READ: $13.2M Multifamily Refinance Closes in Kentucky
Referred by an existing client, Sweetwater Capital set out to place permanent financing for this 160 unit multifamily property in late 2019. Looking to achieve $12.2MM loan amount, we had a few hurdles to jump through to close the deal. First, we needed to raise the occupancy and revenue. We introduced the borrower to a…
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READ: Cincinnati Multifamily Space Keeps Pace with City Growth
The greater Cincinnati area is among the strongest economies in the region based partly on its population growth. According to the Federal Reserve Bank of Cleveland, jobs grew 2.2 percent from last year, a faster pace than most of the country. This drops the unemployment rate to a 17-year low. Trade, transportation, utilities, hospitality &…
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READ: $43M Refinance at 4.015% Interest Rate
$43MM Refinance at 4.015% Interest Rate for South Carolina Multifamily Asset
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READ: $26M Refinance Provides Additional Funds for New Development
Refinance provides large cash-out to borrower for new development
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READ: Sweetwater Capital Secures Superior Rate & Terms for Downtown Multifamily Property
$13.5 million dollars. 4.33% interest rate. 3 years interest only.
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What’s in a Name?
We regularly find ourselves answering the same question “What do you do?”. Read our short post to learn about what our name, Sweetwater Capital, really means.
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Sweetwater Capital Facilitates $20.5M Construction Loan for Multifamily Property
2019 begins with the placement of a $20.5M construction loan for a new multifamily property in Burlington, NC
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Year of Growth Continues with Company Name Change
We’re growing and evolving as a company. Capstone Capital is now Sweetwater Capital. Welcome!
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$2 Billion Total Loan Volume
We hit a new milestone this year and we can’t wait to share the news! The closing of our 213th loan pushes us over the edge, allowing us to surpass $2 billion in total loan volume closed! “We are positioning ourselves to expand into new markets, but also further into the South, Midwest and Mid-Atlantic,”…
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WATCH: The Commercial Mortgage Broker Advantage
Sourcing debt can be overwhelming & stressful. Watch this video to learn how a commercial mortgage broker can give you the advantage in finding the best financing in the market.
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Client Testimonial
Watch as our repeat client explains how Sweetwater Capital is adding value to his diverse portfolio of assets.
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WATCH: Funding Your Growth
Let Jackson Howard guide you through our strategy to help fund your growth.
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Major US Rates
We aim to always provide you with the most up to date information to help you select the best financing options to reach your goals.
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Sweetwater Capital Increases Market Reach by Opening Cincinnati Office
We are continuing to grow with the addition of a new regional office and VP of Sales Production. Welcome to the team Stephen!
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Get to know Sweetwater Capital
Get to know Sweetwater Capital and learn how we deliver the best results in the marketplace.
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Clemons Lofts Deal Further Expands Sweetwater Capital’s Reach
Sweetwater Capital is continuing to strengthen its first quarter with the loan closing of Clemons Lofts, a six-story, mixed-use building in downtown Chattanooga, Tennessee. “The borrower was shaking up the status quo by taking a stabilized multifamily property and converting it to a short-term rental property,” said Scott Yerkes, Sweetwater Capital vice president. “Without existing…
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Sweetwater Capital Closes 200th Commercial Loan
Sweetwater Capital achieved a significant milestone this week with the loan closing of Creekside at Sixth Apartments in Lillington, North Carolina. Creekside at Sixth marks the 200th loan for the commercial mortgage brokerage company for nearly $1.9 billion in loan volume. With ten accomplished years to celebrate, Sweetwater Capital is entering a new phase of…
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Looking Forward to 2018
Read through Jackson Howard’s responses to what 2018 holds for commercial real estate investors and lending strategies with the new year. 1. What is the biggest challenge you anticipate in 2018 as a direct lender or financial intermediary in commercial real estate? Where do you see the biggest opportunity for your company in 2018? Toward…
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Recycling Cash – How to Become a Serial Multifamily Developer
There is a process to use the same initial investment to build apartment communities over and over again, utilizing a refinancing strategy used by Serial Multifamily Developers. My team works closely with developers of apartment communities to obtain construction loans with banks and permanent loans through Fannie Mae and CMBS “Conduit Lenders”. Our expertise is…
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Construction Dollars Are Vanishing in Today’s Commercial Lending Landscape
Regulators, including The Federal Reserve, have put pressure on commercial banks to reduce the amount of construction loan dollars available to commercial real estate developers. Yet the demand for new construction lending remains strong. Developers want to see their visions come to fruition, thus alternative solutions are essential in order to fill this void left…
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Sweetwater closes $15 Million Loan in Louisville, KY
Louisville, KY – Sweetwater Capital is excited to announce the recent cash-out refinance of a 362-unit multifamily community in Louisville, KY on September 23, 2016. The owners purchased the property in May 2014 for $5,500,000. At the time of purchase, the property was in rough shape, with approximately 90 units that were completely boarded up.…
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Green Building? Save Green
Recently, Fannie Mae announced new programs to promote green building in the multifamily industry. The Fannie Mae Green Initiative can be used to increase loan proceeds and lower the interest rate on your loan. For years green building requirements have been far too costly to be practical, but the new requirements for green designations are…
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Sweetwater Capital closes $42MM loan in Greenville, NC
Greenville, NC – Sweetwater Capital is pleased to announce the recent refinancing of The Boundary at West End, a “best in class” four and five-story, mixed used development that provides 550 beds of student housing to students attending East Carolina University along with 9,500 square feet of retail space on the first floor. This beautiful…
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