Commercial loans
We have access to all types of commercial property financing including Special Use properties across the US.
Gas Station Financing - Eligible Property Types - Properties eligible for gas station commercial real estate loan program should be gas stations and convenience stores of above average condition, environmentally compliant (no tank violations or overdue inspections) and located in medium and above market sectors. Loans Must be Secured by Real Estate - Business Only Financing See Business Loan - Brand Names or Non-Branded Names OK Owner Operated or Investor Gas with C-Store Welcome Programs Available for Full-Service Stations SBA 7(a), 504 and Non-SBA Programs Established Businesses Only - No Start Ups -
Construction Loans
EXAMPLE PROGRAM:
Experienced builders only with a maximum exposure to any one borrower of not more than $6,000,000. Infill residential lots preferred but will consider new plats.
ALL TYPES OF BORROWERS Individuals, Corporations, LLCs, Foreign Nationals Spec Construction or Owner Builder Non-FICO driven. Decisions based on the quality of the project REALISTIC CONSTRUCTION PERIODS and No prepayment penalties Refinance, Occupy or Sell the property at your leisure FLEXIBLE DISBURSAL SCHEDULES Fast payments for completed line items PORTFOLIO LENDER
Loan Amounts: Up to $6,000,000 Loan to Cost: Up to 75% Loan to Value: 60% is typical, exceptions up to 65% Interest Rates: 8.99% - 9.99% Prepay Penalty: None FICO Score Min: 600 Loan Term: 12-24 months Lien Position: First only. This program is available only in: AK, CA,CO,HI,ID,NV, OR,UT,WA
Commercial construction loans are construction loans to build projects such as apartment buildings, mixed use/apartment buildings, self-storage facilities, retail office buildings, warehouses light industrial properties, special purpose/unique properties, hotels motels, restaurants, and multi-family housing.We can provide construction loan services for any commercial or multi-family projects. We have construction loan programs to fit almost every need and situation.
Not All Programs are listed
LARGER PROJECTS:
Options are available to all States and International. A basic description of project qualifications and the program’s general parameters is found below.
- Amount: $3,000,000 to $300,000,000+
- Typical Loan to Cost: 65% LTC
- Increased Loan to Cost to 85% LTC with Mezzanine / Preferred Equity
- Equity: Up to 90% of required equity
- Rate: 6% up depending on lending source
- Term: 1 to 3 years
- Non-Recourse: Available
- Prepayment Penalty: None to 1%
In order for us to proceed to a formal loan offer we will need to review the following
information:
- Executive Summary or Business Plan to Start Review
- Current dated business financial statements and personal financial statements on the
individuals of the borrowing entity - Schedule of Real Estate Owned by the principals of the borrowing entity
- Itemized construction budget indicating total project costs, costs paid to date and costs to be paid.
- Proposed draw schedule during construction and lease up
- Operating proforma through lease up and stabilization
- Recently completed market / feasibility study if available
- Copy of project approvals
- Bio’s on the entire project team (General contractor, architect, engineer, leasing and
marketing firm, project manager, etc) - Architect renderings of the project
- Digital photos of the subject site and surrounding area