While some lenders host golf tournaments, Noam Ganel, CFA and the team at Silvergate Bank build cutting edge technology so that you will have an unparalleled banking experience.

Big bank financial capabilities.
Small bank customer service.

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Streamlined process.
Certainty of execution.
Market expertise.

recent commercial real
estate Loans closed

As of October 30, 2018 (updated every quarter)

Acquisition Financing
10-year hybrid

40,753 SF Industrial Property
San Diego, CA 
November 2018

This was a 66% loan to cost with a 12 month interest only period period to allow customer to perform tenant improvements on the property. The property was 89% occupied at the time of purchase. Our customer is a reputable value-add real estate fund that that owns and manages over 1.4 million SF. Loan was closed in 34 days.

Cash Out Refinance
7-year fixed loan

Portfolio of 3 MFR Properties
San Diego, CA 
October 2018

Our customer had bought the MFR properties in the late 90s and wanted to recapitalize investors. Silvergate provided a $2.1 million cash out and a non-recourse loan due to the ownership structure of the customer. Our loan represented less than 50% LTV. Loan was closed in 41 days.

Acquisition financing
10-year loan (reset at year 6)

80,462 SF Office
Santa Fe Springs, CA 
September 2018

Total purchase price was $12.6 million and Silvergate financed 66% of the purchase. Our loan features the option to prepay up to 20% of the principal balance without any fees. Customer is an experienced developer and a high net worth individual. Loan was closed in 38 days.

Purchase of a pool of
multifamily, performing loans

18 loans
Average loan of $916,000
All performing loans
September 2018

Silvergate purchased a portfolio performing, multifamily loans from a regional bank. The weighted average LTV was 48% and the DSCR was 1.54 times. Primarily located in Northern California, the average seasoning of the loans was 3 months. Portfolio was purchased in 34 days.

Loan Features

Loans available up to $24 million
3-, 5- and 7-year fixed loan options
Award winning service and customer care
Step down prepayment, no yield maintenance
Out of the box, customized term and structure
45 day rate-locks available, no extra cost
Interest only and non recourse options available - on a case by case basis
No loan origination fee, no lender fee

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