Domestic and International Financing Program

Loan amounts: 5,000,000 and above, all size projects that are 5,000,000 and above can be considered.

Geographic: USA and Internationally based projects can be reviewed.

Types of projects: Real estate, energy, and all type of infrastructure projects. Types of projects can include residential and commercial real estate development, hospitality and medical related facilities, power plants, oil and gas mining projects, infrastructure projects such as tunnels and railroads and other large scale projects that are needed throughout the world.

Terms and conditions: That is dependent upon the specific project and the perceived risk of the project.

Please e-mail us a summary of your project.

ATTENTION: DEVELOPERS

100% FINANCING NOW AVAILABLE

Pre-Leasing :  Not required

Property Type(s):  All property types are eligible under this program including apartments, condos, hotels, motels, office buildings, resorts, golf courses, and a wide variety of commercial and residential developments.

Geography:  Nationwide USA, Canada, Mexico, and other countries considered.

Minimum Deal Size (all-in cost):  $5,000,000

Maximum deal size (all-in cost):   $750,000,000

Development Type:  All types of residential and commercial developments are considered under this financing program including hotel resort projects and speculative residential and commercial projects and rehab deals.

Timing:  Maximum Five (5) Year Hold Period.

We are seeking developers and investors who have a successful track history and can demonstrate a successful history in residential and commercial development as well as real estate investing.

INVESTMENT PROPERTIES MORTGAGE LOAN PROGRAM -

PRINT OUT AND FAX OR E-MAIL INVESTMENT PROPERTIES MORTGAGE LOAN APPLICATION (in Word)
                                                                    or in Adobe Acrobat format

Property Types:

-  Office / Medical / Apartment properties / Industrial buildings / Retail centers / Warehouse properties / Mobile home parks / Self Storage

Loan Amounts: $1,000,000 - $20,000,000

 Terms: 10 to 25 year term mortgages dependent on property type.

 Amortization: Up to 30 years.

 Property types: Apartments and commercial income producing properties.

 Loan Types: Fixed and variable rate loans for property acquisition, refinance, and permanent financing.

 Loan to Value (LTV): Up to 80% LTV: $1,000,000 to $3,000,000.

                                    Up to 85% LTV on apartments, office properties or anchored retail, $3,000,000          
        and above up to 20,000,000.

Recourse: NON RECOURSE

Origination Fees: PAR RATES   NO POINTS  FOR THIS SPECIFIC LOAN PROGRAM ONLY.                

Rates: 10 yr fixed rate w/ 30 year am:
           - Apartments: as low as 5.2% (10yr T + 100 bp – 145 bp)
           - Commercial: as low as 5.6% (10yr T + 140 bp – 170 bp)

Pre-qualification: 72 hrs

Commitment Letter: Within 7-10 days of receipt of complete loan package

Funding: 30 to 45 days from Commitment Letter

NOTE: For the investment properties loan program only:

-  No seller carry or secondary financing permitted for this specific loan program

-  No restaurant, hotel/motel, auto related or land loans for this specific loan program

-  No construction loans under this specific loan program
PRINT OUT AND FAX OR E-MAIL INVESTMENT PROPERTIES MORTGAGE LOAN APPLICATION (in Word)
                                                                    or in Adobe Acrobat format
 

FLAGGED HOTEL / MOTEL PROPERTIES

Quality Properties and Borrowers

Loan Amounts:          $2,000,000 - $10,000,000

Term / Am:                  10 year term with 25 year amortization

Loan Types:               10 year fixed rate loans for property acquisition and refinance 

Loan to Value (LTV): 70 precent maximum for purchase or refinance (no cash out). 65% maximum if cash out refinance unless being used to enhance value of property.

Recourse:                  Full recourse for this particular program, non recourse loans may be available at different rate, terms and conditions and may have yield maintenance prepayment penalties, this particular program have different prepayment penalty scenarios are dependent upon the specific project.

Origination Fees:      NONE

Loan Fees:                 2 to 4 points

Rates:                         10 yr fixed rate w/ 25 year am: 6.5% to 7.5%

Pre-qualification:      Completion of our loan submission form, once reviewed and there is interest the documentation below  will be requested.

Click here for Loan Submission Form, please complete and
e-mail or fax back to us so we can review your project (in Word).
or in Adobe Acrobat format

Commitment Letter: Within 7-10 days of receipt of complete loan package.

Funding:                     30 to 45 days from Commitment Letter.

NOTE:  

-     Good credit and cash flow. DCR: 1.3 minimum.

-          Established properties only. No turnarounds, startups or construction.

-          Value based on lower of purchase price or appraisal, if purchase.

-          Borrower must be experienced or hire recognized hotel management company.

Please note that we have other hotel/motel financing programs that will review turnarounds, both franchised and non franchised hotels and motels, rates and terms are subject to change and underwriting.

NEEDED TO PRE-QUALIFY:

-          Last 3 years property tax returns.

-          Year-to-date financial statements.

-          Current credit bureau with FICO on Borrowers.

-          Executive Summary from latest appraisal.

-          Current Personal Financial Statements for Borrowers.

-          Latest personal tax returns from Borrowers.

-          Digital photos of property, or web site with photos.

-          Last 3 years occupancy annual reports.

-          Year to date occupancy monthly reports.

-          Amount of loan request.

-          Detailed use of funds.

Commercial Bridge and Construction Loan Program

$3,000,000 to $25,000,000

Nationwide

Bridge Loan Financing

$2,000,000 to $75,000,000

 Program Guide

Project Types:           Interim financing used to complete a time sensitive transaction, to reposition or renovate existing properties, or to overcome temporary credit or property challenges that make the transaction unsuitable for traditional lenders. Virtually any income producing property, including retail, office, medical, apartments, industrial/flex or special purpose properties. The primary considerations for bridge loan financing are the LTV and a compelling exit (repayment) strategy.

Loan Amounts:          $2,000,000 - $75,000,000

Terms:                        12 to 36 months

Amortization:              Interest Only   

Use of Proceeds:      Property conversion or renovation or other need

Loan to Value:           50% to 90% depending on project specifics and deal strength

Recourse:                  Typically, Yes.

Interest Rate:            As low as Prime + 1.5%, depending on transaction strength

Loan Fees:                 Dependent on deal strength

Term Sheet/LOI:         3-5 days from receipt of all requested information

OWNER USER PROPERTIES

Conventional Loan Programs

(Not SBA)

Property Types;

-          Office / medical                                    - Restaurants

-          Industrial buildings                               - Auto related

-          Retail properties                                  - gas station/C-store

-          Warehouse properties                         - other special purpose

Loan Amounts:          $1,000,000 - $30,000,000

Terms/Ams:                15/30, 20/20 and 25/25 (>$2 mil)  

Loan Types:               ARM and Fixed rate loans for property acquisition, refinance and construction

Loan to Value (LTV): * Multi-use properties: 85% LTV. To 100% LTV with Seller financing or other real estate equity as additional collateral. 

** Special Purpose Properties: 65% - 75% LTV. To 85% LTV with Seller financing or other real estate equity as additional collateral.  

Recourse:                  Yes

Loan Fees:                 0 – 1 point, dependent of deal strength

Interest Rates:          Qtrly Adj:   Prime to P + 1.5%

                                    5 yr fixed:   P + 1.0% – 2.5%

10 yr fixed: P + 1.4% – 2.8%

                                    20 yr fixed: P + 1.75% - 3.25%

                                    25 yr fixed: P + 1.85% - 3.45%

                                    Note: rates are subject to underwriting approval and may change

                                             without notice.

Pre-Qualification:      72 hrs

Commitment Letter: within 7-10 days of receipt of complete loan package

Funding:                     30 to 45 days from Commitment Letter

NOTE: 

-          Seller carry may be permitted.

-          Construction loans: all interest and principal accrues during construction

-          Prepay Policy: 5/5/4/3/3 

-          Owner Occupancy: 25% minimum. Must have cash flow without rental income.

Nationwide

Commercial Real Estate Development

Land, Construction and Joint Venture Financing

 Program Guide

Borrowers:                Experienced investors and commercial developers with demonstrated track record comparable to current project.

Project Types:           Commercial, retail, office, industrial/flex, residential subdivision, planned communities, golf course communities, condominium and condo conversions. Rehab projects and Special Situation projects considered.

Loan Amounts:          $5,000,000 - $75,000,000

Terms:                        12 to 36 months, or longer depending on project

Amortization:              Interest Only

Use of Proceeds:      Total project financing, debt or JV equity for land acquisition, refinance for infrastructure completion and vertical construction

Loan to Cost:             50% to 100% depending on deal strength

Interest Rates:          As low as Prime + 1.5%, depending on deal strength

Recourse:                 Typically, Yes.  Non-recourse considered.

Loan Fees:                Dependent in deal strength

Term Sheet/LOI:        3-5 days from receipt of all required information  

Commitment Letter: Within 7-10 days of receipt of complete loan package

Funding:                     30 to 45 days from Commitment Letter. Faster as needed.