NextPhase Advisors
Minneapolis, Minnesota
NextPhase Advisors was proud to advise a long term client on the successful refinancing of two commercial real estate loans that were close to maturity.
After meeting with the owners to understand the long term objectives for each property, NextPhase Advisors prepared a detailed financing proposal for each property for potential lenders. Because the objectives, loan size and property type were significantly different, a different group of lenders was targeted for each loan.
The financing proposals were submitted to targeted lenders and term sheets were received from every targeted lender. After reviewing the proposals with the owners and further negotiating terms with the finalists, a lender for each property was selected. The successful closing of each loan occurred within 90 days of the first meeting between NextPhase Advisors and the client and the terms of each loan met or exceeded the client's initial objectives.
The Right Lender for Your Next Phase
After the plan is developed, we will prepare a comprehensive financing proposal to present to selected banks and other financing sources that are most likely to contribute to your success. We will provide the information that lenders are looking for, in the way they look for it, to get a timely, complete response. We will review, refine and negotiate proposals and present to you an analysis of the available options, including our insight gained from years of experience, on which option is right for you. We will be with you through the closing of the loan to assure that no roadblocks or last minute "gotchas" get in the way.
Chances are, you didn't get into business to deal with bankers.
We want to do that for you. Whether you are a business owner or real estate investor, we can help. First, we want to know everything there is to know about your business or property, your financing needs and how a lender can help you succeed today and in the next phase. We'll give you our candid, confidential assessment and, together, we will develop a plan to move forward to obtain the optimal financing for the next phase of your business.
When Things Aren't Going Well
Sometime, the next phase may not be the direction that was planned. When a business encounters a downturn, managing its lending relationship can become more than a matter of dollars- it can become a matter of survival. Understanding the lender's objectives is key to negotiating a favorable workout. We will work with you to understand your objectives and be your partner in finding the best resolution possible. Our objective is to turn a negative into the foundation for the next phase of your business. As Winston Churchill once said, "Never let a good crisis go to waste."