Large bridge lender who has MONEY TO LEND up to $50M and ...

Private Money Bridge?Financing for Commercial?Mortgages

  • short-term bridge financing solutions for both first ?commercial mortgages
  • bridge the arrival of longer term financing from a conventional institutional lender or to provide time to value-enhance a project or property type prior to sale
  • bridge?financing covers conventional and non-conventional situations and typically last from 1 month to 3 years
  • size range: $250K ?to $50 million

Private Money Construction Loans & Pre-development Construction Mortgages

  • construction?mortgages to complete:
  • residential and commercial new construction building projects
  • revolving loan facilities for new construction and builder inventory
  • renovations, conversions and expansion financing for the changing uses of real estate
  • streamlined draw process to meet the timely capital requirements of borrowers seeking construction loans
  • structures of construction mortgages vary according to transaction requirements and are flexible and custom-tailored to meet a borrower's specific construction loan requirements
  • relatively short-term commercial mortgage financing requirements (typically 1 year to 3 year terms)
  • range of commercial construction mortgages: $250K to $50 million
  • Eligible Properties

    ?

    Typical properties include the following:

    • commercial buildings
    • hotels and motels
    • new residential condominium construction
    • retirement and nursing home facilities
    • development lands
    • apartment buildings
    • automotive dealerships
    • industrial buildings
    • golf courses
    • recreational resort properties
    • plazas and shopping centers
    • cinemas
    • churches and temples
    • parking lots
    • multi-family residential
    • recreation-vehicle parks
    • private schools/student housing
    • subdivision servicing
    • builder inventory loans
    • condominium conversion projects
    • storage facilities

    Lending Area:

    US & Canada

    Minimum/Maximum Loan Amount:

    From $250K to $50M

    Minimum/Maximum Term:

    From 1 month to 3 years

    Amortization:

    Interest only or flexible amortization

    Rate and Points:

    Varies depending on circumstances ? RATES 10-12% ??????? POINTS 2-4%

    Payment Frequency:

    Monthly ? in some cases loans can include an interest reserve

    Loan to Value:

    Up to 65% on commercial/ industrial/land and construction loans, higher loan-to-value ratios will be considered with collateral security. Up to 75% on select income producing multi-residential/commercial/industrial properties.

    Appraisals/Opinions of Value:

    Existing appraisals from a qualified appraiser up to 1 year old are acceptable for commercial real estate financing

    Recourse/Guarantor:

    Depends on strength of Deal!!!!

    Turn Around Time:

    Once we have the NF information, we can usually provide a Letter of Intent within a few days, and approve a loan within two weeks!

    Best Regards,

    Source: http://sincityfinancier.posterous.com/large-bridge-lender-who-has-money-to-lend-up

    ahmad bradshaw tom brady halftime super bowl 2012 super bowl score madonna super bowl performance superbowl commercials best superbowl commercials