is a correspondent lender for CMBS investment banks whereby our services are paid by our lending partners enabling Summit to provide our borrower clients with best-in-class service with no originated fees. CMBS financing provides a low, fixed-rate, non-recourse mortgage coupon and the ability for our clients to monetize (i.e. cash out) their commercial real estate investments. Unlike other traditional lenders which shy away from substantial cash outs, CMBS lenders understand that owners seek to access the equity they have built in their commercial real estate properties and acknowledge that it is a part of the real estate ownership cycle - the harvest. Cash-out financing is one of the few ways an owner can monetize the value they have created without selling their properties and subsequently deal with significant tax consequences and asset replacement challenges. These cash-out structures also enable borrowers to facilitate partnership buyouts. Traditionally, CMBS financing represented an institutional financing product used by levered, private and public REITs, family offices, and real estate private equity firms seeking a non-recourse loan that allowed them to make ownership distributions or grow their portfolios by acquiring additional assets with the cash-out proceeds. While CMBS financing has been available for middle-market owners for some time, this financing option can be complicated and daunting to some owners. Summit Real Estate Advisors specializes in providing first-time CMBS borrowers with the necessary information and guidance to help owners assess their options and feel comfortable and informed every step of the way.

is a correspondent lender for Fannie Mae and Freddie Mac whereby our services are paid by our lending partners enabling Summit to provide our borrower clients with best-in-class service with no originated fees. Fannie Mae and Freddie Mac loans (also known as Agency Loans) generally provide the lowest possible interest rate for owners of multifamily and manufactured housing property owners. Agency loans offer numerous loan term products ranging from 5 to 40-year self-liquidating loan structures. Agency loans also offer interest rate discounts for "green programs" where the borrower is able to qualify for up to a 25 bps decrease in the interest rate coupon as long as the borrower allows the lender to escrow the costs associated with improving the energy efficiency of their apartment communities (i.e. LED lighting, low flow toilets, etc).

has established bridge lending relationships to provide our clients with the necessary bridge loans to meet their goals. Bridge loans can be used in many circumstances. One example is helping a developer/owner who has maxed out his "exposure limits" with their construction lender and needs to create the additional dry powder to develop another property. In this case, Summit can help by refinancing one of their properties with a bridge lender. Other uses include owners who seek additional yield by acquiring properties at C of O (or certificate of occupancy) and need a lender comfortable in financing an unstabilized property.

is a correspondent lender for various Life Insurance Company lenders whereby our services are paid by our lending partners enabling Summit to provide our borrower clients with best-in-class service with no originated fees. Life Insurance company loans in certain circumstances provide the lowest interest rate coupon for commercial deals or specialize in taking more risk than local or regional community banks. Life Insurance companies can typically provide additional flexibility on loan terms and amortization scheduled.