Apartment building loans – for purchase and refinancing
85% Loan-to-Value
(80% with Cash-out Refinance)
35 Year Amortization
35 Year Term (no balloon)
7.5% Seller promissory note allowed for down payment requirements – (For Acquisition only)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
No personal liability (non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service Coverage
This loan is always assumable.
Third-party expenses and loan costs are able to be financed.
We also provide funding for Non-Owner Occupied Rehab Programs, Note Purchases for Banks, and a variety of Hospitality Financing up to $25,000,000.
Business acquisition or franchise start-up
For a limited time The Business Starter Loan
Features:
Loan Amount: $500,000 to $2,000,000
Approved Loan Purposes: Franchise Start-ups Franchise Acquisitions Business Acquisitions
LTV: No collateral requirements in selected states
Borrower Injection: As low as 20%
Term: 10 Years
Interest Rate: Prime + 2.75%. Lower rates for real estate
Personal Guaranty: Required of all owners
Pre-Payment Fee: None
Balloon Payment: None
Origination or Points: 1.0%
Debt Coverage Ratio: 1.30 for two years
Eligible Businesses: Must be Privately Held, For-Profit, Owner Operator
Borrower’s Experience: None Required for Approved Franchises
3 Years of Related Experience for Non-Franchise
Working Capital: Funds Provided to Cover 3 – 6 Months of Expenses
Commercial loans for your owner occupied real estate
Restaurants, auto dealerships, assisted living, day care, funeral homes, much more
Mixed use okay
Office and industrial condos
Up to 75% LTV on owner occupied purchases
No balloon payments in many cases
Never an up front fee until an established lender has issued an approval letter (conditions always apply but this makes sure you aren’t paying out up front money for pie in the sky)
Medical loans for practices, start-ups, partner buyouts…
Use of Proceeds: Practice Start-ups or purchase / expansion, partner buy-out. Real Estate or leasehold can include equipment, furniture or working capital.
Loan Amounts: $250,000 to $2,000,000
Cash/Equity Injection: 10% of total project costs.
Experience: Proper license and 2 years direct experience in the industry.
Loan Terms: Term up to 25 years. Fully amortized (no balloon).
Interest Rates: Dependent upon strength of practice Rates from P+1.25% - 2.5% variable
Collateral: No minimum for Start-ups up to $500,000 No minimum for Acquisitions to $1,000,000
Personal Guaranty: SBA requires 20% or more from all owners.
Life Insurance: Key man life insurance may be required
New construction, major renovations, purchasing existing facilities, land acquisition, refinancing
Up to three times the annual tithe
More if you have a capital raising campaign or bond program
$500,000 to $20,000,000
SBA guaranteed loan, for real estate or purchase / expansion of an existing business
Hard Money Loans – We are Doing Deals
but ask me why you should use my “soft money” program FIRST
$100,000 to $25 Million or more!
1 to 3 Year Terms
Good exit strategies are critical
QUICK CLOSINGS
LOW OR NO DUE DILIGENCE FEES
MUST have good credit!