LGIS Group (LGIS) offers the first patented solution providing investment grade insurance coverage against foreclosure and deficiency loss for short term commercial real estate loans - replacing the need for a personal guarantee. The Commercial Property Loan Insurance (CPLI) policy from LGIS covers the top 10% to 40% of qualified loan amounts to reduce lender vulnerability to foreclosure losses.
This means bankers will no longer need to secure onerous and uncertain personal guarantees from valued customers to fund their projects. The result: stronger credit, healthier relationships and more deals! LGIS Group, the pioneer of Commercial Property Loan Insurance (CPLI) for the CRE lending industry, was founded by David Eichenblatt. The company's innovative product provides a solution to a problem Eichenblatt identified over the course of his nearly 30 year career as a national real estate investor and developer.
He is also the principal at David Eichenblatt and Company, Real Estate Investments and Development, a firm he founded in 1992.
This means bankers will no longer need to secure onerous and uncertain personal guarantees from valued customers to fund their projects. The result: stronger credit, healthier relationships and more deals! LGIS Group, the pioneer of Commercial Property Loan Insurance (CPLI) for the CRE lending industry, was founded by David Eichenblatt. The company's innovative product provides a solution to a problem Eichenblatt identified over the course of his nearly 30 year career as a national real estate investor and developer.
He is also the principal at David Eichenblatt and Company, Real Estate Investments and Development, a firm he founded in 1992.
Services
With a team of insurance, commercial real estate, and transaction professionals totaling more than 250 years of combined experience, LGIS is the pioneer of Commercial Property Loan Insurance (CPLI) for the CRE lending industry.
LGIS Group offers a proven risk transfer and mitigation strategy that can replace or supplement the personal guarantee for borrowers of typical short term, recourse commercial real estate loans.
Providing significant capital relief to bankers, this empowers them to increase volume and profitability across their CRE portfolios with a competitive advantage.
LGIS Group offers a proven risk transfer and mitigation strategy that can replace or supplement the personal guarantee for borrowers of typical short term, recourse commercial real estate loans.
Providing significant capital relief to bankers, this empowers them to increase volume and profitability across their CRE portfolios with a competitive advantage.
LGIS insures the top, or riskiest, 10% to 40% of the loan, which combined with borrower's equity usually falls below the 50% capitalization target many banks require to forgo a Personal Guarantee.
Policies are supported by a subsidiary of a NYSE S&P A-rated insurance company that is also A.M. Best A (Excellent) financial strength rated.
Premiums are adjustable.
1.50% - 3.75% of the loan amount, depending upon equity amount, preleasing, property type and other real estate factors, such as sponsorship, markets, etc.
Policies are supported by a subsidiary of a NYSE S&P A-rated insurance company that is also A.M. Best A (Excellent) financial strength rated.
Premiums are adjustable.
1.50% - 3.75% of the loan amount, depending upon equity amount, preleasing, property type and other real estate factors, such as sponsorship, markets, etc.
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