Commercial Real Estate Loan Matrix
Each section represents a real estate lender we work with.
If you don't see your commercial real estate loan scenario
described here you probably don't need it, but feel free to
contact us anyway.Credit lines for lenders - lender credit lines to $100mm
Loan Calculator
| Accounts Receivable | A/R Factoring, Transportation Financing for long haulers, hotshots, delivery services, logistic companies and specialized carriers - Purchase Order Financing, Asset-based revolver, etc. | |
| Acquisition / Construction / Refinance / Rehabilitation | Multifamily Products: Nat’l Freddie Mac Program Plus Fannie Mae DUS® Multifamily (Seller/Servicer) HUD, MAP, & LEAN (Originator and Servicer) Capital Products Include: Relationships with 40+ Life Cos Can place Non-Recourse ($1M to $100M+) Origination & servicing agreements with over 30 CMBS Conduits In-house Proprietary Lending Providing solutions to re-capitalize or re-position assets |
|
| Agency | Preferred FHA lender. Will do all the FHA loans including Construction, apartments, assisted living/nursing homes and HOSPITALS! | |
| Agriculture | In house funding Sweet spot is $2mm-$3mm - can syndicate loans $4mm+ LTV’s up to 50-60%. Prefer Agricultural loans. Will do some residential development and raw land but Ag is their preference. Interest only 12-15% at 2-4 points |
|
| Alt A | Small Balance Commercial (Stated Income) Multifamily, 1 to 4 family investments properties including condos, Mixed-Use, Retail, Warehouse, Office, Auto Repair, Self-Storage Facilities, & Mobile Home Parks *Exclusions: Restaurants, Hotels, Motels, Commercial Condos, Land, Construction, Development, Car Washes, Gas Stations, Churches All States except for MI, VT, and IL, No and So Dakota, TN Owner-Occupied or Investor $100,000 - $2,000,000 (Stated) Amortization: 20 or 30 years NO INCOME VERIFICATION SMALL BALANCE LOAN PROGRAM $1MM - $5MM |
|
| Alt-A | Small balance commercial for self employed borrowers Apartment buildings, retail, office, office/warehouse, auto repair, day cares, hair salons, funeral homes, hotel/motels, recreational properties. *Exclusions: land, construction, rehab, gas stations, assisted living facilities, dry cleaners, salvage yards, restaurants, bars and auto sales. Nationwide, EXCEPT: Alabama, Alaska, Hawaii, Michigan, Nevada, North Dakota, Cuyahoga County in Ohio, Vermont, and West Virginia, Los Angeles County Owner-occupied and investment properties NO auto related properties. $25,000 up to $500,000 Amortization: 15 or 25 years depending on the loan amount |
|
| Apartment Bridge | Favorite
Niche: Very aggressive bridge lender in the high
quality apartment space, rates can be
exceptional-below 9% is possible. For Bridge and CMBS: Any commercial property type in excess of $5mm Any multifamily in excess of $2mm Rates range from 6% up. Fannie / FHA: Any multifamily property in excess of $500k in total loan amount and exceeding 8 units min |
|
| Apartment, Office, Retail, Self Storage, Industrial, Warehouse | Leading source for FOREIGN NATIONALS seeking small-balance commercial real estate loans in major markets nationwide. Our specialty is providing the creative terms, maximum proceeds and rapid closings borrowers need to get deals done. Loans from $750k to $10MM - Terms incl. 5/1, 10 Yr. Balloon; 7/1, 10 Yr. Balloon; Cash-out financing permitted - Bridge loans from $1MM to $10MM - Executive summary, rent roll , operating numbers, photos & personal resume required for submission - Bridge-Up to 70% LTC, Apt-Up to 75% LTV, Invtmt-Up to 75% LTV, Small balance Freddie program for 1m to 5mil up to 80%. New low deposits (5k)on loans under $5mil | |
| AR Deals Only | New - Fast Track - funding program lender has rolled out nationwide. The goal is to fund A/R only deals in 48 hours. Once they have the below 5 things, Can negotiate a rate verbally. If agreed to be the company, can fund within 48 hours. Required documents are: Application Form, Photo ID of Principal, Copy of Articles of Inc., Detailed A/R aging, Debtor contact list, with names/addresses. |
|
| AR Factoring | A/R Factoring - Clients fill out a schedule of invoices they wish to sell when they need cash. Upon receipt of the schedule- will fund 75-90% of the total amount. Once the invoice is collected in lender’s lock box, the reserve account (less fees) will be returned to the customer. | |
| AR Factoring | A/R Financing and Factoring |
|
| Asset Based Lending | Primarily lends to businesses with sales from $1 million to $50 million. Funding can be structured as either a loan or a purchase of accounts, depending on the situation. Both long and short term funding are available. Funding is based primarily on company's accounts receivable. | |
| Asset Based Lending and Factoring | Equipment, Real Estate and A/R | |
| Blanket Bridge Loan | Bridge Blanket loan lender. Will do 1 unit up to 20 units. $50.000 -$5 million. Rates are 8-15%, 6 month pre-pay then no pre-pay. Can do releases. NO MINIMUM SCORE. Great loan for flip and fix investors...not a long term hold – just 1-2 year money. Up to 70% LTV cash out. | |
| Blanket Loans (5+ Prop) / Fix-Flip (LOC) | Blanket term loans for landlords owning 5+ rental properties and fix/flip lines of credit. | Non-recourse loans; nationwide availability (all 50 states); underwritten like a commercial loan. | |
| Blanket Loans / Residential Rental Property Financing | Backed by premier global investment and advisory firm, a commercial real estate lender that places permanent fixed and floating rate debt on portfolios of residential rental properties which consist of single family homes, condos, townhouses, 2-4 unit multifamily, aptmt bldgs and mixed use w/up to 40% commercial. Lend on portfolio sizes from $500,000 to $50,000,000, have recourse and non-recourse programs available, loan terms of 5 and 10 yrs and typically allow 30 yr amortizations. Program has LTV’s up to 75% as long as the loan size meets a min DSCR off NCF of 1.20x and Debt Yield of 8%. Typical time from signed Term Sheet with expense deposit to closing is 45 dys. | |
| Blanket Residential Loans | Product Characteristics: 5 and 10 year fixed rate; 30-year amort. Up to 70%LTV / 1 point lender origination / 5 properties minimum; No limit on number of properties under Blanket Loan / Stablized properties only / 6-months reserves required per property financed. | |
| Bridge | $500,000 - $20 Million United States only Apartment Complexes - Office Buildings - Mixed Use Properties - Retail Centers - Shopping Malls - Warehouses - Single Tenant - Light Industrial - Urban Land - Residential Investment Properties Acquisition - Refinance - Cash Out Refinance - Repositioning - Cosmetic Upgrades - Opportunistic Situation LTV Up to 65% Interest Only 1-3 years 10% - 13% 1-2 weeks possible 2-4 points - No Prepayment Penalties NO Mezzanine or 2nd mortgage transactions NO Primary Single Family Residences, Rural Land, Ground Up Construction or Hotels Loans up to $7 Million that need boutique commercial work like a small equity play or purchases of discounted notes. |
|
| Bridge | Bridge loans USA only | |
| Bridge | Interim/bridge loans on purchase transactions with borrower’s cash equity into the deal Office, Retail, Multi-Family, Office-Warehouse NO construction, land, gas stations, hotels, assisted living, or special purpose properties All continental US, western states preferred Owner-Occupied or Investor $500,000 - $5,000,000 - preferred $1 - $3 million Interest only 12-24 months Cash-out refinances on a case by case basis. |
|
| Bridge | Active bridge lender- decent rates 10-12 range -major metros only | |
| Bridge | $1,000,000 to $10,000,000 6 to 24 months LTV to 75% Commercial Real Estate Nationwide 10-12% +/- Office and Industrial Properties, Multifamily Developments, Single Family, Developments, Condominium Conversions, Rental Properties, Hotels, Retail Locations, Ranches Northeast USA |
|
| Bridge | $500,000 to $20,000,000_ 6 to 24 months plus extensions 10% - 12% USA LTV up to 75% Nationwide Non Recourse available Office and Industrial Properties, Multifamily Developments, Single Family, Developments, Condominium Conversions, Rental Properties, Hotels, Retail Locations, Ranches WA, OR, NV, NC, GA, SC, FL, CA, AR, LA, AL |
|
| Bridge - FL, TX, NC & PA | $1-$50MM 1 - 4 Years Rate: 8% + Origination Fee: 1 - 2% LTV: Up to 70% FL, TX, NC and PA. |
|
| Bridge - Northeast | Most commercial property types – No construction financing. | |
| Bridge / Gap financing | $1 Million+ / 9% +/- | |
| Bridge and FNMA | Multifamily Nationwide $2mm- $8mm max. Rent roll and 1 full year P&L to start. All 50 states Direct FHA lender |
|
| Bridge and Private Lender | $500K-$20M 5.75% conventional - 10% to 12% bridge Amortization 25 years typical LTV 75%Lender closing Fee 1 to 4 points including processing charge 3 - 15 years Nationwide Religious Building, Farm, Hotel, Industrial Building/Warehouse, Mixed Use, Multifamily, Office, Retail, Special Purpose. |
|
| Bridge Financing | Stabilized Hard Money loans, properties must cash flow. $2 Million to $25 Million loan sizes, charges 1-3 points and 10-14% | |
| Bridge Lender | PROVEN QUICK CLOSER, EXCELLENT SPEED AND SERVICE...Private money 12 - 24 mo Apartment bridge loans - will consider retail, hospitality NO Office / NO Land $1 - $7mil Typically 2 weeks to close - 10 - 15 business days possible |
|
| Bridge Lender | Non-recourse 6.99%-8.00% Origination 2.00%-2.50% LTV Up to 60%, 2-3 weeks close, $2MM-$10MM - No prepayment or minimum interest 6 - 36 months CA, AZ,NV, TX No construction, land or residential loans |
|
| Bridge Lender | Cash-flowing properties: Multifamily, office, warehouse / industrial, hospitality, senior housing USA all states $2M-$25M Typical close 3-4 weeks from signed term sheet. |
|
| Bridge Lender | Construction - Debt - some mezzanine NO EQUITY, Note Purchases, Owner Occupied $1M - $15M 2-4 points, 10-12%, 24month 2 weeks close typical |
|
| Bridge Lender | Construction - Debt - some mezzanine NO EQUITY, Note Purchases, Owner Occupied $1M - $15M 2-4 points, 10-12%, 24month 2 weeks close typical USA |
|
| Bridge Lender | Rehab, Renovation and Bridge Loans Mobile Home Parks, Office, Medical Office Buildings, Multifamily, Retail, Assisted Living, Hospitality - NO RESIDENTIAL All states Investor ONLY, no OO $250,000 - $25MM 20, 25, 30 yr amortization |
|
| Bridge Lender (Non-Recourse) | Bridge/Mezz on cash flowing assets Multi-Family, Office, Retail, Industrial/Warehouse, Hospitality Up to 85% LTC/LTV Acquisition of Notes, REO’s and distressed assets Will also lend on note purchases as well as distressed Nationwide $3M to $30M 3 years max on bridge and up to 5 years on Mezzanine going co-terminus with the 1st DIP Financing - Repositioning/Value add plays,construction completions. No Land and No ground up construction NON-RECOURSE BRIDGE LENDING |
|
| Bridge Lender / Mini-Perms | $1M Max. $10M - more on a case by case basis Rates Fluctuating LTV to 70% Flex Buildings, Industrial Building/Warehouse, Multifamily, Office, Retail, Self Storage, Student Housing Will consider larger loans on a case-by-case basis. 36 - 60 month term Non-recourse loans on a case-by-case basis. Nationwide |
|
| Bridge Loans | $2mm to $50mm 12% and 2 Points LTV up to 80% (more in special situations) Up to 24 Months |
|
| Bridge Money | Short Term Debt Multifamily, Office and Retail NO Land, Development, Residential All 50 states Owner-Occupied or Investor $1m-$8M Interest Only |
|
| Bridge Money | Bridge financing – USA from $750k | |
| Bridge Money | 10- 11% $5mm+ Commercial Multi Family |
|
| Bridge, Mezz, Preferred Equity | Bridge/Mezz/Preferred Equity $2mm+ All property types - most are multifamily acquisition,rehab,repositioning 30-45 days. |
|
| Bridge/Gap financing | Owner Occupied, SBA & USDA (some investor under USDA allowed) General Purpose, Multi-use *Exclusions: C-stores and gas stations FL, AL, GA, TN, NC, SC, VA, WV, IL, IN, MS, LA, TX, KY, AR, MO, OK, KS, OH Owner Occupied, Investor allowable under USDA NO Multi-Family $150k - $5mm Amortization: 10 years business acquisition, 25-30 years for real estate No calls or balloons, 3 year prepay penalty of 5/3/1 Notes: FIXED RATES ON REAL ESTATE, No SBA fees currently |
|
| Bridge/private money | $3mm - $25mm / $7-$10 million preferred construction, mezzanine and equity as well as first mortgage 75% LTV but can go up to 85% LTV for the right situation Non-recourse on case by case basis |
|
| Church & Non-Profit Lender | Specializes in Christian Schools. Also interested in other projects like charter schools, yeshivas and secular private schools but deals must be solid with good cash flow and/or pre-enrollment. Very aggressive on the Christian School deals. | |
| Church Lender | Church Lending - Property Types: Churches, Christian schools & daycares, Pastor homes owned by church, church-owned land States currently lend in: All 50 states Owner-Occupied or Investor: Owner-Occupied Loan Amounts – Min to Max: Min $25,000 – no max; loans over $1 Million may require lender participation Amortization: Up to 25 years - Rates: 4.95 to 7.45 Notes: Loan to Revenue: 3X - Max/LTV: 70% churches, 80% homes,50% land Minimum DSCR: 1:1 Seller seconds subject to loan committee approval Some loans may be subject to lender participation. |
|
| Church lender | Churches Nationwide $750K + |
|
| Church Lender | Church Financing Property Types: Church Real Estate States currently lend in: All Loan Amounts – Min to Max: $750,000 - $25MM - Amortization: 25 Year Fully Amortized Only does financing / refinancing of churches |
|
| Church Lender | Only churches States currently lend in: All Loan Amounts – Min $750k |
|
| CMBS Lender | Floating and permanent rates available on CMBS: $5MM+ 5/7/10 year term - 20/25/30 yr amort - Up to 75% LTV | 1.30xDSCR minimum Rates in the 5% range Non-recourse Retail, office, multifamily, industrial hotel, self-storage $25MM + - 3-5 year term -Interest only if 65% LTV or lower - Up to 70% LTV Rates in the 3-4% range - 0.5 - 1% origination fee - Non-recourse Retail, office, multifamily and industrial. No hospitality. |
|
| CMBS Lender | $1mil - $5mil - Fannie mae for multifamily owner-occupied properties. Will consider other commercial property types as well. Possible non-recourse. | |
| Commercial Farms Only | Nationwide Commercial Farms ONLY - No residential | |
| Conduit Lender | Prefer $5 million and up Office, Industrial, Retail Multi Family Will consider larger cash flowing deals like top MSA hospitality NO CONSTRUCTION |
|
| Conduit Lender | Solid lender that will go down to $2 Million and look at more boutique properties and trickier deals. | |
| Conduit Lender | B piece buyer $5mm+ Office, Industrial, Retail & Multi Family but will consider stabilized hotels,etc. |
|
| Construction lender | $7mm - $35mm hospitality construction Nationwide 36 month - 2 extensions of 12 months each available 8% +/- Up to 75% LTC on strong Will consider other assets |
|
| Construction Lender | To $2mm Up to 85% Loan to cost at low LTV Nationwide |
|
| Conventional NJ | Lending in NJ - Multifamily & Commercial Properties Loans up to $10mil | |
| Conventional NC & SC | VERY STRONG conventional lender | |
| Conventional | O/O preferably; Relationship banking; Palm Beach County; any size up to $10mil. Churches, homeowners & condo association 1.25 DSR FICO 620 1% FEE negotiable to .5 |
|
| Conventional | Northeast US Churches, HOA and Condo associations | |
| Conventional | Excellent APARTMENT RATES Lending in the major metropolitan centers of: CA, WA, OR, NY, NJ, DC market (Northern VA, DC, MD), MA (Boston), CO (Denver), MN (Minneapolis/St Paul), IL (Chicago). Min Loan amount for Apartments is $500K or above, Commercial, $1 MM or above. Rates vary for property type, LTV, property quality and loan amount. Underwriting is done in Socal or Nocal for west coast based loans, Chicago for central loans and NY for east coast loans. |
|
| Conventional | Apartments, shopping centers, office buildings, mobile park, mixed use. Must be cash flowing. 30 Year Amortization Term - 1st 5, 7, 10 yr fixed - $250K - $3M Can do 'story' laons. Negotiated lending program for loans that might be a higher bank quality or for other reasons do not fall into the core lending program. |
|
| Conventional | Loan Amounts of $750,000 - $3,000,000 (up to $5mm in certain markets) Stabilized multifamily properties of 90%+ occupancy for 90 days at minimum Capped fees of $7,500 (includes all lender costs) All in rates are below 6% |
|
| Conventional - Arizona | Residential investment only | |
| Conventional - CA, MO, FL, IL, TX | Minimum loan amount is $2million. LTV: 75%. Must provide 3 years CPA prepared financial statements plus. Rates are fixed and amortized over 5 years with a 5 year call. Rates reset during the term. Prepayment penalty. Up to 1.5% loan fee plus all vendor costs. Missouri, California, Florida, Illinois, and Texas. |
|
| Conventional - DC & CVA | Maryland market, DC and northern VA up to Fredericksburg | |
| Conventional - East & Midwest | Manufacturing & Professionals Property Types: Owner Occupied Commercial RE Exclusions: Must be at least 50% Owner Occupied North Carolina, South Carolina Owner-Occupied Loan Amounts – Min to Max: $250m to $10mm - Amortization: 20-25years |
|
| Conventional - FL | Will do Commercial deals locally that make sense. | |
| Conventional - FL | Aggressive Credit Union in Florida | |
| Conventional - FL & NY | Strong Florida Bank that does FL and the NY Metro area only. $5 Million-$100 Million Will DO CONSTRUCTION. No residential construction -just commercial. Great rates, can do 7 year fixed. Will consider special use properties like Marinas |
|
| Conventional - GA | Conventional Commercial | |
| Conventional - IL | Illinois Bank that is very strong and aggressive and can do conventional loans | |
| Conventional - NC | Strong bank very aggressive | |
| Conventional - NC | Fort Bragg, NC area | |
| Conventional - Northeast | Extremely competitive and lend in NY, NJ and CT. | |
| Conventional - TX | Strong Texas Bank that will consider conventional loans as well as construction and land. Texas only. | |
| Conventional - West Coast | No restaurant, no car washes, no hotel/motel. Owner Occupied Preferred - $500K min Up to $35M 1.25 Over $1 M 3-4.25 25 AM due in 10 yrs., 5 yr. - 4.75 Multi & MHP - 30 yr am. 30 yr due---- under $1M add 25 bps - 75% LTV Max - | |
| Conventional - *Hedge Fund | Legitimate Hedge Fund with direct Wall Street partnerships, access to a Billion dollar energy fund, etc. Worth trying any of your projects above $10 Million. They have stated that construction is available on the strongest of strong developers but very few deals qualify-the main reason, the big boys can gobble up cash flowing deals at a discount, why take the construction risk? However, large strong projects, especially large cash flowing deals should be run by these guys. Quick answers and they look forward to working with us..... | |
| Conventional / SBA 504 / Story Lending Considered (based on mitgating factors) | Loan Amounts: $500,000 - $7mm Multifamily residential, mixed-use, commercial, light industrial, retail, office or owner-user property. CA, AZ, NV, WA, OR, TX, NY, NJ, UT, CO, GA. Populations of 100k minimum. Amortization/Term: Hybrid 5 and 7 year fixed rate loans - amortization up to 30 years. |
|
| Conventional & Bridge | $1-10 Million investor deals, pricing a little higher but have more flexibility then a conduit deal. Also have a bridge program from $2-10 Million. | |
| Conventional & Portfolio | Min. $1mm to Max $5M Preferred DSC: 1.15 - Preferred LTV: 75% Types of Financing: First Mortgage NOTES: Small balance portfolio lending Have the ability to provide competitive financing & also has the flexibility to consider loan requests that are challenging and difficult to place. No minimum credit score Can consider loan request from borrowers with a past bankruptcy or foreclosure. Does not charge any points or application fees. |
|
| Conventional & SBA | Owner Occupied, SBA & USDA (some investor under USDA allowed) Property Types: General Purpose, Multi-use *Exclusions: C-stores and gas stations FL, AL, GA, TN, NC, SC, VA, WV, IL, IN, MS, LA, TX, KY, AR, MO, OK, KS, OH Owner Occupied, Investor allowable under USDA NO Multi-Family Loan Amounts $150k - $5mm Amortization: 10 years business acquisition / 25-30 years for real estate No calls or balloons, 3 year prepay penalty of 5/3/1 FIXED RATES ON REAL ESTATE, No SBA fees currently |
|
| Conventional & SBA-Southeast | SBA 504 LTV must be satisfied on the basis of the owner-occupied commercial real estate. | Conventional: LTV must be satisfied on the basis of the commercial real estate, but can also include cross collateralization of other unencumbered CRE. GA, parts of AL, TN and SC. Currently lending on office and medical buildings, industrial and warehouse facilities, retail centers, commercial condos, assisted living facilities, flagged hotels, self-storage and multi-family. Will fix rates up to 10 years with up to 30 years amortizations. No pre-pay penalty. |
|
| Convernitional loans at 65% LTV for Owner Occupied AND Investor and SBA 504 to 90%LTV | In-house lending solution. Close quickly, and are very aggressive in underwriting. Conventional or 504 |
|
| Cooperative Aptmts. | Cooperative Apartment Buildings - 5 or 7 year fixed, 65% LTV - focuses on high net worth private clients and business financing | |
| Cost Segregation | A leading provider of engineering based cost segregation studies. Cost segregation is an IRS approved and guided tax strategy that can save commercial property owners hundreds of thousands of dollars thru the reclassification of certain assets from 39 yr useful life to 5 yr useful life, allowing for accelerated depreciation on those assets, thereby reducing tax liability significantly. This value add service can be an income stream to the net branches who are working with property owners and other professionals in the commercial industry. There are no processing, underwriting, credit or title issues with our studies. Virtually every commercial property qualifies for this tax benefit. We offer a No Cost analysis outlining the benefits for the owners. Cost segregation can be a great door opener to enhance your value and networking efforts in the commercial arena. |
|
| Credit Union | Investor deals $1 million
to$10 million but can go higher Very solid credit
union, great for strong balance sheet investors
buying properties in other states. |
|
| Credit Union | Deals that make sense Property Types: Commercial *Exclusions: Restaurants; gas stations; MHP’s; land All 50 States Owner-Occupied or Investor but will underwrite based upon market rent & market vacancy $1M - $8M Amortization: 25 - 30 No Prepayment Penalty |
|
| Credit Union - MI | CRE Michigan | |
| Equipment Purchases/Franchise Financing Non-SBA | $500 documentation fee, 1 point at closing, 2 payments (whatever the monthly payments will be) up front @ time of closing Buyer must have 30% equity down and this can be credit from seller One week turn around on credit approval. Finances a wide spectrum of projects for new and existing franchisees including refinancing, unit acquisitions, remodels, and new unit builds. Up to $1mm above that they use warehouse lines which require additional signatures which = more underwriting. Up to 100% advance Can do leases or loans Typical structure - line of credit that rolls into a term loan of 2-7 years Min 700 credit - 1.25- 1.4 dscr 7-12% rates - max 50% depreciation factor Main factors: Income, credit, time in biz Hair Salons, Restaurants make up 80% of their biz – no gyms at the moment Will go down to 30k but expensive at that level To begin just supply for a short paragraph of the opportunity. They don’t want real estate at all. |
|
| Equipment Purchases/Franchise Financing Non-SBA | Will do equipment purchases. Will do financing for franchise expansion-will finance all equipment and buildout of the leased space but no working capital. Good conventional source. | |
| Equity | *True equity lender - $5mil & up* They don’t want real estate at all. |
|
| Equity/mezz/bridge - Southeast | Deal Size-$1 Million-$15 Million. Bridge lender in the SE only. Will do Equity and Mezzanine as well and CAN DO CONSTRUCTION | |
| Fannie Mae Multi-family | Multifamily / Apartment loans - Fannie Mae Non-recourse Good for Bridge Loan for Apartments - $1Mil and above This is a small balance multifamily product that goes down to $750,000. Rates - within 20 to 30 bps of the Fannie 3Max Express program. |
|
| Fannie, Freddie, FHA* | Both Fannie & Freddie prefer Class A & B apartments. Class C is typically hard to do through them. 80% LTV & 1.25x DSCR. More stringent on their underwriting as they will analyze the property’s trailing 3, 6 & 12 income streams for any trending. Fannie is more receptive to cashing out Borrowers while Freddie prefers lower leverage (75% LTV). FNMA allows for conduit type pricing and the ability to put a 2nd and 3rd mortgage on with the same Lender not touching the first. The 2nd and 3rd is a type of refi where the borrower can money out for rehab and upgrades to the property. Loan amounts: 3M+, but Fannie will do lower. The process is more involved so Lender’s usually set a cutoff for an efficient use of resources. All the strong large loan amounts for traditional property types Generally the best priced direct lender in the country, will do all types of loans that are strong and make sense. Most of their loans are non-recourse. Will also do construction loans above $40mil., but not below. NO LAND LOANS OR CONDOS |
|
| Farm/Argricultural/Land | Arkansas, Colorado, Iowa, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, Texas Mainly lend on large farm, ranch, and recreational land purchases. 50 acre minimum with a $250,000 loan base. Will do refinance with cash out if repayment and LTV's are solid. Typical LTV 70% to 75% that is reached either by down payment or very often with other collateral. Parameters vary. |
|
| Growth Capital | $50,000-$3,000,000 growth capital for businesses-great SBA alternative for expansion capital | |
| Growth Capital | STATED unsecured loan from $25,000-$150,000 and a Full doc UNSECURED LINE OF CREDIT PRODUCT up rto $100,000 for small business growth | |
| Hard Money | Lending in GA only Hard money and bridge loans Rates from 13% $250K-$20 Million Up to 65% LTV Residential rehabs in GA using after repair values |
|
| Hard Money | $100,000 to $1.2MM (maybe $1.5MM) First mortgages Standing commercial properties No land, no development, no new construction, maybe a minor rehab Nationwide No up-front fees Terms sheets with 48 hours (sometimes six hours) 10.9% to 13.9% (12.9% is the most common) 2.5 to 3 points 30 years amortized - 15 yr term - 3 - 5 year call - Never called a performing loan No prepayment penalty LTV: 50% to 58% on refinances | 60% to 70% on purchases Credit: 700+ credit score typically |
|
| Hard Money | HARD MONEY LENDER - CA, NV and AZ only Portfolio loans $500K to $3mm 12% points 2-6 closing points + broker Newer gas stations - key is exit strategy and cash flow No land or ground up construction As is value not future improved Can cross collateralize if improved land Residential: CA, AZ, NV, OR, UT, CO, AK, HW - 70% Any loan amount, usually $50k |
|
| Hard money | Notes, Acquisition No pre-pay, no exit fee Closing 2-4 weeks 2-3 points 11% -13% Due diligence fee: 0.5% - 1.0% (no less than 5K) Interested in 75% leverage income producing / Bridge |
|
| Hard Money | Solid and fast hard $ lender. $1 Million to $25 Million 15% and 5 points + broker-no negotiation |
|
| Hard Money | Commercial: No Environmental Mobile home parks, RV parks, specialty and main line $25M max LTV usually 60% FICO is unimportant but exit strategy and value is. This is a fund they portfolio themselves. Residential: western US only FC bailout and all HM Max 65% LTV Some rehab if 80% completion - no loan limit. No acquisition and development, land, renovation, |
|
| Hard Money | Commercial Hard Money Lender. Will do land loans 2M+ Mezzanine, Bridge Financing, International Loans 5M+ (Canada and Mexico) 10M+ (S. America, + others if the deal is right) A&D (acquisition & development) loans $2mm+ up to 80% Rates start at 12% Even has Alt. Collateral loans Worth running your Hard Money Development, Construction and Land loans by. MUST HAVE DSCR OF 2.0 CHARGES 8PTS ON ALL Loans + broker fee |
|
| Hard Money | $10 Million and Up hard money lender-stabilized properties ONLY. 14% rate.Good for large cash flowing hard money deals. | |
| Hard Money | East coast Hard money most asset types | |
| Hard Money - Colorado | Funds first mortgage secured loans on improved commercial real estate and residential investment properties of 5 units or more. $200,000 up to $2,000,000 - LTV: 60% Maximum - 6 months to 2 years Property Locations: Denver Metro Area and Colorado ski resorts Considers loans on metro area platted/zoned/entitled land with infrastructure at max 40% LTV on a case by case basis. Most lending is done in Colorado and neighboring states. Also metro Texas (Dallas, Houston, San Antonio and Austin). Prefers multi family outside Colorado but any type of income property may qualify. |
|
| Hard Money / Mezzanine / Bridge / International | Commercial real estate bridge lending. First Mortgage Position 1 - 2 years Purchases both performing and non performing loans in a first mortgage position Financing third parties purchasing both performing and non-performing loans in first mortgage position. $2,000,000 - $100,000,000 No land or Income producing properties and will do construction deals) All 50 states / Rates 8 - 13% / 1 - 3 points. |
|
| Hard/Bridge Money | $2mm - 30mm Nationwide and Canada Most asset classes including Limited service Flagged Hotels & Broken Condos Debt only lender Appraisals not needed - they underwrite value in house Will finish up construction on existing projects Terms: 12 - 24 months Fees 2-3% + broker 9-13% rates- 55-65% LTV Typical 3rd party fee 10-15k due with execution of LOI Nothing with Chattel, No carwashes, Churches, Golf Courses, Casinos |
|
| Investor (Non-Owner Occupied) |
2 years management experience required Underwriting based on cashflow of individual property (not global cashflow) Min. FICO 620 75% LTV (If property has been leased for min. of 90 days) /Otherwise, 65% max LTV Par Pricing Available** Reserve Requirement: 6 months PITI*** for each property financed. **An interest rate used as the reference point for which a mortgage lender will neither pay a rebate (yield spread premium or negative points) or require discount points for a mortgage. ... Par rates are also used in the valuation of mortgage servicing rights (MSR). ***Principal, Interest, Taxes, Insurance (PITI) |
|
| IRA Lender | Only real source for non-recourse lending based on your IRA. They can not roll the IRA over Note: (We have other lenders who do that but they will loan out on the property you are buying through your IRA at 50-70% LTV on a non-recourse loan.) No min or max The size of the IRA will determine the amount of the loan combined with the loan size. |
|
| Land / Development | $1mm - $50mm All property types considered; Multifamily, office, industrial, retail, hotel, and land. 1 to 3 years w/extension options Interest rates: From 7% Up to 75% LTV Fees: From 2% ForAcquisition, restructuring, discounted payoffs, purchase of notes, improvements and development. |
|
| Large Balance Bridge Lender | $20mm -$200mm. Land and construction-60-80% LTV. Large loans only but very strong with lots of cash. |
|
| Large Balance Business loans | Nationwide NON-SBA BUSINESS ONLY LOANS $1mm+ - prefer $3mm+. NO Construction or medical. No start ups -expansion type loans only |
|
| Large Balance Mezzanine,bridge,equity | $15mm+ Mezzanine & Equity up to 90% even on construction loans (need min 10% equity from sponsor). First mortgage debt to 75%. Office, retail, industrial, multi family Non-recourse HIGH LTV CONSTRUCTION with NON-RECOURSE but rates high |
|
| Large bank doing Conduit type loans | $1mm -10mm Maine to Key West, FL Up to 70% and selectively to 75% Income producing - Class B Multifamily, Mobile Home Parks, Some office Some Retail and only the strongest Hotels 6-7% DSCR 1.25 min. Recourse required Can close under 30 days - competitive rates and fees. Clean deals preferred |
|
| Large Bank Financing | Financing larger transactions - $10mm+ & - 70%LTV | |
| Large Coventional (Life Competitor) | Nationwide $5mm -$30mm 65% LTV but will go NON-RECOURSE Stabilized income properties only - office/retail/industrial/professional Fixed terms are aggressive at 5,7, and 10 year fixed. Pricing tied to swaps and typically in the 4's at this time |
|
| Large Life Lender | $10mm + for STRONG clients and loan scenarios Great pricing and flexible but only high quality transactions - no bridge loans No large residential developer deals, etc. Portfolio loans Syndication Prefer Office, industrial, multi Family, Retail,self storage and mobile home parks 30 year fixed $10mm - $200 Million+ |
|
| Life Company | Supporting Non-Profit entity For Cities & Counties, economic development Housing loans, community facility loans, job creation and retention type projects in underserved markets recapitalize through the loan purchase. SBA 7(a) loan program for job creation & retention in underserved urban markets and rural markets where borrowers choices or lender options may be limited. Real Estate, FF&E and LT Working capital with a cap of $3mm. |
|
| Life Company | Life Company low interest loans – cash flowing properties in top MSAs for strong clients | |
| Life Company | Apartments, multi-tenant office, grocery anchored retail in top MSAs Foreign nationals considered. |
|
| Life company/conduit | $3mm+ investor loans nationwide. FNMA and FHA construction loans in addition to most CRE Cash flowing property types even special purpose, NNN, etc. WILL charge 1/2 to 1 point on loans |
|
| Life Insurance Company | Industrial /warehouse, multifamily, office, retail, self storage, senior housing, student housing. Acquisition, ARM, bridge loan, construction loan Fixed rate mortgage, mini-perms, refinance. Nationwide-MAJOR MSAs Max Loan: $25M - floating rate based on LIBOR Preferred LTV: 75% - 25 years amortization / 5-10 Years. |
|
| Medical - RI & MA | Commercial Line of Credit doctors ALL OF RI AND EASTERN MASS. INCLUDING BOSTON. to $5MM |
|
| Medical | Up to 100% financing for business only acquisitions Medical practices, refinances for medical practices,etc. Up to 10 years |
|
| Merchant Funding | Unsecured merchant funding with no income, no asset, and no credit score requirements. Funded through the purchase of future credit card sales. Loan amounts $10K to over $1mil. Purchase or Cash-Out, with or without real estate. Great alternative to traditional credit lines and SBA loans. Can easily combo with other loan programs. Quick closing with funds in 7-10 days. | |
| MHP Lender | Mobile Home Parks funding | |
| Multi Family | Small balance commercial lending $250k - $1MM LTV up to 75% Top 200 MSAs Nationwide 5,7 and 10 year Terms with 25 yr Amortizations Multi Family Streamline Program Unlimited Cash Out up to Max LTV with No Seasoning requirements No Lender Points |
|
| Multi Family Aptmt Complexes/Construction, etc - FL | Purchase or Refinance Multifamily Apartment Complexes: - LTV Up to 80% 30 Year Amortization Retail Centers: LTV Up to 75% -25 Year Amortization Multi-tenant Warehouse/Flex Space, Other Industrial Properties. Office Building. No Prepays, Most CRE property types Construction Loans: up to 80% LTC Permanent loans for construction takeout Competitive low interest rates To $4MM - syndication for higher amounts |
|
| Multi-family | $750k+ Loan amounts as low as $250K for apartments - debt/equity apartment loans to above $100mm Max 80% LTV on Apartments through FNMA and higher on FHA. DEBT/EQUITY transactions on multi-family, mixed-use, retail, office, light industrial, hospitality (off-shore only), distribution, storage, and industrial This is a source for those larger deals! |
|
| Multi-Family | $750k to $5mm Nationwide 1.20 - 1.25x Debt Coverage to 1.25 - 1.35x Debt Coverage market dependent Low LTV: Subtract 15bps under 50% LTV Interest-only available on 3-year, 5-year hybrids. Hybrids roll to 6-month LIBOR +3.15% Nationwide Portfolio Lending: $500,000 to $10,000,000 to $500,000 to $10,000,000 at par $100,000 to $500,000 at higher rates and fees. Population requirements of 100,000+ in 10 miles radius Non-FNMA lender = faster closes, quicker decisions - competitive rates with Par & Rebate Pricing 45 day close w step-down prepays 3, 5, 7 & 10-year fixed - w/30-year amortization Mixed use, mobile home parks, student housing, SRO ,unbroken condos DPO transactions Cross collateralization |
|
| Multi-family | $1mm -10mm Stabilized investment properties MSAs as small as 20K population. Retail, office, multi-family, light industrial ONLY. |
|
| Multi-family | Variable rates, terms, MSAs | |
| Multi-family | Apartments down to $250K Dallas, Austin, San Antonio, Denver, Salt Lake City, Minneapolis/St. Paul, Louisville. 90/10 |
|
| Multi-Family - Mezz & Referred Equity | Mezzanine and Preferred Equity direct balance sheet lender $2mm+ Flagged Hotels and Typical Asset Classes up to 85% selectively |
|
| Multi-family, Mixed-Use Bldgs, Rental/Office Bldgs | No Minimum Credit Score $100K - $5mm Foreign nationals and non-resident aliens OK 15 yr. fixed rate product $100K - $1mm - LTVs up to 65% - 70% All cash-out allowed on free & clear properties, emphasis on debt service ration not applicants' DTI or personal income NO global debt ratio required 30 yr. amortization, no application fee |
|
| Multi, Retail, MHP, Self-Storage | No restaurant, no car washes, no hotel/motel. Owner Occupied Preferred $500K - $35mm DSCR1.25 Over $1 M 3-4.25 25 year amortization due in 10 yrs., 5 yr. - 4.75 Multi & Mobile Home Park 30 yr am. 30 yr Under $1M add 25 bps - 75% LTV Max |
|
| Multifamily | FNMA, Freddie, FHA. $5mm+ -apartment lending ONLY. May consider lower loan amounts on case by case basis. |
|
| Multifamily | Multifamily (apartments) exclusively California Owner-Occupied or Investor five units or more $250,000 - $10mm+. 30 years due in 30 |
|
| Multifamily | Multifamily properties of 5 or more units, and mobile home communities of 50 or more units Competitive Fixed Rate financing - terms from 5 to 15 years Top MSAs in 10 Western states $750,000 to $5,000,000 $5,000,000 and up for Multifamily (Stabilized, construction and rehabilitation),Student housing,Senior housing: Independent living / Assisted Living / Skilled nursing facilities |
|
| Multifamily - (Acq or Refi) | Direct Lender for 504 program nationwide Highly competitive rate w/max proceeds Up to 80% LTV Flexile prepayment option - Non-recourse Streamlined process and underwriting |
|
| Multifamily - CA, MA & FL | Multi-family properties California, Massachusetts and Florida Strong Community Reinvestment Act lenders |
|
| Multifamily - Northeast | 100% Portfolio Lender 25 year term/25 year amortization (no balloon) Up to 75% LTV max - 1.25 DSC min Fixed rate reset every 5 years $3mm - $10mm No minimum Non-recourse for Multi Family Only Full recourse: Investor & Owner occupied mixed use, office, retail, industrial No Construction, nor hotels, gas stations. Northeast including NY / NJ |
|
| Multifamily & Healthcare | Skilled nursing, assisted living and hospitals HUD-insured multifamily loans nationwide. Bridge to HUD for multifamily and healthcare Nationwide. |
|
| Multifamily-Mixed Use Properties (Stabilized) | $1,000,000 to $5,000,000 Non-recourse 5, 7, 10, 12, 15, 30-year fixed rate terms Hybrid ARM options Up to 80% LTV Step down and yield maintenance prepayment options Partial and full-term interest only options Low closing costs NATIONWIDE |
|
| Nationwide - Credit Tenants | $1mm - $10mm 6-8 % Non-recourse LTV up to 75% dscr 1.2 Nationwide Income producing Apartments, Assisted living centers, Nursing homes, Light Industrial, Credit tenants Terms up to 3-5 years past the lease term Fast close 30-45 days |
|
| Nationwide Small Bridge Lender | Small private money lender $100,000 up to $4mm Nationwide Also bridge money Fix and flip residential loans ok |
|
| NNN credit tenant lending only | Special use NNN leasing Nationwide Gas stations,hotel/motel, MHP's, self storage To 65% LTV - 1.3 DCR Interest only / Non-recourse if really strong |
|
| NNN credit tenant lending only | Restaurant sector Will invest in mid to larger size operators (5 units or more) $2MM+ Acquisition and refi Limited service hospitality sector - Marriott, Hilton and Holiday Inn Express Seasoned properties in operation for 24 months + Provides term financing to existing bridge loans |
|
| NNN credit tenant lending only | $2mm - $50mm Conventional - Bridge financing Office, Industrial, Retail, Medical office, Warehouse, distribution Stabilized class A&B Recourse and non-recourse Interest only - 12 month forward commitment Rate lock available Up to 75% LTV for conventional loans | Up to 90% LTV for 504 loans 20/20 fixed to 30 years amortization - fixed and floating Pre-pay flexibility - No reserves or escrow National |
|
| Non-owner Occupied Residentail / Bridge Loans / RE backed LoC / New Construction | Nationwide Direct private lender Short-term $50k to $2.5mm+ Acquisition, bridge non-owner occupied residential investment and commercial, new construction Real estate-backed lines of credit Fix and Flip / 80% of purchase price Not FICO oriented |
|
| Owner Occupied - CA | Los Angeles County, Ventura County, San Bernardino County and Orange County Will consider other parts of CA / states |
|
| Owner Occupied large | $5mm_ 50-60% LTV 1.20 - 1.30 DSCR 10% A/B-class real estate,MSA and borrower |
|
| Private | $500K or less 13-14%, 4 points TX |
|
| Private | $1mm - $10mm Can close in 2 weeks or less Can close without appraisal Low Due Diligence fees |
|
| Private | To $3,000,000 LTV to 65%, 70% available 9.99% - 11.99% No Prepay penalty Min FICO 625 Up to 60 months 3-5 Points at close CONSTRUCTION to $2mm LTC to 80% LTV 60% - 65% 10.99% - 11.99% No prepay penalty Min FICO 650 9 - 15 months 4 - 5 points at close |
|
| Private | $1mm - $10mm+ LTV 70-75% LTC varies but high New cash in on DPO's 9.25%-13% 2-4 points at close |
|
| Private - SoCal | Hard Money at soft money rates | |
| Private - West Coast | $1mm - $5mm Office, retail, industrial NV, CA, WA, OR 24 – 36 months 12.95% Max 50% LTV 4.25% fee Interest reserves for term of loan if not an income-producing asset Land OK at steep discount Income-producing property preferred No existing SFR’s |
|
| Private - West Coast | $500k - $25mm ($1mm minimum outside CA) Land acquisition to 40% LTV HARD MONEY Office, industrial, retail, apartments, MHP, R&D, mini-storage, condo conversion Land, entertainment complexes, hotels / motels,other special use on case by case basis Prefer entrepreneurial, hands-on leasing and management, proven experience, local market presence, credit-worthiness Leverage/Equity Loans to 75% LTV Higher LTV considered on purchase transactions and special circumstances LTC to 75% 9% - 12% Fees 2 to 5 points Short term fixed or adjustable 1 - 10 years Construction 12 - 24 mo Interest only, Recourse / Non-recourse available |
|
| Private (US & Canada) | Short term bridge $1mm - $5mm 9.75%-12% 65% LTV or less No ground up - Rehab OK USA and Canada |
|
| Private & Equity | Alternative to Equity Land investments interest rates 18- 24 % 10 - 20 % ownership 12 mo 30% LTV on land- To 50% on incoming producing property |
|
| Private Lender | $5mm - $50mm Fixed rates 5 and 10 year terms LTV up to 75% As low as 4.50% on 5 yr loan - high quality assets /10Yr: as low as 4.75% Origination Fee: Par Cash flowing hotel, single tenant, grocery stores with good cash flow Bridge loans for right scenario |
|
| Private money | Up to $1mm CRE collateral w exit required 65% LTV Max FAST close |
|
| Private money | Construction / resort development Private fund looking for IRR of 20% |
|
| Private, Bridge & Construction | Private fund Bridge financing $1mm -$10mm For income producing properties Preference for NNN and can commit 100% construction financing for NNN |
|
| Private, Mezz, Pref. & JV Equity | $5mm - 30mm per transaction 1-5 Year terms Senior debt, B Piece, Mezzanine, Preferred Equity, JV equity Hospitality, Multifamily/Condo, Retail, Industrial Reposition, Note Purchase, Restructure, Construction Completion, DIP Financing, Direct Investment, Sale-Leaseback |
|
| Residential Development / Alternative Hospitality Construction / Hospitality Construction | $3mm - $50mm Up to 85% LTC |
|
| SBA | SBA Nationwide | |
| SBA | $500k - $4mm Hospitality - SBA-USDA / 7a, 504 & conventional Owner occupied properties 50 states |
|
| SBA | SBA 50 states | |
| SBA | NO Combo Conventional/SBA loans SBA 7A loans, SBA 504s, and SBA Express Acquisitions, expansions, start ups, build outs, partner buy outs No churches, no investments. No Gas Stations at the moment DE, FL, IL, IN, KY, MD, MI, MS, NJ, OH, PA, VA, DC, WI |
|
| SBA - CA | CA ONLY $50k - $6mm exceptions to $12M Amortization 30yrs / Fixed 1, 3,and 5 Office Buildings, Strip Centers, Light-Industrial, Auto Body/Auto Repair, Churches: Based on disposable income and LTV Single Use, Warehouses - 70% future value Construction usually not over $2mm Multi Family and Mixed Use, Manufactured Homes, Rehab loans up to 80% off of ARV, so can be 100% NO GAS Station or Auto repair with lifts or tanks. Max LTV refi 70% / Purchase 75% Portfolio loans / Will Cross collateralize Fees are par or +1 1,995 processing and doc fee 1003, credit report, rent roll, leases, photos and income docs to get LOI if qualified |
|
| SBA - CA | Owner occupied, investor, and multi-family - SBA 7A & 504 Conventional Financing $750K to $5mm for Commercial Real Estate NO business only $1mm minimum on apartment loans NO cash outs unless used to pay off existing business debt CA |
|
| SBA - CA | Northern CA only All SBA loans INVESTOR loans |
|
| SBA - CA | Preferred Lender Participation (PLP) Loans CA, Nevada, Oregon and Washington Business only transactions on 7A, 504 loans All property types SBA Quick closings |
|
| SBA - East Coast | Commercial Real Estate, Construction, Machinery & Equipment, Inventory, Business Acquisition, Franchises, Partner Buy-Outs, Refinance, Working Capital SBA 504 Program - to $5.5 million- 35-40% SBA loan rates,50% Conventional rates Borrower equity 10-20% , Up to 25 year terms, Fixed and Variable rates SBA 7(a) Program - to $5.5 million, to 90% LTV, to 25 year terms Pricing tied to Prime rate - No Balloon USDA Program to $5 million, to 80% LTV, to 25 year terms, Fixed/Variable rates, No Balloon |
|
| SBA - FL | Florida only $100k to $5mm - Amortization 25 years Franchise and Professionals Min 51% Owner Occupied NO Apartments Owner-Occupied or Investor: Min 51% Owner Occupied SBA Preferred Lender with 100% financing for Professionals 10% down for other SBA loans Business Acquisition, Franchise Start up/expansion, Equipment Purchases, Working Capital and Debt Refinance. SBA 504 available |
|
| SBA - GA | Special use assets with Real estate - hotels, gas stations 20 states from the Southeast to Texas SBA 7A Franchise financing (business only) in GA only |
|
| SBA - GA & NC | SBA loans - GA and NC Fast underwriting Very aggressive |
|
| SBA - MO, IL & KS | SBA and conventional Missouri, Southern Illinois, Kansas select MSAs |
|
| SBA - National | USDA B&I (Business and Industry), SBA 7a, SBA 504 & conventional loans Construction to permanent All industry types All 50 states |
|
| SBA - National | USDA B&I loans and SBA 7(a) $5,000,000 for B&I and $2,000,000 for 7(a) Construction - smaller ground-up projects (<$2M) for strong projects Nationwide Fast turnaround with timely receipt of documentation |
|
| SBA - Owner Occupied Only | $250,000 - $5,000,000 Amortization: 25 years Owner User CRE, Partner Buy Outs, Biz Acquisitions, Equipment Property Types: Owner Occupied, Anything but Assisted Living Lending territory: Everything but Southeast, Mid-Atlantic Northeast, TX and OK |
|
| SBA - SouthEast | Mostly Southeast - Will do gas / C-store - NO hotels | |
| SBA - West Coast | Very aggressive SBA 7A loans-business only and CRE based CA, AZ, UT, NV, OR, TX, ID, WA. No special purpose properties under fixed rate 7A program CAN DO special purpose under traditional variable rate 7A Program |
|
| SBA (7A) / Construction / Investment | Commercial loans - Florida, Alabama and Arkansas SBA 7A and conventional Commercial Real Estate, investment properties and construction |
|
| SBA (Non-Bank Lender) | Non Bank SBA Lender - Focusing On Restaurant Franchises. | |
| SBA / RE Purch, Refi, Construction / Biz Aq / Start-Ups | $250k - $5mm - Amortization to 25 years SBA loans - CRE – purchase, refinance, construction Business acquisition loans for experienced operator buying business with good DSC StartUps- MDs, professionals, and national franchises Owner occupied CRE NO equipment that rolls, floats or flies, hotels All 50 states Owner-Occupied (no investors) CRE Loans up to 100% appraised value |
|
| SBA / USDA | $500k - $15mm Terms to 30 years, fixed and adjustable rates, flexible collateral requirements NATIONWIDE |
|
| SBA / USDA - CA | SoCal only Commercial loans including gas stations and other difficult property types |
|
| SBA & Conv - CA | CA local bank for SBA | |
| SBA & Conventional | General bank paper type loans, SBA, etc. | |
| SBA & Conventional - CA & West Coast | To $5mm SBA loans for owner user CRE up to 90% and pay Decision and issue LOI within 2 business days after receipt of a complete loan app and 3 yrs of business and personal tax returns Final approval w/n 30 days after receiving signed LOI Can close hard to do loans even if they are declined by large banks: Email 3 years of Tax Returns both personal and business Can be pre-qual same day CA and nearby states |
|
| SBA & Conventional - West Coast | Owner and non-owner occupied CRE, multi-family, small farms Conventional, SBA for most property types including self-storage Construction financing, Equipment loans and lines of credit, including commercial equity lines where adequate equity is available in the underlying property To 75% LTV conventionally and 90% with SBA Amortizations: Up to 25 years on most property types and 30 years on Multi-Family Primarily California, and most western and mid-western states west of the Mississippi DSCR: 1.25:1 - some flexibility on OO CRE, higher on some NOO 25-year fixed on SBA loans, and up to 15 years fixed on conventional |
|
| SBA & USDA | SBA 7a & USDA B&I Mixed Use, Professional Office (Attorneys & Accountants), Assisted Living Facilities, Day Care, Wholesalers, Auto Repair, Used Auto Sales, Retail Stores, Light Industrial Building, Liquor Stores, Convenience Stores, Medical Office (Doctors, Chiropractors, Dentists, etc), Manufacturing Companies NO Gas Stations, Hotels, Churches, Apartment Buildings, Construction Loans, Mobile Home Parks, Insurance Companies, Non Profit Organizations, Morally Compromising Businesses Lending East of The Mississippi River Owner Occupied - Investment allowed on in USDA B&I areas SBA 7a: $250,000 – $ 5,000,000 USDA B&I: $500,000 – $5,000,000 Amortization: SBA 7a: 15/20/25 / USDA B&I: 15/20/25/30 The USDA B&I Loan needs to help the borrower create jobs or retain jobs Eligibility determined by subject collateral location and terms are dependent on the Use of Proceeds |
|
| SBA & USDA - East & SE | SBA / USDA All industries Lending territory New York to Louisiana |
|
| SBA 7 (A) | SBA 7(A) Nationwide and will do 100% for doctors at aggressive rates. | |
| SBA 7(A) | SBA 7A Community Advantage loans $50K-$250K For established small businesses needing funds for expansion, small businesses under 2 years old needing funds for expansion, new startup businesses, veteran-owned businesses, underserved areas. FL, GA, NY, NJ, CT, RI, MA and NH. SMAPLE LOAN TERMS: Interest Rates - Prime + 4.25% - rate determined by credit factors, terms may vary, packaging fee, 7-10 year maturity, collateral preferred, Minimum FICO 600, no prepay penalty |
|
| SBA 7(A) | Hotels/Motels, Manufacturing Facilities, Self-Storage, Auto Aftermarket - repair, body shop, etc., Day Care, Funeral Homes, Most Owner-User Businesses w w/Real Estate 10% Injection for Most Real Estate Transactions Up to 100% Loans for Medical Professionals Only 1 Year of Qualifying DSC - most recent year and interim. |
|
| SBA 7A | Southeast only SBA 7a | |
| SBA 7A - Franchise | Nationwide SBA 7a Franchise | |
| SBA 7A Hotel Financing, etc | $250k to $10mm Purchases of real estate, equipment and other fixed assets Loan refinancing to include discounted note payoff and debt restructures Business Acquisitions and Change of Ownership. Terms up to 25 years with NO Balloon Low Payments Owner user ok Hotel Financing: Interior & Exterior corridor, Flagged and non flagged Hotels, Motels and Bed & Breakfasts Nationwide |
|
| SBA 7A - Nationwide | Hospitality, gas stations, industrial, professional properties, assisted livings, etc. SBA 7A for CRE $1mm - $5mm+ CA, TX, GA, AL, NJ and NY |
|
| SBA 7A / 504 | Revolving lines of credit, equipment loans, Owner Occupied CRE, investment CRE (industrial, warehouse, retail), multi-unit apt and letters of credit SBA 7A / 504 MN, IA, MO, KY, OH, MI, No C, So C, GA, AL and FL - other states / MSAs |
|
| SBA 7A / 504 | SBA 7a and 504 ME, NH, MA, VT, CT, NY, NJ, PA, DE, MD (DC), VA, NC, SC, FL – other states case by case |
|
| SBA 7A & USDA B & I | Conventional and SBA Conventional to $25 Million Can structure credit facilities to customers specific needs with rates and terms that focus more on what works for the client verses what fits into a credit model |
|
| SBA 7A, 504, USDA Lending | All SBA eligible industries, includes ground up construction, acquisition and refinance 100%+ financing available for medical/professional industries including dental and veterinary - Chiropractors 90% financing Ground up construction for hospitality. |
|
| SBA Loans | $500K to $7mm SBA 7(a) Small Motels/Hotels, Gas Stations, Campgrounds, RV Parks, self storage Will consider all owner occupied and leasehold (franchise) with sufficient collateral NO Apartment buildings or any passive investment activity - tanning salons, smoothie and ice cream places, golf courses Owner Occupied\$500K to $7MM by adding up to $2M conventional loan with a $5M 7A loan Selectively offering conventional bridge to 7A Up to 25 years Amortization, no balloon Nationwide |
|
| SBA(7A) | SBA 7a - some 504 Special Use: Flagged hotels, flagged gas stations, car wash, self-storage, assisted living, etc. Professionals: Up to 100% financing depending on the need -Medical, dental, veterinarian, attorneys Franchise lending: Like to do 2nd and 3rd stores, will consider first store for the right franchise and/or borrower Most other 7A/USDA and some 504 No short sales BK needs to be 5+ years back with good reason why |
|
| SBA/USDA - East & Southeast | National SBA Preferred Lender (PLP) $500k - $10mm SBA 7(a), 504, Conventional CRE Loans USDA Business & Industry Program (B & I) Commercial Real Estate Purchases, refinance, leasehold improvements with purchase Business Expansion, Machinery & Equipment, Hotel, Gas Station, Gas Station C-Store, Restaurant, Dry Cleaner, Daycare, Professional: Architects, CPA’s, Engineers, Lawyers, Veterinarians Medical: Chiropractors, Dental Labs, Dentists, Doctors, Optometrists, Imaging Centers Manufacturing, Car Wash, Lube Center, Franchise with commercial real estate CONVENTIONAL COMMERCIAL REAL ESTATE: Apartments (Multi-family),Assisted Living Care Center, Automotive Repair Shops, Commercial and Industrial, Day Care, Dental Office, Funeral Homes, Hotel/Motel, Light Manufacturing, Medical Office, Office, Office Condo, Office/Warehouse, Restaurants, Retail Typical terms conventional commercial real estate transactions: All multi-purpose transactions 60% LTV or less All special-use transactions at 50% LTV Refinance, if acquired less than 5 years ago purchase price will be used to determine LTV Loans of $4Million or less - loans of $2.5 Million or less are preferred Seasoned multi-tenant investor properties STNL if tenant financials are available Flagged hotel/motel less than 10 years old with fewer than 100 rooms, Hotel/motel with experienced operators and strong historical cash flow Adult care facilities with experienced operators LA, MS, AL, FL, GA, SC, NC, AR, VA, MD, KY, TN, WV, OK, MO, IL, PA, OH, IN |
|
| SBA+ | SBA CA, WA, OR, TX, AZ Sub-prime Commercial also |
|
| SBA504 / Ground Up Construction | SBA 504 & EB5 Ground up construction including hospitality Construction program is not a premium based program however the nationwide 504 program is |
|
| SBA7 (A) | Nationwide | |
| SBA7 (A) | $2.5mm - $15mm - 1.35 DSR; | |
| SBA7 (A) | SBA / USDA $500k - $5mm Commercial Owner occupied Construction loan or a government enhanced SBA / USDA permanent loan Office buildings, office & medical condos, retail buildings, shopping centers, acquisitions |
|
| SBA7A | SBA 7a loans for owner-user real estate acquisition & refinance $250k - $5mm Owner-Occupied Amortization: Up to 25 years Manufacturing, Office, Industrial, Retail, Special Use (restaurants, hotels, gas stations, B&B’s, daycare, dry cleaner, funeral home & more) All 48 domestic states |
|
| Securities Lending | Under 4%, no pre-payment Structuredas a line of credit $100K minimum, no maximum FAST CLOSE - under 1 week in most cases |
|
| Securitites Financiing | NON-TRANSFER OF TITLE / NON-TRANSFER OF OWNERSHIP Loans against all kinds of securities: stocks, bonds, mutual funds, CD’s, CMO’s (Fannie Mae/Freddie Mac ONLY) All states and internationally $50,000 – no upper limit Amortization: Varies Most loans close in 10 - 14 days Rates as low as 1.5% IO Virtually No Doc Term Sheet (quote) within 24 – 48 hours after submission of all required docs |
|
| Self-Directed IRAs | Self Directed IRAs | |
| Small Balance Agency | Receivables-Construction, sub-contractors, energy and, IT | |
| Small Balance Agency | Small balance Agency FNMA/FHA/FHLMC apartment deals between $1 million and $4 million |
|
| Small Multi-Family | $250k - $5mm Apartment properties w/at least five units. Investment and owner-occupied income producing properties Industrial Building / Warehouse, Multifamily, Office, Retail Adjustable Rate Mortgages Typical Fee: .5% to 1% Nationwide |
|
| Sub-Prime Business Purpose Commercial Risk-Adjusted Pricing | Alternative commercial
lending True NO-INCOME for residential investors 1.25 DSCR required on commercial non-owner user to $2mm 70% LTV under a million / 65% LTV over a million / No Limit on Cash Out Residential, Multi-family, Mixed Use, Office and Retail 30 year amortized w/fixed interim terms of 3, 5, and 7 w/no balloon and I/O Option $100K to $2mm Lending To: Individuals/Corporations/LLC's/LLP's/Family Trust AZ, CA, CO, FL, GA, ID, KS, MT, NC, NE, NJ, NM, NY, OK. OR, SC, TX, UT, VA, WA, WY Hard Money to $5mm Multi-Family, Mixed-Use, Office and Retail Also True NO-INCOME Business Purpose loans on O/O Residential |
|
| USDA & SBA - East Coast and Southeast | $5mm+ / can quote above $50mm Up to 80% on MF and 75% LTV on Commercial Construction on STRONG proposals Rates Libor + 250 bps and up 1 % fee Multifamily, Office, Retail, and Industrial NO Hotels Will consider Single Tenant 3, 5, 7 yr terms Non-recourse options for deals in the Northeast 55-60% LTV with a 10 yr Term NE and east coast and Alabama, Louisiana, Mississippi and Texas |
|
| USDA Lender | Nationwide USDA lender-aggressive | |
| Dental, medical, veterinarian, funeral home, insurane agency and phamacy lending | Specializes in dental, medical, veterinarian, funeral home, insurane agency and phamacy lending - NATIONWIDE. | |
| Private - FL | $100K - $2mm 50% - 60% LTV Palm Beach County only |
|
| Private - West Coast | Hard money loans - western half of the US. Very fast | |
| Conv. - FL | Very aggressive Florida lender SUPER LOW RATES - potentially in the 2s $5mm -$50mm Focus is on the sponsor more than anything |
|
| Conv. - Northeast | $3mm +/- About 40 mile radius in MA From Boston and about 25-30 miles north into southern NH and Maine Rates high 4's, low 5's 25-30 year amortization |
|
| SBA - West Coast | Direct SBA lender(PLP) that focuses on Utah and surrounding states. The main thing they preach is execution, can close in 30 days! Collateral based SBA lending-CAN DO GROUND UP | |
| Private - West Coast | $400K - $5mm Appraisals not always required 30 days or less close 10- 13% fees 4 points 1-5 yr term LTV65 % No upfront fees Funeral Homes, gas stations, Auto dealership, Marinas, Mobile home parks, Parking Garages Western states |
|
| Conv. - N.J. | Minimum Loan Amount - $2mm Northern and Central NJ |
|
| Conv & Constr - N.J. & FL | Acquisition and development loans NJ,PA,DE, D.C. and South Florida south of Pt. St. Lucie |
|
| Conv & SBA - FL | Aggressive lender in South Florida - will do entire state SBA 7A and 504 |
|
| Conv. & SBA - CA | SBA 504 and 7a - will consider 7a loans without real estate collateral, and for startup businesses including non-franchised restaurants if the owner is experienced in the business. Investor loans ranging from 60% to 65%LTV - up to 70% for very strong transactions/borrowers. HELOC - Second Deed of Trust product for both residential and commercial properties. If they provide the first (up to 70% LTV) they can also look at providing a 2nd up to $500,000 based on the “after” value, up to an 80% LTV. There is no borrower cost up to $250,000. (The borrower will have to open an account with the bank for this product.) TUnusual niches: lending to Home Owners Associations, and warehouse lines for residential lenders. CA, UT, AZ, CO & Las Vegas |
|
| Const & Multifamily - PA, NJ, DE, OH, MD | Multifamily Construction to 75% LTC / can do other construction if already pre-leased Lending area: PA, NJ, DE, OH and MD | |
| Conventional - CA | $500k - $5mm Mixed use (apartment over retail) only in San Francisco Cash -out available on all property types Retail and Industrial properties must be multi-tenant Rate locks available for 90 days. Apartments, shopping centers, mobile home parks, industrial parks NO OWNER OCCUPIED BLDGS UNLESS THEY ARE A TENANT AND USE LESS THAN 10% OF THE TOTAL SPACE NO AUTO SERVICES, RV PARKS, MINI STORAGE, STUDENT HOUSING, SINGLE PURPOSE PROPERTIES - EVEN TO CREDIT TENANTS. CA, OR, WA |
|
| Conventional - CA | $100k - $7mm Portfolio lender for Apartments, Student Housing, Sr Housing, Sober Living Apartments, Mobile Home Parks and Retail, Office & Industrial Properties. 2 - 4 unit non-owner Apartments for properties that do not fit for FNMA or Freddie programs. 30 year fully amortizing hybrids w/fixed rate options of 3 or 5 years and thereafter converting to a 6 months adjustable tied to 6 month LIBOR through year 30. Pricing falls into 3 categories, Tier 1, Tier 2 and Tier 3 - A, B & C quality properties Program for borrowers w/credit issues such as foreclosures, short sales or BK Apartments 5+ units, Commercial and 2-4 unit non-owner apartments Par and Rebate pricing available. Southern CA ONLY |
|
| SBA - Southeast | Professionals: (Doctors, Dentists, Veterinarians) – Up to 100% financing for: Practice start-up, expansion, acquisition, partner buyout. Can include working capital up to $1.5M in goodwill. Commercial Real Estate: 90% financing, 25-year term, 51% or more owner occupied, SBA 7A or 504 Can include working capital, equipment, improvements and closing costs. Refinances: No equity injection required, must save at least 10% on current debt service, up to 25-year term. Business Acquisition: 80% financing (10% can be seller note on standby), 100% financing on partnership buyout, up to $1.5mm Goodwill Buyer must have related experience, equity injection can come from HELOC, positive trends, no significant concentrations , can include working capital. |
|
Link: Commercial real estate loan rates, terms, forms download and submission information. Commercial Real Estate Acquisition and Refinance Loans: Interest rates start at 3% for qualified buyers. 65% - 80% LTV. Cash out max at 65% -75%. Commercial Real Estate Bridge Loans: In as little as 3 - 45 days. Interest rates start at 6%. Hard Money Loans: Commercial real estate hard money from 8%. Joint Venture Equity Financing: This program provides equity financing for large-scale development projects that require a joint venture partner. Large-Scale Debt Financing ($10 million and up): This traditional debt financing program provides loans for refinancing and acquisition at competitive rates staring at 3%. 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. Debt Capital Markets: Raise large amounts of capital and/ or acquire experienced management equity partners. These programs are for experienced developers and investment portfolio mangers only and require substantial up front engagement fees. This is a referral service. 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. Loans For Incoming Producing Commercial Property: Commercial Real Estate loans for office buildings, multi-family, and industrial properties and most commercial real estate investment properties. Bridge Loans and Permanent Loans available. A/R - ABL Business Loans: Accounts receivable and asset based business loans for existing, cash flowing businesses. Foreign National Loan Programs for Acquisition of USA Commercial Real Estate: We work with attorneys and commercial property insurance specialists who specialize in assisting foreign buyers obtain the necessary documentation to enable the client to get a commercial real estate loan at the best interest rates and realize significant savings. Commercial Real Estate and Investment Property SFR construction loans. Commercial real estate loan rates, terms, forms download and submission information. Contact Us |
||
© Michael Lewis Group Commercial
Real Estate Loans
|
||
We offer access to a variety of permanent and construction financing options to suit most client needs.
We can facilitate commercial real estate bridge loans
from $500,000 to $50,000,000 as well as acquisition
& refinance loans to $500,000,000.
Acquisition loans for single properties or entire
portfolios from $250,000 to $500,000,000 for
U.S.A. commercial real estate. We can facilitate loans
for non- U.S.A. residents in most situations.
Refinance loans for obtaining a lower interest rate and / or to leverage equity in your property to get "cash out" for property improvements or other purposes.
