All Discussions Tagged '#investor' - Real Estate Finance2024-03-29T13:32:45Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=%23investor&feed=yes&xn_auth=noFamily office FAST LOANS!tag:realestatefinance.ning.com,2023-09-02:6517464:Topic:4935182023-09-02T04:16:02.485ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p>Family office is making <a href="http://eriefund.com/" rel="noopener" target="_blank">commercial real estate loans</a>.<br></br> <br></br><strong>We can work with seller 2nds</strong> of 30 to 40%, borrower equity of 10% to 20%</p>
<p>Anything that comes out to a 60% LTV combined seller hold and buyer equity. Up to 70% LTV available.</p>
<p>Usually we can work with any appraisal or BPO - that you already have. At times we don’t need an appraisal at all.</p>
<p><strong>Close in a week</strong> if no…</p>
<p>Family office is making <a href="http://eriefund.com/" target="_blank" rel="noopener">commercial real estate loans</a>.<br/> <br/><strong>We can work with seller 2nds</strong> of 30 to 40%, borrower equity of 10% to 20%</p>
<p>Anything that comes out to a 60% LTV combined seller hold and buyer equity. Up to 70% LTV available.</p>
<p>Usually we can work with any appraisal or BPO - that you already have. At times we don’t need an appraisal at all.</p>
<p><strong>Close in a week</strong> if no problems.<br/> <br/>0 to 2 points lender origination.</p>
<p>1 to 2 points broker origination max.</p>
<p><strong>Absolutely zero up front fees.</strong><br/> <br/>10 to 12% interest only with balloon.</p>
<p>12 month term. Max 6 months prepay period.<br/> <br/>No land at this time.<br/> <br/>Brokers protected. No broker chains PLEASE! If there is a broker chain, we don’t want to know about it.<br/> <br/>loan@eriefund.com 440-637-5646</p> Purchase, Rehab, Construction, Multi Family, 30 year rental loanstag:realestatefinance.ning.com,2023-08-06:6517464:Topic:4916702023-08-06T04:27:51.437ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><font face="Arial"><font size="3"><b><span><a href="http://michaellewisgroup.com/" rel="noopener" target="_blank">Purchase & Rehab</a> (1-8 unit) (Exit is a Flip or Refi):</span></b></font></font></p>
<p><span><font face="ArialMT"><font size="3">1-</font></font><font face="Arial"><font size="3"><i>8 unit</i></font></font> <font face="Arial"><font size="3"><b>residential</b></font></font> <font face="Arial"><font size="3"><i>and mixed-use properties…</i></font></font></span></p>
<p><font face="Arial"><font size="3"><b><span><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">Purchase & Rehab</a> (1-8 unit) (Exit is a Flip or Refi):</span></b></font></font></p>
<p><span><font face="ArialMT"><font size="3">1-</font></font><font face="Arial"><font size="3"><i>8 unit</i></font></font> <font face="Arial"><font size="3"><b>residential</b></font></font> <font face="Arial"><font size="3"><i>and mixed-use properties</i></font></font> <font face="ArialMT"><font size="3">(min 75% residential & non-residential no restaurant or bar)</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">Min.$50K; Max $1MM</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">Either</font></font> <font face="Arial"><font size="3"><b>100% of purchase & rehab</b></font></font> <font face="ArialMT"><font size="3">OR 65-70% of ARV, whichever is less (65% of the ARV if LESS THAN 3 completed purchase & rehabs</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">New investors okay on 1-4 unit loans (we restrict the rehab budget to $50k for new investors)</font></font></span></p>
<p><span><font face="Arial"><font size="3"><i>75% of ARV available for 3+ experience the last 3 years,</i></font></font></span></p>
<p><span><font face="Arial"><font size="3"><i>700+ mid</i></font></font></span></p>
<p><span><font face="Arial"><font size="3"><i>$500K min.</i></font></font></span></p>
<p><span><font face="Arial"><font size="3"><i>1-4 units</i></font></font></span></p>
<p><span><font face="Arial"><font size="3"><b><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">Ground-up Construction Loan</a> (1- 8 unit)</b></font></font><font face="ArialMT"><font size="3">:</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">1-8 unit</font></font> <font face="Arial"><font size="3"><b>residential properties</b></font></font> <font face="ArialMT"><font size="3">and mixed-use properties (at least 75% residential & non-res can't be a restaurant or bar)</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">Min. loan is $50K</font></font></span></p>
<p><span><font face="ArialMT"><font size="3">Max loan is $1MM</font></font></span></p>
<p><span><font face="Arial"><font size="3"><b>70% of the lot value and 100% of the vertical construction</b></font></font> <font face="ArialMT"><font size="3">OR 65-70% of ARV, whichever is less (65% if client has less than 3 ground-up builds in the last 12 months)</font></font></span></p>
<p><font face="ArialMT"><font size="3"><span>New investors are okay - must have completed at least 3+ builds in the last 12 months.</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>The same applies to builders – 3 / 12 mo.</span></font></font></p>
<p><span><font face="ArialMT"><font size="3"><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">9-20 Unit Multifamily Loan</a>:</font></font></span></p>
<p><font face="ArialMT"><font size="3"><span>85% of purchase</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>100% of rehab OR 65% of ARV</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Investors with multifamily experience</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Min. loan $250K; max loan $2.5MM</span></font></font></p>
<p><span><font face="Arial"><font size="3"><b><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">30 Year Rental Loan</a> (1-4 units)</b></font></font><font face="ArialMT"><font size="3">:</font></font></span></p>
<p><font face="ArialMT"><font size="3"><span>Mid-FICO of 680+- will consider down to 660 mid-FICO</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Min. loan $75K, min. property value is $100K</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>NO rural properties</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Max LTV on Cash Out Refi's 70%-75%</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Must have ownership of at least 6 months to use current value in loan calculations</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>Must have a tenant lease NO rooming houses NO short-term rentals (Air BNB's)</span></font></font></p>
<p><font face="ArialMT"><font size="3"><span>NO condos Must be under 3 acres of yard space</span></font></font></p>
<p><br/><br/></p>
<p><font face="ArialMT"><font size="3"><span><a href="mailto:info@michaellewisgroup.com">info@michaellewisgroup.com</a> 440-637-5646</span></font></font></p> $20mm + Line of Credit for CRE developers and investorstag:realestatefinance.ning.com,2023-07-21:6517464:Topic:4919022023-07-21T19:18:21.947ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><font face="Arial, sans-serif"><font size="2"><b><span>Type</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Line of Credit - Major U.S. Bank Trust</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>In-Specific</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Master Line of Credit, Project-Specific LOC, or Business Expansion LOC…</span></font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Type</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Line of Credit - Major U.S. Bank Trust</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>In-Specific</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Master Line of Credit, Project-Specific LOC, or Business Expansion LOC</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Purpose</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Acquisition, Refinance, Ground-up Development, and/or Business Expansion</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Asset Class</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Anything Commercial Real Estate or Business.</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><b><span>Will work with C PACE</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>.</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>100% LTC Loan Amount</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: $20MM- to over $2B (no syndication needed)</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Geography</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: United States and</span></font></font> <font face="ArialMT, sans-serif"><font size="2"><i><b><span>Select</span></b></i></font></font> <font face="ArialMT, sans-serif"><font size="2"><span>International Locations</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Rate</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: 6.5-8% interest only</span></font></font> <font face="Arial, sans-serif"><font size="2"><b><span>(Subject to change) As of July 2023 rate is 8.5%</span></b></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Term</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: 60 months; optional 1-year extension at no cost within notification period</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><b><span>Non-recourse</span></b></font></font> <font face="ArialMT, sans-serif"><font size="2"><span>(standard bad boy carve-outs)</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><span>No Prepayment Penalty</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2">If sponsor doesn't have 20% FO / TRUST can kick in 10% for an equity position .</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">Or, we can bring in a CoGP, LP or PE partner.</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">For experienced developers.</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">Michael Lewis Group – info@michaellewisgroup.com – Tel: 440-637-5646</font></font></p> $20mm + Line of Credit for CRE developers and investorstag:realestatefinance.ning.com,2023-07-21:6517464:Topic:4913482023-07-21T19:16:22.467ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><font face="Arial, sans-serif"><font size="2"><b><span>Type</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Line of Credit - Major U.S. Bank Trust</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>In-Specific</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Master Line of Credit, Project-Specific LOC, or Business Expansion LOC…</span></font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Type</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Line of Credit - Major U.S. Bank Trust</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>In-Specific</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Master Line of Credit, Project-Specific LOC, or Business Expansion LOC</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Purpose</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Acquisition, Refinance, Ground-up Development, and/or Business Expansion</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Asset Class</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: Anything Commercial Real Estate or Business.</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><b><span>Will work with C PACE</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>.</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>100% LTC Loan Amount</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: $20MM- to over $2B (no syndication needed)</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Geography</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: United States and</span></font></font> <font face="ArialMT, sans-serif"><font size="2"><i><b><span>Select</span></b></i></font></font> <font face="ArialMT, sans-serif"><font size="2"><span>International Locations</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Rate</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: 6.5-8% interest only</span></font></font> <font face="Arial, sans-serif"><font size="2"><b><span>(Subject to change) As of July 2023 rate is 8.5%</span></b></font></font></p>
<p><font face="Arial, sans-serif"><font size="2"><b><span>Term</span></b></font></font><font face="ArialMT, sans-serif"><font size="2"><span>: 60 months; optional 1-year extension at no cost within notification period</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><b><span>Non-recourse</span></b></font></font> <font face="ArialMT, sans-serif"><font size="2"><span>(standard bad boy carve-outs)</span></font></font></p>
<p><font face="ArialMT, sans-serif"><font size="2"><span>No Prepayment Penalty</span></font></font></p>
<p><font face="Arial, sans-serif"><font size="2">If sponsor doesn't have 20% FO / TRUST can kick in 10% for an equity position .</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">Or, we can bring in a CoGP, LP or PE partner.</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">For experienced developers.</font></font></p>
<p></p>
<p><font face="Arial, sans-serif"><font size="2">Michael Lewis Group – info@michaellewisgroup.com – Tel: 440-637-5646</font></font></p> Family office that wants to make commercial real estate loanstag:realestatefinance.ning.com,2023-07-18:6517464:Topic:4907972023-07-18T05:19:17.265ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><span>We're working with a <strong>family office that wants to make <a href="http://michaellewisgroup.com/index.html" rel="nofollow noopener" target="_blank">commercial real estate loans</a></strong> in amounts ranging from $300,000 to $5,000,000 or so.</span></p>
<p><span>USA - <strong>Most commercial proprty types - </strong><strong>Acquisition - Refinance - Rehab …</strong></span></p>
<p></p>
<p><span>We're working with a <strong>family office that wants to make <a rel="nofollow noopener" href="http://michaellewisgroup.com/index.html" target="_blank">commercial real estate loans</a></strong> in amounts ranging from $300,000 to $5,000,000 or so.</span></p>
<p><span>USA - <strong>Most commercial proprty types - </strong><strong>Acquisition - Refinance - Rehab </strong></span></p>
<p><span><strong><a rel="nofollow noopener" href="http://michaellewisgroup.com/100percent-NNN-funding.html" target="_blank">Construction and land acquisition loans</a> ONLY for pre leased NNN development for credit rated tenants.</strong></span></p>
<p><strong><a rel="nofollow" href="http://michaellewisgroup.com/100percent-NNN-funding.html">NNN commercial property loans up to 100% funding</a>.</strong></p>
<p>10-12% rate +/- </p>
<p>0 to 2 points lender origination</p>
<p>1 to 2 points broker </p>
<p>12 months average term for most<span> </span><a rel="nofollow noopener" href="http://michaellewisgroup.com/index.html" target="_blank">commercial property loans</a></p>
<p>50% to 65% LTV +/-</p>
<p>FAST close - 1 man makes the decision</p>
<p><a rel="nofollow noopener" href="http://michaellewisgroup.com/" target="_blank">Commercial real estate bridge loans</a></p>
<p><span><strong>NO UP FRONT FEES! NONE!</strong></span></p>
<p><span>We can co-broker with other loan facilitators on an equal 50/50 split.</span></p>
<p><span><a rel="nofollow noopener" href="mailto:info@michaellewisgroup.com" target="_blank">info@michaellewisgroup.com</a> 440-637-5646</span></p> Family office that wants to make commercial real estate loanstag:realestatefinance.ning.com,2023-07-18:6517464:Topic:4909762023-07-18T05:12:58.759ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><span style="font-size: 14pt;">We're working with a <strong>family office that wants to make <a href="http://michaellewisgroup.com/index.html" rel="nofollow noopener" target="_blank">commercial real estate loans</a></strong> in amounts ranging from $300,000 to $5,000,000 or so.</span></p>
<p><span style="font-size: 12pt;">USA - <strong>Most commercial proprty types - </strong><strong>Acquisition - Refinance - Rehab …</strong></span></p>
<p></p>
<p><span style="font-size: 14pt;">We're working with a <strong>family office that wants to make <a rel="nofollow noopener" href="http://michaellewisgroup.com/index.html" target="_blank">commercial real estate loans</a></strong> in amounts ranging from $300,000 to $5,000,000 or so.</span></p>
<p><span style="font-size: 12pt;">USA - <strong>Most commercial proprty types - </strong><strong>Acquisition - Refinance - Rehab </strong></span></p>
<p><span style="font-size: 12pt;"><strong><a href="http://michaellewisgroup.com/100percent-NNN-funding.html" target="_blank" rel="noopener">Construction and land acquisition loans</a> ONLY for pre leased NNN development for credit rated tenants.</strong></span></p>
<p><strong><a href="http://michaellewisgroup.com/100percent-NNN-funding.html">NNN commercial property loans up to 100% funding</a>.</strong></p>
<p>10-12% rate +/- </p>
<p>0 to 2 points lender origination</p>
<p>1 to 2 points broker </p>
<p>12 months average term for most<span> </span><a rel="nofollow noopener" href="http://michaellewisgroup.com/index.html" target="_blank">commercial property loans</a></p>
<p>50% to 65% LTV +/-</p>
<p>FAST close - 1 man makes the decision</p>
<p><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">Commercial real estate bridge loans</a></p>
<p><span style="font-size: 12pt;"><strong>NO UP FRONT FEES!</strong></span></p>
<p><span>We can co-broker with other loan facilitators on an equal 50/50 split.</span></p>
<p><span><a rel="nofollow noopener" href="mailto:info@michaellewisgroup.com" target="_blank">info@michaellewisgroup.com</a> 440-637-5646</span></p> Family Office seeks to place capital.tag:realestatefinance.ning.com,2023-06-26:6517464:Topic:4902862023-06-26T21:42:30.596ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p></p>
<p>Family Office seeks to place capital.</p>
<p>FAST bridge loans $500,000 - %5,000,000</p>
<p>Acquisition - Refinance - Rehab - Construction</p>
<p>12 month term</p>
<p>10% to 12% rate Interest Only</p>
<p>Up to 80% LTV</p>
<p>Full and Non Recourse available</p>
<p>USA</p>
<p>Ask about 100% financing for pre leased NNN developments with credit rated tenants.…</p>
<p></p>
<p></p>
<p>Family Office seeks to place capital.</p>
<p>FAST bridge loans $500,000 - %5,000,000</p>
<p>Acquisition - Refinance - Rehab - Construction</p>
<p>12 month term</p>
<p>10% to 12% rate Interest Only</p>
<p>Up to 80% LTV</p>
<p>Full and Non Recourse available</p>
<p>USA</p>
<p>Ask about 100% financing for pre leased NNN developments with credit rated tenants.</p>
<p><a href="http://michaellewisgroup.com/100percent-NNN-funding.html">http://michaellewisgroup.com/100percent-NNN-funding.html</a></p>
<p>Mike Lewis</p>
<p>PRIMARY NUMBER USE:<br/>cell/voicemail: 440-637-5646</p>
<p>info@michaellewisgroup.com</p>
<p><a href="http://www.linkedin.com/in/cigarmike">www.linkedin.com/in/cigarmike</a></p>
<p>Veteran Owned</p>
<p>Michael Lewis Group Commercial real estate loans<br/> <br/><a href="http://michaellewisgroup.com/index.html">http://michaellewisgroup.com/index.html</a></p>
<p>We Will co-broker on an even 50 / 50 split.</p> 100% financing for Pre leased NNN developmentstag:realestatefinance.ning.com,2023-06-03:6517464:Topic:4892002023-06-03T16:55:49.816ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p><font color="#00000A"><font size="2">We put this custom structure together with a family office for NNN developers.</font></font></p>
<p><font color="#00000A"><font size="2"><a href="http://michaellewisgroup.com/" rel="noopener" target="_blank">100% financing for Pre leased NNN developments</a> with credit rated tenants.</font></font></p>
<ul>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">10% To 12% Base Rate, Floating.…</font></font></font></p>
</li>
<li><p></p>
</li>
</ul>
<p><font color="#00000A"><font size="2">We put this custom structure together with a family office for NNN developers.</font></font></p>
<p><font color="#00000A"><font size="2"><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">100% financing for Pre leased NNN developments</a> with credit rated tenants.</font></font></p>
<ul>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">10% To 12% Base Rate, Floating.</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">No lender participation.</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">1-2 Points In - to Lender</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">0- 1 Point Out - to Lender</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">You will need at least a 1.5% spread between the yield on cost and the exit cap rate.</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">Lenders need to see a clear path to an exit.</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">Full Guaranties until rent commencement</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">I will charge 1%</font></font></font></p>
</li>
<li><p><font color="#434343"><font color="#00000A">“<font face="Verdana, serif"><font size="3"><font face="Calibri, serif"><font size="2">Bad Boys”</font></font></font></font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">Limitations on Development Fees until CO</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">Typical collateral:</font></font></font></p>
<ul>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">First Deed Of Trust</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">Assignment of Rents</font></font></font></p>
</li>
<li><p><font color="#00000A"><font face="Calibri, serif"><font size="2">UCCs, Etc.</font></font></font></p>
</li>
</ul>
</li>
</ul>
<p>The developer will need to demonstrate the financial capacity, including the ability to cover cost over runs, to get this to commitment. To proceed, I need project proformas and 2 years’ PFS of the developer, comps, ProForma. The money is paid out in draws either monthly or as benchmarks are reached. Notice we've kept origination to a minimum. If you're a broker please don't ask for more than a point. We're looking to get repeat business from developers.</p>
<p><font face="Verdana, serif">Overview in detail</font></p>
<p>The loan can be for the total project cost so long as the loan does not exceed 80% of the eventual value.</p>
<p>For credit rated, pre-leased, “household-name” development, assume the loan will be 100% of cost not to exceed 80% of ultimate value.</p>
<p>Recourse is negotiable.</p>
<p>The borrower will never be relieved from recourse for construction completion, environmental nor “bad boy” clauses.</p>
<p>There must be a clear path to exit.</p>
<p>The lenders want to charge a point going in and same at exit. (Everything is negotiable.)</p>
<p>Usually 18-24 -month term; can pay off sooner. Term can be extended at a charge.</p>
<p>The lenders want to establish a credit facility, not just do one-off.</p>
<p>The lenders must understand (be able to predict) the exit cap rate w/in a narrow range.</p>
<p>Usually, there is a about a two-point spread between yield on cost (NOI ÷ Total Cost) and exit cap rate (NOI ÷ Sales Price or Value). A 1.5% spread could be enough.</p>
<p>No dollar limit.</p>
<p>Anywhere in the USA and Eastern Canada.</p>
<p><span>nnn@michaellewisgroup.com</span></p>
<p><span>440-637-5646</span></p>
<p></p> 2 Commercial Loan Programs. 1 we ARE the direct lender, the other we are direct TO lendertag:realestatefinance.ning.com,2023-05-12:6517464:Topic:4882922023-05-12T19:45:47.901ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p>2 Commercial Loan Programs.</p>
<p>1 we ARE the direct lender, the other we are direct TO lender and we get 1 point on top of lender origination.<br></br> <br></br> <br></br><span><strong>Direct lender:</strong></span><br></br> <br></br><span><a href="http://michaellewisgroup.com/" rel="noopener" target="_blank">Bridge loans</a> 12/3 . Max loan $1MM. 12 month term. 3 month PPP. 70% max LTV</span></p>
<p><span>NO PROPERTY TYPE RESTRICTIONS.</span> <br></br><span>COMMON SENSE LOANS.. IF WE THINK YOU CAN PAYOFF, WE DO…</span></p>
<p>2 Commercial Loan Programs.</p>
<p>1 we ARE the direct lender, the other we are direct TO lender and we get 1 point on top of lender origination.<br/> <br/> <br/><span><strong>Direct lender:</strong></span><br/> <br/><span><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">Bridge loans</a> 12/3 . Max loan $1MM. 12 month term. 3 month PPP. 70% max LTV</span></p>
<p><span>NO PROPERTY TYPE RESTRICTIONS.</span> <br/><span>COMMON SENSE LOANS.. IF WE THINK YOU CAN PAYOFF, WE DO THE DEAL.</span></p>
<p><span>No California, Dakotas, Hawaii, Alaska, Louisiana , Nevada .</span></p>
<p><span>Land it would need to be pretty incredible with a clear exit plan.</span></p>
<p><br/><span><strong>Direct TO Lender:</strong></span></p>
<p><span>$3mm - $50mm</span><br/><span>No Dakotas, Hawaii, Alaska, Louisiana , Nevada</span></p>
<p><span>10% to 13% I/O</span><br/><span>Origination Points 3 lender, 1 broker</span><br/><span>6 mo PPP</span><br/><span>12-24 month term</span><br/><span>70% max LTV</span><br/><span>No property type restrictions</span></p>
<p>info@michaellewisgroup.com<br/>440-637-5646</p> 2 Commercial Loan Programs - 1 we are direct lender. 2 We are direct TO lender.tag:realestatefinance.ning.com,2023-05-12:6517464:Topic:4883762023-05-12T19:41:25.062ZMike Lewishttps://realestatefinance.ning.com/profile/MikeLewis
<p>2 Commercial Loan Programs.</p>
<p>1 we ARE the direct lender, the other we are direct TO lender and we get 1 point on top of lender origination.<br></br> <br></br> <br></br><span style="font-size: 14pt;"><strong>Direct lender:</strong></span><br></br> <br></br><span style="font-size: 12pt;"><a href="http://michaellewisgroup.com/" rel="noopener" target="_blank">Bridge loans</a> 12/3 . Max loan $1MM. 12 month term. 3 month PPP. 70% max LTV</span></p>
<p><span style="font-size: 12pt;">NO PROPERTY TYPE…</span></p>
<p>2 Commercial Loan Programs.</p>
<p>1 we ARE the direct lender, the other we are direct TO lender and we get 1 point on top of lender origination.<br/> <br/> <br/><span style="font-size: 14pt;"><strong>Direct lender:</strong></span><br/> <br/><span style="font-size: 12pt;"><a href="http://michaellewisgroup.com/" target="_blank" rel="noopener">Bridge loans</a> 12/3 . Max loan $1MM. 12 month term. 3 month PPP. 70% max LTV</span></p>
<p><span style="font-size: 12pt;">NO PROPERTY TYPE RESTRICTIONS.</span> <br/><span style="font-size: 12pt;">COMMON SENSE LOANS.. IF WE THINK YOU CAN PAYOFF, WE DO THE DEAL.</span></p>
<p><span style="font-size: 12pt;">No California, Dakotas, Hawaii, Alaska, Louisiana , Nevada .</span></p>
<p><span style="font-size: 12pt;">Land it would need to be pretty incredible with a clear exit plan.</span></p>
<p><br/><span style="font-size: 14pt;"><strong>Direct TO Lender:</strong></span></p>
<p><span style="font-size: 14pt;">$3mm - $50mm</span><br/><span style="font-size: 14pt;">No Dakotas, Hawaii, Alaska, Louisiana , Nevada</span></p>
<p><span style="font-size: 14pt;">10% to 13% I/O</span><br/><span style="font-size: 14pt;">Origination Points 3 lender, 1 broker</span><br/><span style="font-size: 14pt;">6 mo PPP</span><br/><span style="font-size: 14pt;">12-24 month term</span><br/><span style="font-size: 14pt;">70% max LTV</span><br/><span style="font-size: 14pt;">No property type restrictions</span></p>
<p>info@michaellewisgroup.com<br/>440-637-5646</p>