Who has funding for multifamily properties?

[Amy Thornton]

This post is here for the many inquiries we get seeking multifamily funding. For those lenders and brokers on this website with funding for apartments, please respond and let me and everyone else here know what you have to offer!

Leaving LTV, credit score, and downpayment requirements would be great.

Thanks!

[J. Peter Hans]

If you need to close quickly on multifamily properties, Mercury Capital is the answer to your problem.

Mercury Capital has been a direct lender extending hard money/bridge loans since 1989. Our approach is asset driven, (although credit is also taken in to consideration). We lend primarily east of the Mississippi River and in Texas. Loans range from $500,000 to $5,000,000. LTVs to 65%. Loans are interest only. There is no prepayment penalty, but a minimum six months of interest is required.

We work at the "speed of opportunity" closing our loans in three weeks.

If you need conventional commercial mortgage programs, our sister company, Mercury Commercial Advisors, a commercial mortgage broker will find the best loan to meet your needs. We have extensive relationships with portfolio lenders as well as intermediaries. 

For more information on both programs or to submit a loan request please contact me as per below:

Peter Hans
Mercury Capital
100 Merrick Road 504E
Rockville Centre, NY 11570
(O) 212-661-8700
(M) 347-419-1142
[e-mail]

[Danny Feingersh]

Good morning, hope you're having a good day. My name is Danny Feingersh, I work for Velocity Commercial Capital, we're a whole sale lender specializing in stated income loans for investment and commercial properties, including NOO SFRs. 6.49% floor rate, 75% max LTV. 650 min fico. All we need is a tri merge credit report and a signed 1003. Incredible opportunity for lenders, brokers, real estate agents, CPAs or investors. This is just another product for your arsenal, enabling you to essentially fund more loans yourself and serve as another source of finance. I look forward to hearing from you! 

[e-mail]

[Kevin Palmer]

Amy:

We have a few private lenders who would be very interested in multifamily projects.

Typical Hard Money:

Term  6 months

Amortization-Interest only

Tier 1 11% 3pts

Tier 2 11% 5pts

Tier 3 15% 6pts

Closing Fee: $995-$1995( depending on structure of deal)

LTV 65-70%(Purchase) 50%(Refi)

No prepay penalty

5yr Full Am

Flip or Rent

Term 60 months

Amortization 5 yrs

Rate Pts 18% 3pts

Closing Fee $1000

LTV 65% purchase 50% Refi

Prepayment penalty None

I also have a 3 other sources who also offer funding as well in the commercial space. So I welcome an opportunity to further discuss and see if we can provide a meaningful solution.

[Mckenley Washington]

GET CONNECTED DIRECTLY WITH OVER 4,000 COMMERCIAL LENDERS TODAY!!

TAKE CONTROL OF YOUR FUNDING PROCESS TODAY!!

SUBMIT YOUR LOAN REQUESTS DIRECT AT THE NEW MACG REAL ESTATE GROUP FUNDING PORTAL

Providing Investors/businesses, both seasoned and startups, with access to commercial real estate financing, working capital and over 20 other types of business loans needed to cultivate growth and ensure success for years to come!

START YOUR FUNDING PROCESS TODAY!!

GO TO: http://www.connectlending.com/portal/15548/home

As a business owner/Real Estate Investor borrower you want to find a lender that understands your business, supports it, and is willing to offer you a fair loan. MACG REAL ESTATE GROUP Funding Portal system sifts through hundreds of lenders and handpicks the best lenders for your unique situation. Our intelligent software design saves you days, weeks, or even months of searching for a business loan. Our systems only match you with the lenders that have "pre-approved" your situation and have a high likelihood of closing your loan.

Finally, Real Estate Investors can get the financing they need!

GO TO: http://www.connectlending.com/portal/15548/home

[Jonthan Casillas]

Overview of Our Financing Solutions

We provide a vast number of business financing solutions that have been developed to support the specific needs of our clients. Please review the list of lending solutions that we offer and contact us to learn more about how one of these products can enrich your business.

Accounts Receivable Financing

Acquisition Financing

 Annuity Financing

Bridge Loans

Commercial Real Estate Financing

 Consumer Financing

 Contract Financing

 Equipment Financing

Franchise Financing

Healthcare Financing

Merchant Cash Advance

Private Equity Financing

Purchase Order Financing 

SBA Loans 

Stated Income Loans

Unsecured Business Lines Of Credit 

[T. J. Morrow]

Great Eastern Investments, LLC has finalized the funding of $1.65 million to refinance the Woodlander Apartments in Jefferson City, Missouri. The funding was with a private investment firm’s portfolio transaction at 4.91% fixed, 10 year term and 25 year amortization at par. For information about financing please contact: T. J. Morrow at [e-mail] Phone [phone].

[Rene Beverly]

TAMCO Capital can provide funding your commercial deals between $75,000 to $350,000. Small apartments, Mixed Use, Retail, Office, Warehouse, Hotel/Motel, Recreation, Daycare, Hair Salon, Auto Body, Funeral Home, Church, Self Storage, Convenience and more. Close in 2-3 weeks. 60 % LTV Credit scores from 475. No Seasoning or Penalty for Early Payoff.

Contact: [e-mail]

Larger deals from $2MM to $25MM considered case-by-case by our senior analysts.

TAMCO Capital can provide funding your commercial deals between $75,000 to $350,000. Small apartments, Mixed Use, Retail, Office, Warehouse, Hotel/Motel, Recreation, Daycare, Hair Salon, Auto Body, Funeral Home, Church, Self Storage, Convenience and more. Close in 2-3 weeks. 60 % LTV Credit scores from 475. No Seasoning or Penalty for Early Payoff.

Contact: [e-mail]

Larger deals from $2MM to $25MM considered case-by-case by our senior analysts.

[Mckenley Washington]

GET CONNECTED DIRECTLY WITH OVER 4,000 COMMERCIAL LENDERS TODAY!!

• Posted by Mckenley Washington on May 7, 2015 at 1:32pm
• View Blog

TAKE CONTROL OF YOUR FUNDING PROCESS TODAY!!

SUBMIT YOUR LOAN REQUESTS DIRECT AT THE NEW MACG REAL ESTATE GROUP FUNDING PORTAL

Providing Investors/businesses, both seasoned and startups, with access to commercial real estate financing, working capital and over 20 other types of business loans needed to cultivate growth and ensure success for years to come!

START YOUR FUNDING PROCESS TODAY!!

GO TO: http://www.connectlending.com/portal/15548/home

As a business owner/Real Estate Investor borrower you want to find a lender that understands your business, supports it, and is willing to offer you a fair loan. MACG REAL ESTATE GROUP Funding Portal system sifts through hundreds of lenders and handpicks the best lenders for your unique situation. Our intelligent software design saves you days, weeks, or even months of searching for a business loan. Our systems only match you with the lenders that have "pre-approved" your situation and have a high likelihood of closing your loan.

Finally, Real Estate Investors can get the financing they need!

START YOUR FUNDING PROCESS TODAY!!

GO TO: http://www.connectlending.com/portal/15548/home

[Carlos Clark]

Structured Products & Equity

 

Investment Profile:	Targeted for sponsors with transactions that require higher   leverage, more complex structuring, creativity, or have a business plan that   is not appropriate for traditional capital sources.
Transaction focus:	Focus is on value added, distressed, opportunistic situations,   and special situations (No new construction.)
Asset Class:	Ÿ  Multifamily Ÿ  Retail Ÿ  Office Ÿ  Industrial	Ÿ  Land Ÿ  Condominiums Ÿ  Non-performing loans Ÿ    Other special   situations
Structures:	Senior debt, preferred equity, mezzanine debt, and joint venture   equity.
Target returns:	Adjusted based on transaction risk and project leverage.
Investment Horizon:	6-36 months
Commitment Size:	$3 - $25 million

If you have any situations where funding is needed contact me at [e-mail]

Thanks for your time

Carlos Clark

CDC Capital Partners

Managing Member

[e-mail]

https://www.linkedin.com/pub/carlos-clark/6/407/5a3

 

 

[Chris Cambridge]

Long Thread but valuable!

Small Balance Preferred Equity

We have a Preferred Equity solution for sponsors who are looking for Equity and can co-invest by bringing cash to the table. This program does not offer 100% financing. It is not driven by the value of the property but only but the purchase price and LTC. Sponsors must be able to bring at least 25% of the purchase price in the form of cash.

Description:      Investments which are typically between $100K-1MM to cover the missing capital requirement

Structure:          Preferred equity position within the Operating Agreement of the Mortgage Borrower

Capital Stack:   Conventional Loan, 25% of Cash Equity from Sponsor, Preferred Equity. Maximum of 75%CLTV between first mortgage and PE investment

Size:                 Minimum of $100 Thousand - $1 Million

Returns:            Preferred returns between 15-20%

Geography:       Preference to Continental 48 States

Asset Type:      Multi Family, Office, Retail, Storage, Assisted Living, Industrial & Hospitality. Commercial stabilized assets only. No construction.

 

Benefits:           This program helps by making the required downpayment available to satisfy the lender

Example:          Investor Tom has a great deal and wants to buy an office building worth $2.5 million for $2 million. Tom puts down $500,000. The bank makes a loan of $1,300,000 and requires Tom to bring $700,000. The equity in the property does not count toward a downpayment. Qualification is based on the purchase price. Due to the shortfall Tom utilizes our preferred equity partnering program and it makes up the $200,000 preferred equity investment needed. Tom now meets the requirements and completes his purchase.

[John Carlson]

Am John Carlson a private lender/investor, i can help you with the loan funds, if you are interested, contact me via: [e-mail]

[T. J. Morrow]

Great Eastern Investments, LLC has finalized the funding of $1.65 million to refinance the Woodlander Apartments in Jefferson City, Missouri.  The funding was with a private investment firm’s portfolio transaction at 4.91% fixed, 10 year term and 25 year amortization at par.  For information about financing please contact:  T. J. Morrow at [e-mail] Phone [phone].