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Industrial Market Continues to Boom: Lenders Hungry for Financing Opportunities

April 16th, 2018

Pinnacle Financial Group, Inc. is pleased to announce that it is in the process of arranging financing on approximately 1.2 million square feet of 50 year old, B/B- quality industrial space in the Cleveland market. The financing arrangement is unique in the fact that it provides the sponsor with 25-year self-amortizing, non-recourse loan at a rate of 4.35%.
Due to the traditional retail market shifting from window shopping to online shopping, the demand for industrial space has continued to increase. In addition to the shift in the retail market, the firm foundation in the underlying fundamentals of the industrial market are really what make it attractive to investors and lenders alike: user demand, stable supply, low vacancy rate and growing rents. These four attributes result in compressed cap rates and spreads.
All of Pinnacle’s 80+ capital sources are continuously looking for industrial loans to add to their portfolios with Life Companies remaining the most competitive (for properties both new and old).
Pinnacle Financial Group was formed in 1990 and is currently one of the largest independently owned mortgage banking companies in the Midwest. Pinnacle is a member of the Strategic Alliance Mortgage (SAM), an organization of twenty-two mortgage banking companies with…

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New Life Company Relationships to Start Off 2018

February 5th, 2018

Pinnacle Financial Group, Inc. is pleased to announce that it is has added two new life company relationships to its existing numerous life company relationships nationwide. Both life company lenders, Farm Bureau Life and American Equity Investment Life, are based out of Des Moines, Iowa and have programs that serve the Northeast Ohio markets well.
Regarding the new lending relationships, President Jim Leonard noted, “We are very excited to continue to increase our life company lending sources and to do business with Farm Bureau Life and American Equity Life. Both programs are a great fit, as they are able to offer non-recourse financing in the $2-15 million range.”
Pinnacle Financial Group was formed in 1990 and is currently one of the largest independently owned mortgage banking companies in the Midwest. Pinnacle is a member of the Strategic Alliance Mortgage (SAM), an organization of twenty-two mortgage banking companies with fifty-one offices throughout the U.S. SAM ensures local expertise within a powerful national platform. Pinnacle consistently delivers their clients the best possible capital available in the market. For more information on Pinnacle, it’s partners and services can be found at www.pinnaclefinnacialgroup.com.

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