Land Loan and Commercial Property Acquisition Program - Self Storage - Multifamily - Apartment - Office - Retail - Warehouse - Construction - Car Wash - Line of Credit

  

 

We want to make this easy.  We have access to millions of dollars earmarked for the street for 2009.  Here are the straight forward guidelines for difficult to finance properties such as Mobile home parks, self storage, apartments, retail strip centers, office and even land.  Loan amounts ranging from $250,000 - $30,000,000+ 

If you are looking for competitive bankable financing please contact us for a quote or visit our commercial loan programs.

Property types and Locations

  All property types are considered including land Nationwide - NO HOUSES
  NO refinances for land available unless you have entitlements or finished lots
  Must be in the path of growth
  Greater than 20,000 population is preferred
  Commercial or residentially zoned property
  1st lien position typically - we do have a Line of Credit option for income producing
  As - is value only - We will NOT give you credit/equity for a higher appraised value

If you are looking for residential loans we are not the place

Typical Borrower Profile

  Builder - Developer - Investor
  Professional
  Experienced
  Has several projects in the works
  Decent credit - Bad credit will not be turned down if you have cash in the deal

The Private Money Offer - For Other Commercial Property

  Purchase money only - NO refinances for land at this time
  12 - 15% Interest only for the first 12 months
  1st lien position usually - we do offer Mezz pieces of a case-by-case basis
  No maximum term but 2nd year would usually cost more
  Appraisals required on a case-by-base basis
  Line of credit
  No pre-pay penalty
  Cost is deal specific - Please call to discuss.

All The Details

  Stated Income - Stated Asset
  Require a solid and believable exit strategy
  Requires a site visit
  No appraisals required
  You pay for the travel expenses, 3rd party fees such as title reports, attorney fees to draft note - NO Up-Front Fees

Next Steps

  Call us to discuss - If you pass the test you will be required to submit:
  Executive summary - explaining the deal  on paper
  Location map
  Purchase contract
  Proof of funds to close

 
Some examples of closed deals:

Raw land located in Dallas, Texas - Purchase price 3.5M borrower comes to the table with 950K - Strong Professional - needs 6-12 months for zoning and engineering to sell out.  - CLOSED - 12% 6pts.

45 finished residential lots located in Phoenix, Arizona - Refinance - 3.785M - Professional Builder/developer - Strong Credit - average net worth - CLOSED - 12% - 5pts. 

5 unit condo in Miami, South Beach - Purchase price - 1.4M - borrower brings 425k - Poor credit - professional - CLOSED - 12% - 6pts.

 
If you are interested?
  • Call us and let's chat about your property/loan. 1-888-848-4731 and we will tell you if you fit our profile.

    • Some Final Thoughts
     
    We are looking for educated, quality borrowers corporations that are willing to sign personally on each transaction, usually doesn't meet the bank guidelines, doesn't have time to wait for the bank, or doesn't have the necessary cash reserves at the present time to meet the If the situation fits our loan parameters, then it is very likely we will offer you a loan.  If you are looking for bankable financing please visit our other commercial loan section.
    Understand though that the loan we can offer you may or may not be the answer to your lending needs and wants. We will give you a quick and common sense answer.
    We are only interested in making a loan that you will pay us back on. Some property types are much better than others in our opinion .


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