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Private Commercial Funding has far surpassed the volume of conventional lending and has become the commercial capital source of choice. Private lenders and banks must both assess the risk exposure which will have an impact on the final rates and terms, but all in all, private lenders have a much greater flexibility, can offer more creative methods of financing and are definitely open to negotiation.
Each lender will have a slightly different loan worksheet and may have different expectations of the detail in your executive summary. Your documents must be 100% accurate, offer full disclosure and executive summary must tell the lender the entire story and entice the lender to consider your request for funding. Prepare, work with your consultant and make a winning presentation. "First impressions are everything here".
We take pride in being recognized as one of the fastest in the industry and in the fact that WE ARE NOT SHOPPING DEALS. WE ARE DIRECT TO THE FUNDING SOURCE whocan offer very creative short-term and long-term financing secured by commercial real estate and non-recourse stock loans. We are the Loan Mediators between the Principal and the Funds Group, which is what separates us in the Commercial Funding Industry. Minimum $250K up to $500M.
We are interested in all types of commercial real estate, oil and gas, natural gas and alternative energy projects.
100% Joint Venture Equity Financing: This program provides 100% equity financing for large-scale development projects that require a joint venture partner.
Funding Available for Non-U.S. Residents: There is financing available for Non-U.S. residents. Contact us today if you are a Non-U.S. resident looking for funding.
100% Funding for Low Income Housing: The most difficult hurdle for acquiring low-income housing, is buying the property without any capital. This is how we can make it happen for you. The investor puts up the equity and debt and own 99.99% of the property. They take the depreciation. A partnership is put in place. You become the general partner and investors take up to 20% of the income, the balance is divided up. Section 42 runs for 15 years with the same "owners". See below for further details and parameters.
Large-Scale Debt Financing: ($10 million and up). This traditional debt financing program provides loans for new development, refinancing and acquisition at competitive rates.
Small Balance Financing: (less than $10 million). This program is also a traditional debt-style funding model providing loans for projects that are less than $10 million in size.
Apartment Equity Participation: If you are behind on your payments or headed for foreclosure and have the following:100 units or more, Nothing over 2-Story, No bad areas, Section 8 Ok, Rehab Ok. New construction or construction to perm does not qualify.
Non-Recourse Loans for Multi-Family & Assisted Living: This covers Multi-Family construction/perm, purchase, refi, rehab and fixed long-term interest. Healthcare to include Assisted Living, Nursing Home, Alzheimer Care Facility, Cancer Treatment Centers, Etc. Up to 100% financing for Multi-Family and Healthcare for Non-Profits. Contact us for details.
Loans For Incoming Producing Property: Commercial Real Estate loans for office buildings, multi-family, and Industrial properties. Bridge Loans and Permanent Loans available through conduit programs.
Mezzanine Programs: Quick closings are available within 1 to 5 business days with complicated transactions taking longer. Typically, these loans are subordinated to first liens but debt/equity is also available.
Commercial Land Development Loans: Entitlements, capital infusion, geographical regions, and market conditions are all considered in the approval process for all commercial land development loans.
Stock Loans: Non-recourse stock loans based on a corporation's or individual's securities as collateral. These stock loans are non-recourse, whether the securities are treasury securities, aged or free trading stock, as well as options and warrants. These stock loans never have a margin call and no reporting. This is a private transaction.
Low Income Housing Projects
Attention Low Income
Housing Owners or
Every community has low income housing, especially now with the state of our economy. The NOI (Net Operating Income) must be $1 million or over. We will look at distressed properties where the current owner neglected updating. Under SEC 42 it applies to new.
Existing must be owned for 10 or more year.
Seller can stay in the property pickup up 10% of the revenues or 20% equity participation plus a management fee. Under Section 42 of the IRS code, the "equity group" is that group furnishing the equity and the debt. The property cannot be sold until 15 years has passed otherwise the parties have recapture income.
1. Current seller must have owned the property for 10+ years.
2. Current seller can stay in the acquisition at 10% ownership.
3. Need past 3 years Profit & Loss Statements and past 3 years Tax returns.
4. Purchase price.
5. Current rent roll.
6. Statement detailing the necessary current repairs, inside and outside (if any).