National Par Private Family Asset Based Ground up Construction and Refinance i.e.(Hospitality, Medical (Assisted Living, or Value Added/i.e., Office,Retail) Normally 5.85%-6.1%fixed 30/10 @ Par *(subject to charge); broker, referral agent only, (no principals) to $15MM Non Recourse, seeking Refis, 3 Million+ (NO land,Infrastructure, Multi-Unit/Apts, SFR/or SFR buildouts) Private Labeling/Table Funding, is offered where appropriate. Brokers/Referral sources are protected through Commission letter with borrower source, Payable COE (close of escrow).
While we will do metro Areas, we particularly like less dense centers, as the cost basis is usually less. Accordingly, we now offer Non-recourse loans, 5.85-6.1% 30/10 at Par on targeted loans. Asset Based, Par Private Family Direct With rollover option up to 2 years. Most Refis to 70% 3M to $15M Non Recourse Loans; Ground up Construction Loans (loan to Cost) Metric, up to 80% LTC.
As we are Nationwide focused Par Private Direct Lenders normally seeking $3 MM and up Commercial Loans, not brokers, & we per policy do not refer. Sorry However, questions/scenarios are responsively reviewed at firstname.lastname@example.org ;so for fastest response send loan summary/questions to email@example.com we aim to be responsive.
Additional Lending Parameters
” Niche Lender as Unique is now Routine”; limited 2nd TD/Mortgage program $1M Minimum
Always seeking,Office, Retail, , Mixed & Special & Shovel Ready Construction/RefinanceRefinance to 70% LTV and Construction normally to 80% LTC
Special Use Loans: including Hospitality: (Hotel/Motel, Self Storage, Medical Office, Assisted living, Shovel Ready Commercial Construction, Mixed and some Special Use,. Property location and method of proposed repayment, determine level of interest and rate/term.No Apartments*, except for in a mixed development
As private lenders, we have a lot of inquiries, but we attempt to responsively answer questions/ and view Executive Summaries for consideration that fit our general criteria, through email, phone numbers are posted on the website, but normally we recieve a summary via email at firstname.lastname@example.org and the Managing Director, will make contact using a private number, assuming interest.
General format: (loan amount, pictures/or old appraisal, EXECUTIVE SUMMARY, to include purpose of loan/payoff information/estimate of valuation with date/if applicable) To pursue a loan, we will require a commission agreement/between submitting source (broker/ referral agent) and borrower, (for us to establish agency only.) before we can do more than preliminary underwriting or initiate a site visit. Construction loans will require a cost breakdown/proforma. Phone numbers are on the web site, but email, is the quickest and preferred method of communication. Managing Directors will call broker/referral source, upon receipt of summary/question.