Lender Profile
The Standard

Derivative Logic

StanCorp Mortgage Investors, LLC specializes in smaller commercial real estate loans. Typical loan sizes range from $500,000 to $5 million, but they do have the ability to lend up to $20 million. Typical property types include retail, office, industrial and multi-family properties. Standard originates loans through a network of commercial mortgage banking correspondents. PSRS and Standard have had a long tenured correspondent relationship and PSRS has regularly been a top performing firm for Standard. Furthermore, PSRS services all loan originated for Standard.  

We sat down with a Senior Mortgage Loan Officer at Standard to see how they are responding to current market demand:

-What has Standard's production looked like throughout the first half of 2017?

In 2016 we closed over 600 loans, across the country. Production has been on target and exceeding this year.

-Product type and market preference?

Multi-tenant retail, office, industrial and multi-family.

Southern California has been our top market. We would like to keep money there due to the resiliency of the market.

-Are you concerned with the retail market. IE Big box retailers shrinking and rents on the decline?

Not really. We tend to focus on more “Mom and Pop” type multi-tenant retail properties. We feel that the (strip) malls going under contain more National tenants.

-Why are you winning business over your competition?

We provide credible quotes, and reliable closing, hitting target dates for funding for all deals. Borrowers come back to us often, due to ease of process. All of our loans are fully amortizing, allowing for rate adjustments at the intervals of the borrowers choice. Each renewal costs the borrower nothing. Or, rather than renewing, borrowers can simply payoff their loans at the end of each interval.

-How is your process different than competitors?

We do not require estoppel’s or SNDA’s for multi-tenant. We impound ONLY for property taxes. We rate lock at application and have NO post closing covenants.  

If a deal makes sense we can accept lease rollover and less than stellar tenant credit.

For access to a Standard Corp loan

CONTACT PSRS
Why Work with PSRS
 
  • Non-recourse financing
  • Lock rate at application
  • Terms - Floating Rate to 40 Year Fixed
  • Minimal to no reserve structure
  • Current servicing portfolio of $5.5 Billion – Fast servicing decisions
  • Nationwide coverage in the US on all commercial and multi-family real estate
  • Loan sizes from $1 Million to $100 Million+
PSRS represents 22 life insurance companies, and also works with banks, private capital and other credit facilities seeking investment in real estate secured assets.
We maintain a loan servicing portfolio that includes these life company mortgages, and we are available to provide borrowers with local customer service over the life of the loan.
CONTACT
PSRS Los Angeles
psrs-la@psrs.com
310-471-1911
ABOUT PSRS
Founded in 1972, PSRS is one of the largest privately-held commercial mortgage banking firms in the Western United States.
 
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