone (682) 518-9416
Fax (817) 422-0846
[email protected]

Video - http://www.youtube.com/watch?v=fmmCyMy3FW4
Logo - http://photos.prnewswire.com/prnh/20161115/439933LOGO
Photo - http://photos.prnewswire.com/prnh/20161115/439934

SOURCE Pioneer Realty Capital, LLC