Darin Haft
  • Norwalk, CT
  • United States
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Do you have Hard Money deals that need funding? MONROE CAPITAL is a Direct Lender!

Started Jul 12, 2013 0 Replies

Monroe is the arm of a Nebraska regulated insurance entity with  5MM per month to lend.As a specialty finance company we originate and service senior secured real estate loans throughout the United…Continue

Tags: Loan, Direct, Lender, Private, Money

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Company name and description
MONROE CAPITAL, LLC is a specialty finance company that originates and services senior secured real estate loans throughout the United States. Monroe is a direct lender which has originated over $500 Million of real estate loans. We provide intelligent financing for purchases, refinances, improvements, and other purposes. As a non-traditional lender we approve and close loans quickly.

MONROE CAPITAL sweet spot:

Loan size:          $500,000 - $5,000,000
Term:                 Up to 5 years
Rate:                 12 – 16%
Points:              2 – 4 points
Collateral:         Investment real estate collateral except undeveloped land
Loan Amount:  up to 70% of appraised value
Security:           First lien mortgage

General Guidelines include:  Appraisal • Title • Credit & Finance Review • Borrower’s “skin in the game” • Exit Strategy Review

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At 3:04pm on July 12, 2013, Frank Lawson said…

Hello Darin 

I am contacting you because I saw your posting on the real estate finance site.
what we are are in need of is a lender that is flexible  with options.  We have gone through a case of Identity theft and caused us to have some damaged credit.  We also had a lender that cleaned us out of our funds, The FBI has been involved so this  has scared off several lenders.  We have a 323 unit apartment complex that is about 55 to 60 occupied at this point.  The property has 175 units occupied and has more than half the remaining units under renovations are in various phases of completion.  The present appraisal is at 5.6 in it's condition and a stabilized value of 8m.  We have a contract to purchase at 4.5 m with a closing in 30 days.  The LTV is a 55% of stabilized value.  The property is doing about 35-40k per month and steadily climbing.   Can you help with funding for this? 
 
 
 

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