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Products

USDA-RURAL

Loan Amount
$ 1,000,000.00 to $ 10,000,000.00
Max LTV
90 %
Fixed Term
10 yrs
Amortization
30 yrs
Rates Starting @
5.95 %
FICO Required
650

 

SBA 7A

Loan Amount
$ 500,000.00 to $ 2,000,000.00
Max LTV
90 %
Fixed Term
25 yrs
Amortization
25 yrs
Rates Starting @
7.00 %
FICO Required
680

 

SBA 504

Loan Amount
$ 1,000,000.00 to $ 14,000,000.00
Max LTV
90 %
Fixed Term
25 yrs
Amortization
25 yrs
Rates Starting @
4.750 %
FICO Required
660

 

PERMANENT

Loan Amount
$ 1,500,000.00 to $ 5,000,000.00
Max LTV
70 %
Fixed Term
3 yrs yrs
Amortization
30 yrs
Rates Starting @
4.35 %
FICO Required
650

 

NO-DOC

Loan Amount
$ 250,000.00 to $ 2,000,000.00
Max LTV
70 %
Fixed Term
5 yrs
Amortization
30 yrs
Rates Starting @
8.250 %
FICO Required
650

 

LIFE INSURANCE

Loan Amount
$ 2,000,000.00 to $ 100,000,000.00
Max LTV
70 %
Fixed Term
3 yrs yrs
Amortization
30 yrs
Rates Starting @
3.78 %
FICO Required
650

 

HARD MONEY

Loan Amount
$ 250,000.00 to $ 5,000,000.00
Max LTV
65 %
Fixed Term
2 yrs
Amortization
yrs
Rates Starting @
11.00 %
FICO Required
400

 

FREDDIE MAC

Loan Amount
$ 5,000,000.00 to $ 100,000,000.00
Max LTV
80 %
Fixed Term
5 yrs
Amortization
30 yrs
Rates Starting @
3.21 %
FICO Required
650

 

FHA/HUD

Loan Amount
$ 5,000,000.00 to $ 100,000,000.00
Max LTV
90 %
Fixed Term
40 yrs
Amortization
40 yrs
Rates Starting @
3.85 %
FICO Required
650

 

FANNIE MAE

Loan Amount
$ 1,000,000.00 to $ 5,000,000.00
Max LTV
75 %
Fixed Term
5 yrs
Amortization
30 yrs
Rates Starting @
4.50 %
FICO Required
650

 

CMBS

Loan Amount
$ 10,000,000.00 to $ 100,000,000.00
Max LTV
75 %
Fixed Term
10 yrs yrs
Amortization
30 yrs
Rates Starting @
4.68 %
FICO Required
680

 

BRIDGE

Loan Amount
$ 100,000.00 to $ 15,000,000.00
Max LTV
75 %
Fixed Term
2 yrs
Amortization
yrs
Rates Starting @
6.99 %
FICO Required
650

 

ALT-DOC

Loan Amount
$ 500,000.00 to $ 5,500,000.00
Max LTV
70 %
Fixed Term
5 yrs yrs
Amortization
30 yrs
Rates Starting @
6.25 %
FICO Required
575

 

CANNABIS FINANCING

Loan Amount
$ 500,000.00 to $ 15,000,000.00
Max LTV
60 %
Fixed Term
2 yrs
Amortization
yrs
Rates Starting @
9% to 12%
FICO Required
580

 

 

RURAL PROPERTIES ONLY

United States Department of Agriculture (USDA) Loans

The USDA helps create jobs and stimulates rural economies by providing financial backing for rural businesses and properties. Its primary purpose is to create and maintain employment and improve the economic climate in rural communities. USDA Loan proceeds may be used for working capital, machinery and equipment, real estate, and certain types of debt refinancing. This is achieved by expanding the lending capability of private lenders in rural areas and helping them service quality loans that provide lasting community benefits. This program represents a true private-public partnership.

REQUIREMENTS: Project must be in a designated Rural Area, as defined by USDA-population must be less than 25,000. (See USDA RHS Eligibility Map at http://www.rurdev.usda.gov/Home.html) Tenant income restrictions of 115 percent of area median income upon initial occupancy. Rents plus tenant-paid utilities may not exceed 30 percent of 100 percent of area median income. The property must comply with all RHS 538 GRRHP requirements until the loan maturity date, even if the loan is paid in full prior to such maturity date. A waiver may be obtained if affordable housing needs are met in the market. Substantial Rehab, a minimum of $6500 per unit in repairs.

Financing: Multifamily, Hotel/Motel, Industrial/Warehouse, Medical/Healthcare, Mixed-Use, Office, Retail and Self-Storage.

 

SBA 7A

The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes. SBA does not make loans itself, but rather guarantees loans made by participating lending institutions. In this way, taxpayer funds are only used in the event of borrower default. This reduces the risk to the lender but not to the borrower, who remains obligated for the full debt, even in the event of default.

 

SBA 504

The Small Business Jobs Act of 2010 temporarily expanded the ability of a small business to use the 504 Certified Development Company (CDC) Loan Program (504 Loan Program) to refinance certain qualifying existing debt. This temporary debt refinance program expired on September 27, 2012.

On December 18, 2015, Section 521 of Division E of the Consolidated Appropriations Act, 2016 (the Act) made a permanent change to the 504 Loan Program, authorizing the Program to be used for debt refinance in any year that the 504 Loan Program is at zero subsidy. SBA has received statutory authority to authorize the 504 Debt Refinance Program for up to $7.5 billion in addition to the $7.5 billion authorization for the regular 504 Program for a total 504 lending authorization of $15 billion.

Eligibility

To be eligible for the 504 Refinancing Program, a business must have been in operation for at least two years.

The debt to be refinanced must be a commercial loan:

That was incurred for the benefit of the small business concern not less than 2 years before the date of the 504 Debt Refinancing application.

The proceeds of which were used to acquire a 504 eligible fixed asset (i.e., owner-occupied real estate, land, equipment, etc.).

That is secured by 504 eligible fixed assets.

For which the borrower has been current on all payments for at least the last 12 months prior to application.

 

Permanent

Conforming loans, permanent financing are loans for bankable borrowers (Full Doc borrower(s)) long and short terms programs, borrowers with strong financials, liquidities, net worth and management experience. Most loans are recourse (personal guaranteed). A permanent loan is a financial structure to help borrowers capitalize on stabilized commercial investments through the use of flexible financing.

 

No Doc

A stated income loan is a mortgage where the lender does not verify the borrower’s income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar’s loans.[1] Stated income loans were originated by what is called a subprime lenders and other type of lenders.

These loans are nominally intended for self-employed borrowers, or other borrowers who might have difficulty documenting their income. Stated income loans have been extended to customers with a wide range of credit histories, including subprime borrowers. Stated income loans are still offered typically by small local banks. Qualification requirements are based on stable employment, good reserves, good FICO and no less than 40% equity position in the property. Stated income loan availability changes state to state, county to county.

Lending on:
Typically on Class B, C and D assets
Limited financing options
Rates 100-200 bps higher than higher quality assets (7.00% TO 9.00%)
Shorter fixed or floating rate terms
65% (75% for strong sponsors in major markets) leverage with no option for secondary debt
Personal recourse

 

Life Insurance

Insurance companies provide another source of permanent loans with very low interest rates. In the past they were not as aggressive as CMBS conduit loans. Although far more conservative and cautious now, with credit market for conventional lending fairly dry and CMBS market just barely starting, insurance companies are for the time being a viable source for all kind of property loans. In today�s market they focus on primary and select secondary markets, stabilized properties, and low loan to value.

Lending on:
Class A assets (10 yrs old properties)– and
Class B assets (built within the last 20 years) located in major markets
Lower rates
Longer fixed rate terms and amortizations
Higher leverage (up to 80% )
No personal guarantees (non-recourse)
Lower debt service coverage requirements (as low as 1.15:1)

 

Hard Money

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, due to higher risk and short term “duration” of the loan. Most hard money loans are used as a temporary financing tool, similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

 

Freddie Mac

Freddie Mac Program Plus platform can provide the innovative multifamily financing you need to take advantage of todays dynamic market, including such unique features as interest-only provisions and an ability to work beyond your transactional or operational obstacles to close on the loan that works best for your investment.

Lending on:
Class A assets (10 yrs old properties)– and
Class B assets (built within the last 20 years) located in major markets
Lower rates
Longer fixed rate terms and amortizations
Higher leverage (up to 80% )
No personal guarantees (non-recourse)
Lower debt service coverage requirements (as low as 1.15:1)

FREDDIE MAC PROGRAMS

9% LIHTC
Bridge to Resyndication
Cash Loan
Direct Purchase of Tax-Exempt
Floating Rate Loan
HUD Section 8
Lease-Up
Moderate Rehab
Preservation Rehab
Value Add Loan
Manufactured Housing Community

PROPERTY TYPES
Affordable Housing .
Student Housing .
Senior Housing .
Cooperative Housing .
Manufactured Housing Community

 

FHA/HUD

FHA is a federally guaranteed program under the government�s Department of Housing and Urban Development (HUD). FHA Loans can be used for the purchase/refinance as well as the construction/ substantial rehabilitation of multifamily or healthcare properties. Loans are non-recourse (except standard carve-outs) and rates are very competitive with 35-40 year fixed terms and amortizations. FHA are available nationwide and are available for any market (primary, secondary, tertiary). Lending on: Class A assets (10 yrs old properties)– and Class B assets (built within the last 20 years) located in major markets Lower rates Longer fixed rate terms and amortizations Higher leverage (up to 80% ) No personal guarantees (non-recourse) Lower debt service coverage requirements (as low as 1.15:1)

 

Fannie Mae Money

Fannie Mae DUS Multifamily program, provides excellent terms and competitive, tiered pricing for the purchase and refinance of apartment properties. Lending on: Class A assets (10 yrs old properties)– and Class B assets (built within the last 20 years) located in major markets Lower rates Longer fixed rate terms and amortizations Higher leverage (up to 80% ) No personal guarantees (non-recourse) Lower debt service coverage requirements (as low as 1.15:1)

 

CMBS

Commercial mortgage-backed securities (CMBS) are a type of mortgage-backed security backed by commercial mortgages rather than residential real estate. CMBS tend to be more complex and volatile than residential mortgage-backed securities due to the unique nature of the underlying property assets.[1] CMBS issues are usually structured as multiple tranches, similar to collateralized mortgage obligations (CMO), rather than typical residential “passthroughs.”[citation needed] The typical structure for the securitization of commercial real estate loans is a real estate mortgage investment conduit (REMIC), a creation of the tax law that allows the trust to be a pass-through entity which is not subject to tax at the trust level. Many American CMBSs carry less prepayment risk than other MBS types, thanks to the structure of commercial mortgages. Commercial mortgages often contain lockout provisions after which they can be subject to defeasance, yield maintenance and prepayment penalties to protect bondholders. European CMBS issues typically have less prepayment protection. Interest on the bonds may be a fixed rate or a floating rate, i.e. based on a benchmark (like LIBOR/EURIBOR) plus a spread.

 

BRIDGE

A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing.[1][2] It is usually called a bridging loan in the United Kingdom, also known as a “caveat loan,” and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere. A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to “take out” (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of loan amount), and other costs that are amortized over a shorter period, and various fees and other “sweeteners” (such as equity participation by the lender in some loans). The lender also may require cross-collateralization and a lower loan-to-value ratio. On the other hand, they are typically arranged quickly with relatively little documentation.

 

ALT-DOC

An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or “prime”, and less risky than “subprime,” the riskiest category. For these reasons, as well as in some cases their size, Alt-A loans are not eligible for purchase by Fannie Mae or Freddie Mac. Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans, although there is no single accepted definition of Alt-A. Typically Alt-A mortgages are characterized by borrowers with less than full documentation, lower credit scores, higher loan-to-values, and more investment properties. A-minus is related to Alt-A, with some lenders categorizing them the same, but A-minus is traditionally defined as mortgage borrowers with a FICO score of below 680 while Alt-A is traditionally defined as loans lacking full documentation Alt-A mortgages may have excellent credit but may not meet underwriting criteria for other reasons. During the past decade, a significant amount of Alt-A mortgages resulted from refinancings, rather than property purchases. Alt-A loans should not be confused with alternative documentation loans, which are typically considered to have the same risk as full documentation loans despite the use of different documents to verify the relevant information. As with subprime mortgages, a greater portion of Alt-A mortgages tend to be originated by specialized lenders, rather than banks and thrifts.

 

CANNABIS FINANCING

Here are some of the states we have funded and found thru our resources. Please check with you local city, county, state and other legal entities to make sure you are in the GREEN! Marijuana legalized for recreational use: Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Washington, Medical, marijuana broadly legalized: Arizona, Delaware, Arkansas, Florida, Hawaii, Connecticut, Illinois, New Hampshire, Louisiana, Rhode Island, Minnesota, Maryland, Montana, Michigan, New Mexico, New York, North Dakota, New Jersey, Ohio, Vermont, Pennsylvania (List updated 9/8/2018 – This is just our list. Most US States are considered.) CNG has helped many types of businesses and their owners with real estate needs and funding. These include: – Refinance of a property with a “green tenant” such as a dispensary in a shopping center or office building. Refinance of a current loan on a marijuana based property type that is coming due or may be eligible for “cash out”. Purchase of a property such as cultivation property, testing labs, agriculture farm and agriculture land, grow warehouse, marijuana dispensary, stand alone property, land, permitted property, cultivation business, greenhouses, delivery service real estate, pharmaceutical property, extraction facility, bakery and kitchen facility, green zone approved properties and other MMJ type properties.

 

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