It is common practice for real estate investors and developers to obtain quotes for the various inputs (e.g., excavation, foundation...) and then fix their cost. Capital is also an input but its cost (i.e., interest rate) is frequently floating and based on the lender's Prime rate. The floating nature of the interest leaves the developer exposed to interest rate fluctuations and is therefore a source of uncertainty. Aligned Financing focuses on arranging financing for commercial real estate and has recently developed the unique capability that allows Borrowers (i.e., investors and/or developers) to reduce this interest rate uncertainty, under certain circumstances.
The presentation will highlight the following:
• General steps that lenders follow when considering financing requests
• Connect to best practices when approaching a lender
• Interest rate options for the Borrower
• Exclusive programs to reduce interest rate uncertainty.
About Steve Giagkou and Aligned financing:
Aligned Financing ("AF") is licensed by the Financial Services Regulatory Authority of Ontario (FSRA) and focuses on arranging financing for commercial real estate. In addition to arranging financing, AF has unique and exclusive Programs that allow Borrowers to reduce interest rate uncertainty. These Programs were developed thanks to Steve Giagkou's experience in the banking world where he spent over 15 years working in real estate lending, corporate and institutional foreign exchange and interest rate sales and trading and commercial banking.
Outcome:
After the presentation, participants will have a better understanding of what is required to secure loans and learn about different options that developers have when they are presented with floating rate loans.
Steve Giagkou, CFA, MBA, President, Principal Broker
Steve@AlignedFinancing.ca
Mobile: 647-765-0539 (preferred)
Office: 416-294-3216