Commercial Mortgages

Types of loans provided:

1. Construction Loans:  3-5 years; interest only; 70% - 90% LTC;
2. Bridge Loans:  1-5 year transition loans; interest only;
3. Permanent Financing:  30-year amortization; 5-10 year term; fixed or variable rates;
4. Takeout Loans:  Construction-to-Perm Loans (saves on closing costs and fees)
5. Mezzanine Loans:  Maximizes LTC up to 90%; subordinate to 1^st Mortgage;
6. Hard Money:  1-3 year term loans; 10%-15% interest; 50% -70% of value;
7. Second Mortgages:  Secured by equity in property or other assets;
8. Wraparounds:  Lender provides second mortgage and assumes the 1^st mortgage;

 

Industries Served:

1. Hospitality:
2. Multi-family:
3. Office Buildings:
4. Health Care:
5. Retail:
6. Mobile Homes:
7. Self Storage:
8. Golf Courses:

 

Types of Financing Provided:

1. Traditional Bank Financing:  Par, correspondent relationships (same rate to borrower);
2. Secondary Markets:  Insurance company, pension funds, private capital sources;
3. SBA 7a:  80% LTC, variable rate loans; purchase or refinance, owner-occupied; $1.5M;
4. SBA 504:  90% LTC, fixed rate, development loans (land, buildings machinery); $1.3M;
5. HUD FHA 221(d):  Insured Construction Loans for apartments and Co-Ops;
6. HUD FHA 223(f):  Insured Acquisition Loans for Apartments and Co-Ops;
7. HUD FHA 232:  Healthcare; Senior Living construction to perm loans;
8. Conventional Apartment Loans:  80%, 30-year Am; non-recourse;
9. Equity participation: If required!
10. Condo Conversions or new construction: Program available to purchase 30% of units;

 

Geographic Areas Served:

1. United States:
2. Puerto Rico:
3. Mexico:
4. Caribbean:

 

Project Financing:

1. Credit Enhancements:  Bank guarantees, MTN or Bonds - Enables 100% funding;
2. Equity Partners:  May be necessary to support high LTV loans; Less than 50%;
3. Worldwide:  European banks are more amenable to using credit enhancements;