Ø Properties: Commercial Real Estate (debt only)
Excluded: Restaurants/Lounges, Gas Stations, Vacant Land, RV Parks, Mining …
Preference: Multifamily (all types), Hotel, Retail, Office Buildings
Ø Locations: Projects located in USA (except CA/HI) and Canada
Ø Loan Types: Acquisition, Refinance, Debt Restructuring, Ground Up Construction
Ø Loan Amount: $5M – $100M ($3M - $100M in Canada)
Preference: $10M - $35M
Ø LTV Amount: 65%
Ø Typical Rates: 8% – 11%
Ø Typical Points: 3 – 5
Ø Typical Terms: 1 – 3 Years
Ø Payments: Interest Only (paid monthly)
Ø Required: 1st Lien Holder, CRE Collateral, Full Recourse/Personal Guarantees
Ø Other: NO Prepayment Penalty, NO Upfront Fees, NO Interest Reserves
Ø NO Credit Check
Ø NO Audited Financials
Ø NO Tax Returns
Ø NO New Appraisal
What is required in order to aid in the closing of funding requests?
Ø Executive Summary of Project
Ø Strong Personal Financial Statement(s) of all Equity Partners
o Resumes of all Equity Partners
o Strong Business Financials (if applicable)
Ø 35% Equity (made up of new cash, but can also include current project equity, a 2nd mortgage held by seller and/or cross-collateralization of other owned commercial real estate projects)
Ø Income Producing Properties (if purchase or refinance)
Ø Past 2 Years and Current P&L / Balance Sheets
Ø Rent Roll and Prior Phase 1 Environmental (if multifamily)
Ø Prior Appraisal or BPO
Ø Purchase Agreement (if purchase)
Ø Site Plan, Detailed “Use of Funds” Breakdown, Construction Contract, Contractors Resume (if ground up construction)
Ø Exit Strategy
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Need Money For Your Business? We Can Help…
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Get Funding Now…
In the last 13 years we’ve helped thousands of people just like you. During 2013 we raised over $38 Million for business owners all across the United States. If you need funding, we can help.
Contact us today, for your free analysis and explanation of what options exist for you.
Visit: www.financeneeds.com/7397
Or call Felix at (717) 264-8553
Email: charternotes2013@gmail.com
You can also reach
Courtney Lawrence:
Phone: (949) 777-5509 | Fax: (949) 309-2731
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