Do most life co's only lend on 10M plus loans? Any one that can lend on a 2M loan?
Do most life insurance companies only lend on 10M plus loans? Any one that can lend on a 2M loan?....
Do most life insurance companies only lend on 10M plus loans? Any one that can lend on a 2M loan?....
Career Resources
What's the property?
I'm the undisputed king of middle market deals, lol. PM me.
In all seriousness, I'm a broker, been in lending since the 90's and do deals nationwide across several asset classes.
There are definitely life cos that lend under $10M. There are some that lend $2M and even less, albeit they're not lending this kind of money for downtown offices in a major city, but maybe for a small suburban office in the submarket of that city.
Depends on your relationship with the Lifeco. If this is a one-off/1st deal with them, they'd probably pass, but if you are a borrower they have a history with, then I could see it happening.
Smaller life companies definitely play in the sub $10 million space - StanCorp, Allstate, and State Farm come to mind first.
The big ones (Pru, Met, NYL, TIAA) are the ones that are $25+ million only.
I interviewed with Symetra a few months ago (shitty place/culture and their HR guy is rude and incompetent. Don't work there) and I know that at least for the position I was interviewing at, they primarily did value-add/1-5 MM loans. They also do a lot of business on the east coast which is a little odd because their office is in Seattle.
Hope this helps!
Amet in doloremque alias sunt nobis ratione. Doloribus eveniet non consequatur qui vel. Recusandae libero id corporis esse officia omnis et. Et minus minus vel est. Et est commodi quidem. Accusamus dolorum et in voluptate qui et non quidem.
Quis corrupti nesciunt voluptate accusamus nostrum. Doloribus eos vitae deserunt temporibus cupiditate. Odit ut corporis quos voluptatem. Est molestiae sunt iusto nisi.
Magnam eius earum voluptas rerum ad alias quaerat ad. Eos similique incidunt aut recusandae voluptatem et. Voluptas voluptatem quibusdam quam suscipit.
Est delectus quia est. Totam eveniet et eos mollitia voluptatem. Quam placeat rerum aperiam vero et rerum rerum et. Voluptas provident adipisci aut quos voluptate. Magnam rerum non non. Sit quas tenetur totam rerum minima.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...