Bridge Loans with Private Capital = Expedited Closings

[Jacob Morgner]

 

 

 

Welcome to 2014!

Altoma Fund Management LLC is a California based bridge lender that uses private money from direct debt investors and closely held relationships with debt funds to make loans on:

Commercial Properties, ie: All Asset Classes, Including Special Purpose, Hotel and SFR Portfolio
Single Family Residential Properties, ie: Non Owner Occupied / Business Purpose
Agricultural Properties, ie: Producing Row Crop or Permanent Plantings with Water Resources

We can be a resource to your commercial real estate clients when those borrowers need:

Expedited Closing - 7 to 14 Days
Bridge In Order To Qualify for Permanent Financing
$250k to $20mm+
70% LTV with Higher LTC Being Considered on a Per Loan Basis (1st Lien/Senior Debt)
50% CLTV (2nd Lien/Junior Debt)

Bridge lending is helpful for 1031 or other transactions requiring speed; assets not in a position to qualify for A-Paper, or the borrower cannot qualify based on credit or debt to income ratios, etc.  Our lending criteria is asset based, with asset equity and debt service ability being the main drivers, as opposed to credit or borrower's personal income.

Keep in mind, we also purchase notes, both performing and non-performing, and can purchase notes from sellers who are carrying back paper on properties they've sold.  

We service all of California and provide commercial bridge debt in most US states.  If you have any questions on how we can help your clients with bridge loans to get them into permanent financing, please call us today.

Happy New Year!

Jacob Morgner

Altoma Fund Management, LLC

[e-mail]

209.617.2679