| Niche Lenders |
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Private Commercial Mortgages
- Fast, private
money loans on "scratch and dent" properties and "out
of favor" properties (first mortgage position only).
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| High Leverage - using
tax exempt bonds 100% financing can be achieved for the right
sponsor. We have closed several conventional transactions that
achieved 95 to 97% leverage. |
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| Non Recourse - we have
created unique 'outside the box' solutions to make lenders comfortable
with the risks of a transaction without a borrower being required
to sign a personal guarantee. |
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Condo Conversion Financing
- most lenders require massive presales. We have relationships
with lenders that do not require presales.
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| Bridge Loans - we closed
a deal in 11 days
from first phone call with the client to funding. |
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| Hospitality Financing
- we have lenders that make loans on hospitality properties
ranging from Mom & Pop hotels to mega resorts. Construction
financing is also available on this property type. Leverage
is currently in the 50-60% LTV range with an interest rate floor
of 8%. |
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| Vacant Land - depending
on the financial strength of the sponsor loans on vacant, non
income producing land can be arranged. |
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| Special Use Properties
- we have funded partially completed subdivisions, rural recreational
resorts and are currently entertaining a funding request for
a non denominational church. If there is an income stream we
can find a lender. |
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| Tax Exempt Bond Financing
- We have a relationship with a conduit issuer of tax exempt
bonds that has streamlined the process of raising large amounts
of capital for multiple, similarly themed projects in multiple
municipalities with multiple disbursements. Signifigant time
and cost savings can be achieved verses conventional bond financing
mechanisms. To be considered projects must have a 'public purpose'
such as: affordable housing, student housing, jails, education,
power generation and airports. Contact David
for more information. |
