Canada and USA PROJECTS

[jim flynn]

Types of projects we fund  are deals with buildings in some way or another from development, renovations,acquisitions and expansions.

TYPICAL LENDING PARAMETERS

Loan Amount: $1 million - $50 million+

Term: 6 months to 15 yrs

Purpose:

• To purchase, refinance, reposition, develop or redevelop real estate properties

• To provide funding for the gap between conventional bank financing and owner’s equity

Loan Type:

• Bridge/Acquisition loan

• Land loan

• Construction loan

• Land servicing loan

• Inventory loan

• Revolvers & term loans

Asset class:

• Multi-residential (apartment rentals, condominiums)

• Single-family residential (including custom homes)

• Office

• Industrial

• Retail

• Hotel

• Student Housing

• Seniors Housing

Security/Rank:

• 1st Mortgage (including partial interests for high quality assets/sponsorship);

• 2nd Mortgage (Mezzanine); or

• Joint Venture Partnerships (on a selective basis)

Loan-to-Cost: Up to 90% (depending on asset class and purpose)

Loan-to-Value:

Up to 85% (depending on asset class and purpose)

Interest Rate:4% – 8%+ (depending on whether 1st or 2nd Mortgage financing)

Amortization: Interest only

Property Locations: Primary urban markets across Canad,Caribbean & US

[James Crigler]

Jim.

Are you Direct or a Broker?

[Joe Bennett]

He is a broker. 100% broker. There is nothing wrong with that other than the fact that he tries to make it sound like he lends sometimes so you will have more trust in him. If he is a lender then he can send you copies of closing statements showing his company as lender. That won't happen. Best of luck with this.

[jim flynn]

Both.Depending on project type and amount.