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Hard money loans for apartment buildings and income

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Apartment Hard Money Guidelines    

 

Property types : APARTMENT BUILDINGS AND OTHER, income property and land (major market)(COMMERCIAL)
PROPERTY TYPES:

  • Underwritten based on equity in the property AND borrower experience
  • A-C property and rehabs (NO D’S)

TYPES OF LOANS:

  • Maturing CMBS Bridge Financing
  • Note Acquisition Financing (Performing or Non-Performing)
  • Discounted Payoffs (DPO)
  • Construction Takeout Loans
  • REO Acquisition Financing
  • Cash Out Financing
                           

PREFERRED PROPERTIES:

  • Apartments/Multi-Family Loans
  • Industrial Loans
  • Office Loans
  • Retail Loans
  • Mixed Use Loans
  • Flex (Office/Warehouse
  • Self Storage
  • Assisted Living

FINANCING PARAMETERS

  • $150,000 - $10,000,000 (per asset)
  • Target 65% LTV
  • Target 2 year term (UP TO 5 YEARS)
  • Non-Recourse Available
  • Floating rates, high 8’s – 11% (SOFT MONEY) HARD MONEY TO 14%
  • Fixed Rates available

NOTE ACQUISITION FINANCING
Performing, Sub-Performing – distressed

    Single loan purchases
    • Small loan pool purchases
    • ***MUST BRING SOME CASH TO TABLE
    •  
    • UP TO  50% land (RAW LAND)

     

   
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