Information
Non-Recourse Commercial Lending Program
Program Highlights are as follows:
- Property Type: Multifamily, Office, Retail, Industrial, Self- Storage & Hotel
- LTV: Up to 75% (70% - Hotel)
- Min DSCR: 1.25x (1.50x- Hotel)
- Terms: 5-20 Years
- Amortization: 20-30 Years (IO may be available)
- Recourse: Non-Recourse
- Minimum Loan Amount: $5MM
- Transaction Type: Acquisition or Refinance
Non-Recourse Multifamily/ MHC Lending Program
Program Highlights are as follows:
- Property Type: Multifamily, Mobile Home Community
- LTV: Up to 80%
- Min DSCR: 1.25x
- Terms: 5-30 Years
- Amortization: 20-30 Years (IO may be available)
- Recourse: Non-Recourse
- Minimum Loan Amount: $3MM
- Transaction Type: Acquisition or Refinance
Credit Tenant Lease Financing
Program Highlights are as follows:
- Property Type: Office, Retail, Industrial, Healthcare
- LTV: Up to 100%
- Min DSCR: 1.01x
- Transaction Type: Construction, Acquisition or Refinance
- Forward Rate Lock: Up to 12 months
- Tenants: S&P or Moodys Investment Grade Tenants / NAIC I & II rated tenants.
Commercial Lending Guidelines:
- Purchase, Refinance, or Cashout
- Loan amounts -$1MM to $100MM+
- 90% max LTV
- Hard Money Commercial Loans
- Types of Commercial Properties: Commercial and Industrial office, warehouse, mixed retail with office, developments, Franchise Hotels, Multi-family, restaurants, light manufacturing and industrial, etc.
True Lenders and Investors to Consider for Your Projects
There are a few lenders both debt and equity out in the market right now, here are a few to consider;
- 1. There is 1% deposit European lender through a hedge fund that can close within 45- 60 days once in their program. (this firm has over $300 MM ready to fund).
- 2. There is 10% bond-security 100% funding program, to use as debt that is available from a major firm in NY that can close between 1 week to 90 days just depending on when the client gets into the program. (this firm has over $1 BB ready to fund).
- 3. There is a company that has a buy-sell program also out of NY with over 3000 investors in their network that fits this project as well. (I have a broker associate that just got confirmed with the company. (this firm has unlimited resources)
- 4. Then you have the normal equity guys with their sweet spots in certain areas and will only review projects that meets their box of interest.
- 1. Borrower(s): Company
- 2. Guarantor(s): Company
- 3. Project Name & Address: TBD
- 4. Loan Amount: TBD not including closing cost. (Bank TBD but from "2 to 4% and Broker Fee 3 to 4%" (some based on MIA appraisal and some Inspection Value)
- 5. Use of Fund: TBD
- 6. Loan Amortization: 12 Months up to 20 years but TBD
- 7. Term: 12 months Principal/Interest up to 20 years (with 18 Month Interest Reserve upon closing if needed)
- 8. Doc type: collateral only, some corporate guarantees TBD
- 9. Rate of Interest: (as low as 4.875% to 10% FIXED)
- 10. Loan to Value: up to 70% (Based on Inspection Value)
- 11. Prepayment penalty: None.
All of these programs have different fee structures and it will be our role to work closely with you to bring the right funds-investors to the Client and the fees they commit to the process will cover our time to underwrite the process, submission fees to the lenders and for due diligence of the project to send to the lender.
The terms ranges and are as follows:
Capital Advancement Program
As you know for the over last three years we have specialized in the funding against securities, (stocks, bonds, mutual funds, T-notes and MTN's) and will continue to do so. After extensive research and due diligence we are excited to announce that we have cultivated additional funding resources for other financial instruments. With these additional funding avenues we are now able to assist on the monetization of BG's, SBLC's CD's, Bank Drafts and other financial instruments. We now are also able to offer funding of Development Projects, domestic and foreign.
We are "direct" to a global funding consortium of private lenders and international funding resources including private and public banks located primarily in Europe.
Our goal is to enhance the ability to meet the financial needs of borrowers and financing professionals while building long-lasting strategic alliances for continued ethical business relationships.
As mentioned earlier we will continue to offer funding on securities and MTN's. With the addition of our new funding resources we are better able to offer more monetization options for you and your clients. Thank you and we look forward to working with you in the near future.
There have been some major changes to the SBA's 504 loan program over the past few months, and these changes can have a major impact on your bottom line. What I'm about to tell you isn't exactly a secret, but it's likely been glossed over by many of your competitors leaving you with an amazing opportunity.
The SBA has finally made it possible to refinance existing commercial mortgage debt with SBA 504 loans (something I've been arguing for since 2004). This is big news because it does two things: 1) it helps business owners get their mortgage payments under control, and 2) it gives you a potential new stream of income from both new and old Clients. If you've helped small business owners secure financing for their commercial property in the past, you can now go back to them and sell them on SBA 504 refinancing (and trust me, it's an easy sell when done right).
To help you make the most of this new SBA 504 refi program, I hosted a Training Session this past Wednesday and recorded the whole thing. Were in the process of getting the recorded webinar posted at www.504blog.com, and I've made it possible for you to download the presentation slides there in the meantime. We had 347 people sign up for the original presentation, so I know this is a hot-button topic for lots of mortgage professionals all around the country.