Mortgage Cap Financial
PHONE: 212-631-4272
email usSite Map
Mortgage Cap Financial provides commercial real estate financing to real estate
investors and developers in need of construction, interim, or long term funding
on commercial real estate.
Mortgage Cap Financial
PHONE:
212-631-4272
email us
Site Map
All Mortgage Cap
Financial Forms |
Site Index
|
Mortgage News
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
Click here for Loan Submission Form, please complete and
e-mail back to us so we can review your project (in Word).
or in
Adobe Acrobat format
|
Commercial Real Estate Mortgage Financing
For: apartments, shopping centers, office buildings, hotels, motels and land development projects 1,000,000 and above nationwide USA Terms: 5 to 25 years, amortization: 15 to 30 years Rates: 4.5% to 6.5% for long term fixed rate mortgages and 6.5% to 9.5% for short one to three year term mortgages LTV: 75% LTC: 80% maximum Geographic: Nationwide USA |
||||||||||||||||||||||||||||||||
|
Nationwide Income Property Financing
Program loan amounts: 1,000,000 to 50,000,000 types of properties: apartments, shopping centers, office buildings, mobile home parks, hotels, motels, industrial buildings and special purpose properties term of loans: 5 to 30 years amortization schedule: 15, 20, 25 and 30 year amortization schedules Interest rates: 5.25% to 5.75% for apartments and 5.5% to 6.25% for income property cash flowing properties land and construction loans on a case by case basis Information needed to review the loan request: Rent rolls, income and expense statements, pictures of the property, resumes of the borrowers, and information about the property and whether it is an acquistion or a refinance Please email information to milford@commercialmortgagecap.com |
||||||||||||||||||||||||||||||||
|
Commercial / Multifamily Apartment Program Borrower: One or more individuals, Corporation, Limited Liability Company, General or Limited Partnership, Joint Venture, Trust. Real Estate Collateral: Multi-family apartment project, Income Producing, e.g., office, shopping centers, industrial complexes, parking lots, Owner occupied building, Raw Land. Terms: 5- year balloon with 10- year amortization, 10- year balloon with 15- year amortization, 15-year balloon with 20 year, etc. Loan amounts: 250,000 to 100,000,000 Loan to values: 50% to 80% depends upon the quality of the asset and the perceived risk of the project. |
||||||||||||||||||||||||||||||||
|
Land / Construction Loan Financing Land Loans 1,000,000 and above 1 to 5 year terms very competitive rates Construction loans 1,000,000 and above 1 to 5 year terms. Types of projects considered include multi-family, shopping centers, office buildings, hotels, motels,industrial buildings, single and multi-purpose properties of all types. Permanent mortgage financing 5, 10, 15, 20 and 30 year amortization financing with 5, 10 and 15 year terms recourse and non recourse financing available very attractive rates for cash flowing properties. Land development and subdivision loans available 1,000,000 and above. |
||||||||||||||||||||||||||||||||
|
Commercial / Multifamily Apartment Borrower: One or more individuals, Corporation, Limited Liability Company, General or Limited Partnership, Joint Venture, Trust Real Estate Collateral: Multi-family apartment project, Income Producing, e.g., office, shopping centers, industrial complexes, parking lots, Owner occupied building, Raw Land Terms: 5- year balloon with 10- year amortization, 10- year balloon with 15- year amortization, 15-year balloon with 20 year, etc. Loan amounts: 250,000 to 100,000,000 Loan to values: 50% to 80% depends upon the quality of the asset and the perceived risk of the project The first step is to e-mail us an executive summary of your loan request with your complete contact information, so that we may be able to respond to you either with an actual quote or to request any additional information that may be needed before a quote can be given. |
||||||||||||||||||||||||||||||||
|
Business Loans * Competitive rates and terms * Purchase or refinance of commercial real-estate, with cash out permitted * Equipment, Inventory and accounts receivable financing can be provided in certain cases * Loans size starting from $200,000 to $100,000,000 |
||||||||||||||||||||||||||||||||
|
Church Financing Church financing loans from $400,000 to $20,000,000. These loans could be for new construction, major renovations, purchasing existing facilities, land acquisition and the refinancing of existing loans. |
||||||||||||||||||||||||||||||||
|
Non-Recourse Commercial Financing Property types: Apartment Complexes, Self Storage Facilities, Shopping Centers, Mobile Home Parks Loan Proceeds: Acquisition, Refinance, Cash-out NO PERSONAL GUARANTEES for Certain asset classifications. For special purpose properties personal guarantees may be needed. Size: Greater than $1 Million up to 100,000,000 Fast Close: 45-60 Days Debt Service Coverage: 1.25% LTV: 65% - 75% Term: 25 - 30 Years Interest: Fixed Rate at 6.0% - 9.5% depends upon asset and perceived risk of the project The first step is to e-mail us an executive summary of your loan request with your complete contact information, so that we may be able to respond to you either with an actual quote or to request any additional information that may be needed before a quote can be given. |
||||||||||||||||||||||||||||||||
|
Multi-Use Financing Property Types: Commercial, Industrial Office, Medical / Dental Office, Industrial Condo, Warehouse, Industrial Office, Mixed Use Commercial and Residential, Mixed Retail with Office, Light Manufacturing and Industrial Loan Types: Purchase, Refinance, Cash-Out Refinance Loan Amount: $200,000 - 6,000,000 LTV: 90% for Owner-Occupied (SBA 504) / 65% for Non-SBA, Refinance and Cash-Out Refinance Term: 20-25 Year Amortization No Balloon Payment Simple Documentation NO Income verification program commercial real estate financing program for smaller projects 100,000 to 400,000 at up to 65% LTV. Credit scores have to be 680 and above under no income verification programs. Special programs for people that have IRA's and 401K's and are willing to use these assets to help themselves in their business and real estate financing needs. |
||||||||||||||||||||||||||||||||
|
Commercial Real Estate Construction Loan Program
5,000,000 and above USA, Canada and Mexico and Other International Countries
Financing available for the construction and development of hotels,
motels, shopping centers, office buildings, mixed use projects, apartment
projects, convention centers, and any other type of development that can
demonstrate cash flow after it will be completed. Debt and equity financing
may be provided. Loan amounts of 5,000,000 and above. Very large projects
can be considered under this program.
The first step is
to e-mail us an
executive summary of your loan request with your complete
contact information, so that we may be able to respond to you either with an
actual quote or to request any additional information that may be needed
before a quote can be given.
|
||||||||||||||||||||||||||||||||
|
Energy Project Financing Financing available for all types of alternative energy projects 1,000,000 and above anywhere in the USA. Types of projects can include wind, solar, water and virtually any type of energy project. All types of projects will be considered. Please e-mail summary of the project and include information such as existing purchase contracts, orders, invoices pending and pictures of the product and markets that you will be serving. E-mail information to milford@commercialmortgagecap.com Other types of technology companies will be considered. Financing structures to be offered can be debt, equity or joint venture financing as well as outright purchase. Once summary is received options to you will be presented. |
||||||||||||||||||||||||||||||||
|
Financing for commercial projects in the USA and worldwide Project types include the following: green projects, e.g. energy, wind and solar farms, smart electric grids (power plants), battery research, wind turbine and solar manufacturing; pharmaceuticals, transportation, mines; and cash for private placement notes and bearer bonds. Selected real estate projects such as large resorts, franchise hotels, hospital and medical facilities and other business ventures on a case-by-case basis. We also can consider financing most U.S. municipal bond offerings. Debt, equity and joint-venture opportunities available for acquisition and construction projects. 60% LTV for debt (purchase and construction); 80%+ LTV for joint venture. Minimum loan amount is $25 million. No maximum. These financing programs are for high net worth borrowers with experience in their respected field. The first step is to e-mail us an Executive Summary of the loan request. |
||||||||||||||||||||||||||||||||
|
Commercial Real Estate Mortgage Financing and Business Assets
Financing Program Financing for business and real estate owners assets that can be financed include Commercial properties and multi-family apartments equipment and machinery and accounts receivables. International loan amounts: 5,000,000 and above Special large loan program for large developments domestically and internationally 50,000,000 and above. Financing for hotels, motels, shopping centers, office buildings and mixed use properties. Construction and development loans for established developers. Purchase order financing for growing companies. |
||||||||||||||||||||||||||||||||
|
INTERNATIONAL FINANCING PROGRAM Loan amounts: 50,000,000 and above USA and internationally Types of projects: Airports, shopping centers, office buildings, convention centers, mixed use properties, Public urban development projects, Sports stadiums, other types of business and real estate projects will be considered. |
||||||||||||||||||||||||||||||||
|
Hospitality Lending Program Loan amounts: 1,000,000 and above Term: 20 years self amortizing Rate: As low as 7% Loan to value: 75% if purchase 75% of purchase price or total of 75% of purchase price plus PROVABLE rehabilitation expenses 75% of loan to cost or 75% Loan to value whichever is lower. Points: Three Types of properties: hotels, motels, limited and full service hospitality properties Location : Nationwide USA Can do properties that have recently been rehabilitated but borrower must have other 25% of purchase price and rehab costs and must prove it. Construction and Rehab / rehabilitation loans for all types of hotels will be considered. |
||||||||||||||||||||||||||||||||
|
COMMERCIAL REAL ESTATE FINANCING
PROGRAM Purchase, Refinance, and some Construction Multi family, Office, Warehouse, Very little retail, some land lease with existing buildings, some mixed use and special use, all GSA properties 1.25 debt service ratio minimum LTV 60% - 65%, may go higher depending on the debt service coverage Some hotels, depending on flag and location. Rates currently average around 7.5% - 8.5% 5 year term with interest only, some 7-10 year term with appropriate leases back to back in place Usually around 3 points but may negotiate on larger loans. Prefer deals in the $25 - $50 million range or higher. Minimum of $10 million. See the remainder of website for different type of loan programs and loan amounts this is one of our loan programs. Prepayment on a sliding scale in years 1-5 will consider construction loans if Borrower can pull permits within 90-120 days of application. Construction and mini-perm up to 5 years. Construction rate of 8%-8.5% and a conversion rate of 7.5%-8.% depending on the property and location. Rates, terms and conditions are subject to change and are based on the specific loan request. Will usually need to see 35% equity in the deal for construction. In some cases can offer equity participation in lieu of hard equity. Requirements for a written quote � (Loan Summary, LOI) 1. Executive Summary, if available 2. MortgageCap Financial Submission Sheet properly and completely filled out for each type property. 3. Borrower's financial statements (preferably within 90 days.) |
||||||||||||||||||||||||||||||||
|
Borrow against the value of your stocks and bonds Domestic and
International Securities A Securities Loan allows investors to borrow against their securities portfolio to create liquidity while staying in the market and enjoy the benefits of ownership appreciation assets at once. Can borrow to 80% or more of the value of your security No maximum loan amount Interest Rate can be as low as 2.5% Non-Recourse no income verification no credit bureau reporting Response typically within 48 hours of receipt of quarterly report, securities statement, etc. Funding within 7 to 10 days from contract execution May be used to purchase real estate outright, pay off a hard money loan and more� Loan is NOT securitized ownership of stocks and gain if your securities rise. Securities to be leveraged: just stocks, bonds and treasuries, Self directed IRA's will work. 401 K's and normal IRA's will not work. - 401K's and IRA's can be done but you need to understand that the accounts will be closed and liquidated. We have a tax advisor that can help create a new self-directed IRA within 60 days to avoid the tax ramifications but he does charge $900 for the service. We make no money on that, we are not licensed to give tax advice. SO... yes they are doable. However, we need to be very clear with them about what needs to happen. Minimum Loan Amount - $100,000.00 LTV up to 80% depending on the security. No maximum as long as the securities are there. Fixed rate. Rates typically between 2.5% and 5.00%! Interest only for 2 to 5 Years (means there is no amortization). Use for purchase, construction, development, pay off expenses - no strings attached. Response typically within 48 hours of receipt of quarterly report, securities statement, etc. Funding within 7 to 10 days from contract execution. No verification of income or credit. No closing costs except points. No appraisals, credit, anything |
||||||||||||||||||||||||||||||||
|
COMMERCIAL REAL ESTATE MORTGAGE FINANCING PROGRAM Loan amounts: 1,000,000 to 350,000,000 Property types: Apartments, shopping centers, office buildings, industrial buildings, hotels, motels, mobile home parks, mixed use properties, and all types of special purpose properties are considered. Geographic: Nationwide USA properties in Canada and Mexico are considered for loan amounts of 5,000,000 and above. Loan to value: Up to 80% for apartments and 75% loan to value for other property types special purpose properties may be limited to 65% loan to value. Types of loans: First and second mortgages and interim bridge loans Blanket and cross collateralized loans can be done as well as pledging of net income of established cash flowing properties (lockbox financing). Information needed to evaluate loan request: Income and expense statements for 2 years, color photos of the properties, information about the principals, location map of the properties, name and address of borrowing entity and name and address of the subject properties being used as collateral. Interest rates and terms: Rates can be as low as 6% term of loan can be from 1 to 30 years depending upon the needs of the principals rates and terms are based on the perceived risk of the project and the type of financing actually being provided. Construction and acquisition and development loan requests are reviewed but principals must be wiling to to bring real capital into their deals and have a well thought out and planned exit strategy. Land loans and buildings and properties that have no existing cash flow and cant demonstrate at least 6 months of cash flow are considered asset based loans and as such rates and terms are different with rates and terms that are commensurate with such risk and principals may very well be asked to pledge additional collateral or support such loan requests with net income from other properties. Please e-mail executive summary of the loan request. |
||||||||||||||||||||||||||||||||
|
COMMERCIAL REAL ESTATE MORTGAGE FINANCING PROGRAM Commercial real estate mortgage financing for apartments, shopping centers, office buildings, industrial buildings, and shopping centers. Up to 80% loan to value Rates as low as 6% 5 to 30 year terms with 20, 25 and 30 year amortization schedules Other special purpose properties will be considered that have cash flowing income streams. This is nationwide financing program please e-mail executive summary of the loan request. |
||||||||||||||||||||||||||||||||
|
ACQUISITION AND DEVELOPMENT FINANCING PROGRAM Loan amounts: 10,000,000 US Dollars and above Geographic: USA, Mexico, Canada and internationally Types of projects: All types of real estate and business projects can be considered. Principals should be experienced and financially stable. Rates: 5% to 8% generally each project is risk based priced, if project is well qualified but principals do not have substantial equity into the deal then an equity participation financing will be considered. Loan to value: generally 65% to 75% Loan to value Construction based financing principals should demonstrate clear exit strategy such as pre-sales if residential developments or feasibility study in case of commercial developments. Special purpose projects can be considered. |
||||||||||||||||||||||||||||||||
|
BUSINESS LOAN FINANCING PROGRAM Loan amounts: 1,000,000 and above in USA and 5,000,000 and above in Mexico and Canada and 10,000,000 and above internationally. All types of assets will be considered as collateral for the loan request including real estate, equipment, accounts receivables, inventory, purchase contracts, and installment receivables. Rates: generally 7% to 10% risk based pricing each project is individually priced and rates are subject to market and business conditions. |
||||||||||||||||||||||||||||||||
|
FINANCIAL LOAN PROGRAMS Loans from $500KK to $15MM DSCR as low as 1.20 on all investment property Up to 80% LTV on Acquisitions & 75% LTV on refinances Closings within 30 �45 days Multifamily, Mixed-Use, Retail, Office building, Office condo, Warehouse, Industrial, Bed and breakfasts, Automotive, etc. Competitive Rates Purchase, Refinance and Cash Out Loans up to $15MM Up to 80% LTV Up to 30 years amortization DSCR 1.25 Full Recourse Competitive Rates Bridge Loans from $500KK to $10MM Multifamily, Mixed-Use, Mobile Home Park, Office/Industrial, Warehouse, Retail DSCR .75 (minimum) 70% LTV Multifamily, 65% Commercial Interest Rate 11% - 16% Closings within 10 - 20 business days after receiving completed documentation Recourse Note: All rates and terms subject to change without notice. |
||||||||||||||||||||||||||||||||
|
CONSTRUCTION AND LAND DEVELOPMENT LOANS FINANCING PROGRAM Loan amounts: 1,000,000 to 500,000,000 Geographic: 1,000,000 and above in USA and 3,000,000 and above in Mexico and 10,000,000 and above internationally Types of projects: All type of real estate projects will be considered residential and commercial developments , hotels, motels, convention centers, shopping centers, office buildings, apartment buildings, mixed use developments and owner occupied business properties and special purpose properties of all types. Rates and terms: Dependent on each project tend to be one to three year terms and money tends to be privately rather than institutionally based. |
||||||||||||||||||||||||||||||||
|
Commercial Real Estate Mortgage Financing Program Loan amounts: $1,000,000 to $500,000,000 Geographic: Nationwide USA and select international countries including Mexico, Canada North and Central and South America Loan to Value: Up to 80% financing program of cost of acquisition or up to 75% of current appraised value by MAI Appraiser. Types of properties: Hotels, motels, shopping centers, office buildings, mobile home parks, apartment buildings, mixed use buildings, condominium projects, industrial and distribution centers, weight loss centers and exercising facilities, owner occupied commercial properties of all types Interest rates: Can be from LIBOR plus one or be 5 or ten year treasury rates plus 100 to 300 basis points for projects that are not cash flowing or where income cannot be documented rates and terms are custom to the situation based on perceived risk of the project. Construction and development loans where there is a strong and proven sponsorship and where at least 10% of the project costs are being brought in by the developer and/or outside investors Projects where land is already owned and fully entitled get priority consideration and principals must be able to fully document their personal and corporate financials and full details on the project itself. Very large projects are welcome in certain cases and where warranted both an equity and debt financing program will be proposed in these cases where specialized financing is being provided loan amounts are usually 10,000,000 and above. |
||||||||||||||||||||||||||||||||
|
Income Producing Properties Financing Program Loan Amounts: $2,000,000 to $500,000,000 Financing for income producing properties car washes, convenience stores, gas stations, shopping centers, office buildings, industrial complexes, single purpose owner occupied commercial properties, apartment buildings, mixed use properties, apartment buildings and large projects can look at projects in USA and Mexico for this loan program. Other international countries are reviewed on case by case basis. All types of income producing properties will be considered minimum loan amount $2,000,000 can go up to $500,000,000 on this financing program Please e-mail detailed executive summary of the project, rent rolls, income and expense statements and the term of the loan that you need. Both bridge and long term loans are provided. Acquistions, refinancing and partner buy-out loan requests are welcome. Both recourse and non recourse loans can be provided bridge loans are 1 to 3 years in length, there is 5 year term product with 25 year amortization period, and there is 10 year term with 25 year amortization period and there is a unique 25 year term product with 25 year amortization period.
Please tell
us exactly what type of loan you need and the term, for acquisitions please also
provide copies of purchase contract and personal financial statements and proof
of down payment funds and also tell us when you need to close the loan. |
||||||||||||||||||||||||||||||||
|
Commercial Real Estate Financing
Program United States and Mexico
Short and Long Term Loans available Loan amounts: 2,000,000 to 500,000,000 Term: 2 to 25 years Amortization: 20, 25 and 30 years interest only may be available for 2 year loans. Interest reserves may be needed for short term bridge loans where property is going through transition stage. Recourse and Non-Recourse Loans available. Types of Real Estate: Shopping centers, office buildings, apartment buildings, mixed use properties, mobile home parks, special purpose properties, owner occupied properties and industrial complexes Special programs for Business owner occupied properties where the business occupies 25% or more of the property square footage Interest rates and terms and conditions of financing are dependent upon quality of property, location of property, and credit rating of borrowers and borrowing entity and loan to value request. Commercial real estate financing programs are available in Mexico rates and terms are different and may be subject to different underwriting requirements. Rent rolls and income and expense statements and color photographs of property and an old appraisal will be helpful. New appraisal will usually be ordered during course of underwriting but this is dependent upon specific loan program. If you are purchasing property a copy of sales contract will be needed. Photographs of property must be in color and include both inside and outside views whenever feasible and must be in digital format.
Please
e-mail
us the following completed form -
Executive Summary Information Form
|
||||||||||||||||||||||||||||||||
|
Project Financing 10 Million
Dollars or Higher Program Project Financing for medical facilities, oil refineries, import - export, medical projects, power plants, commercial real estate projects, residential land development, golf courses, capital equipment financing and leasing and asset based loans, recreational facilities, Areas of interest include energy, manufacturing, textiles, technology, pharmaceuticals, appliances, sporting equipment, construction materials, and consumer goods businesses.
Loan requests have to be $10,000,000 and above but loan amounts
being requested can be up to One Billion Dollars and above. |
||||||||||||||||||||||||||||||||
|
Super Jumbo Commercial Financing Program Special Financing program for airports, shipping ports, railroads, bridges, infrastructure projects of all types, power plants, energy projects, stadiums, and other large projects that need consideration. Large developments of commercial and residential properties but principals must have extensive experience. Projects have to be 1 billion dollars and above and can be domestic or international in scope and can have multiple locations if within a specific country.
The Purpose of this program is to promote economic development
and job creation and the project can be done in phases but the total cost of the
project should exceed one billion dollars and can be domestic or international. |
||||||||||||||||||||||||||||||||
|
International Financing Program Loan Amounts: $5,000,000 to $1 Billion Dollars and above. Countries: Politically stable countries there is strong interest for projects in Central and South America including Mexico. Types of projects: Hospitals, energy projects of all types including recycling projects, bridges, roads, power plants, and a wide variety of commercial real estate projects and business expansion projects Information we need for initial submission: 01. Brief description of the nature of the project and its location.02. Resumes required on the principals. 03. How much capital have the principals invested into this project, and specifically how were those funds allocated? 04. How much are the principals looking to borrow? 05. What is the total amount of hard equity the principals are contributing? 06. What are the other assets that the principals have or will contributed to the project? 07. Do the principals have title to this property and what is the status of the appraisal? 08. Do the principals have all the necessary entitlements? 09. Specific breakdown of the funds. 10. We need a projection, showing the anticipated annual revenue, and the net income of the project, for a three year period. 11. Current financial statements are required from the principals or entity. 12. Exit Strategy. Please e-mail us the following completed form - International Financing Form 
| International Financing Form
 |
||||||||||||||||||||||||||||||||
|
International Financing / International Project Loans: Loan amounts: 5,000,000 and above. Geographic: International with emphasis on projects in North, Central and South America, Europe and Asia. Types of projects: All types of large residential and commercial real estate developments, mergers and acquisitions financing for successful companies seeking to expand or buy out other companies, energy projects such as power plants, ethanol plants, oil and gas refineries, large infrastructure projects such as roads, bridges, railroads, cement plants, hotels, and casinos. Types of financing: Loan terms and conditions would be dependent upon the perceived risk of the project and the strength of the principals; however the rates and terms are very competitive. Please e-mail us the following completed form - International Financing Form
| International Financing Form
|
||||||||||||||||||||||||||||||||
|
Domestic and International Financing Program: Loan amounts: 5,000,000 and above, all size projects that are 5,000,000 and above can be considered. Geographic: USA and Internationally based projects can be reviewed. Types of projects: Real estate, energy, and all type of infrastructure projects. Types of projects can include residential and commercial real estate development, hospitality and medical related facilities, power plants, oil and gas mining projects, infrastructure projects such as tunnels and railroads and other large scale projects that are needed throughout the world. Terms and conditions: That is dependent upon the specific project and the perceived risk of the project.
Please
e-mail us the
following completed form -
International Financing Form
|
||||||||||||||||||||||||||||||||
|
Special Financing for LARGE
projects Special Financing program for airports, shipping ports, railroads, bridges, infrastructure projects of all types, power plants, energy projects, stadiums, and other large projects that need consideration. Large developments of commercial and residential properties but principals must have extensive experience.
Projects must be 1 billion dollars and above and can be domestic or
international in scope and can have multiple locations if within a specific
country.
more |
||||||||||||||||||||||||||||||||
|
ASSET BASED FINANCING PROGRAM 1,000,000 TO 300,000,000 Types of collateral: All types of commercial real estate property including multi-family, office, industrial, offices, shopping centers, hotels, motels, mixed use properties and special purpose properties. Equipment of all types: Both equipment financing and equipment leasing equipment leasing for vendor programs in this case each least can be 10,000 and above but should be estimating to have steady flow of equipment needing to be leased. Accounts Receivable financing and factoring programs for all types of accounts receivables and purchase contracts and other types of revenue streams flexible and competitive rates for projects. |
||||||||||||||||||||||||||||||||
|
First position loan, not to exceed 60% LTV. Gross of the As Is
value, One to two year note, ten points total, 15% interest, interest only
payments, any needed interest reserve and the points will be impounded at the
close out of the gross loan proceeds ... PPP � is the interest for half the term
of the loan. First position loan, not to exceed 65% LTV. Gross of the As Is value, Any type of income ( cash flow ) or contracts that can be collateralized ... One year to five year note , three points total , 9% interest, interest only payments, any needed interest reserve and the points will be impounded at the close out of the gross loan proceeds. SFR Fund : Non owner, Corp. borrowing entity , 700 min credit score , up to 90% of cost and / or LTV. , First and 2nd positions , All states and some other Countries , $300,000.00 min. 3 million max , 15% interest, 5 points, 20 yr amo doin 10 yrs , PPP is 5% for five yrs. SFR Fund : Min loan of $100,000.00 and the max is five million .. All States .. 30 Year note Two year adjustable rate ( 2/28 ) . After two years the interest rate will be based off of LIBOR plus 7% and will not drop below the start rate .. The Fee is Six points . Will lend off of the PP unless the collateral has seasoning of one year With Full Doc >>> Owner occupied with Min. 600 credit is 80% LTV. , Non owner with 600 credit is 70% LTV. , With No Income and just Verified Assets >>> Owner occupied with Min. 600 credit is 70% LTV. , Non owner with min 600 credit is 60% LTV. PURCHASE / CASH OUTS , Bankruptcy , Foreclosure , No Seasoning on Verified Assets ALL OK . Six months reserves / FULL DOC and 12 months reserves / NO RATIO Required reserves is 6 months for full doc , 12 months for no income and just verified assets and 18 months for foreign national Two appraisals for loan amounts above one million .. Any appraisals will be ordered by the lender. SFR Fund : Min loan of $100,000.00 and the max is one million .. All States ... One yr note , note can be extended up to three years , 16% interest , 10 points , 65% of completed value if rehab , or 90% of Sales Price if property can be lived in � SFR's , 1-4 units , and town homes. Minimum fico score is 700 .... NO DOC PROGRAM ... GOOD FOR FLIPS, Up to 90% LTV. 7-10 DAYS TO FUND, NO APPRAISAL (BROKERS PRICE OPINION) ... $5,000.00 upon LOI with a funding date with in 15 days of LOI being accepted .. One borrower can borrower on many SFR's but each loan is individual per SFR ( One loan per SFR ) ... 90% / NO DOC / Non-Owner / Corp Borrowing Entity ... THIS PROGRAM IS DESIGNED FOR FLIPS !!! UP TO 90% LTV OF ARV(AFTER REPAIR VALUE) MIN. FICO 700+ ... Self-Employed or Wage Earner OK ... 700+ FICO TO 80% LTV. , 660 - 680 FICO 50% LTV., and 760 FICO to 65% LTV of completed value and / or 90% of the cost. Perfect for flips and properties that are free and clear or properties that need rehab. Closing in 48-72 hours. Min loan is 100k and the max is one million. Can also do 1-4 units and town homes. SFR Fund : Loan amount of one million to 10 million , First position , Not to exceed 50% LTV. of the As Is value or PP which ever is lower . The interest rate will be 18% . Interest will be paid at the exit of the loan or when the loan is due in one year as an exit fee ( no interest payments ) . One year note , 15% of total Loan amount paid at closing of the Loan out of loan proceeds ... Commercial Loan Program : Commercial bridge loan program for all types of income producing properties NATIONWIDE 1,000,000 up to 100,000,000 5 year term, approximate rate 9% up to 70% of appraised value property types include hotels, motels, apartments, shopping centers, office buildings, industrial parks, and special purpose properties will be considered must be cash flowing and be able to support loan request. Loans Against Purchase Contracts and All Type of Installment Retail Contracts: Loans against all types of retail installment contracts for all types of companies throughout the USA and International. Loan amounts 1,000,000 up to 100,000,000 at a time, on going relationships are encouraged and will loans against contracts on an agreed upon basis. Both outright purchases of contracts and loans against contracts can be considered. |
||||||||||||||||||||||||||||||||
|
Loans Against Cash Flow Contracts or Revenue Streams /
Receivable Contracts of Most Any Kind First position loan, not to exceed 65% LTV. Gross of the As Is value, Any type of income ( cash flow ) or contracts that can be collateralized ... One year to five year note, three points total, 9% interest, interest only payments, any needed interest reserve and the points will be impounded at the close out of the gross loan proceeds. |
||||||||||||||||||||||||||||||||
|
First Mortgage Loan Programs For Residential One To Four
Family Properties Program 1 Min loan of $100,000.00 and the max is five million .. All States .. 30 Year note Two year adjustable rate (2/28 ) . After two years the interest rate will be based off of LIBOR plus 7% and will not drop below the start rate .. The Fee is Six points . Will lend off of the PP unless the collateral has seasoning of one year With Full Doc >>> Owner occupied with Min. 600 credit is 80% LTV. , Non owner with 600 credit is 70% LTV. , With No Income and just Verified Assets >>> Owner occupied with Min. 600 credit is 70% LTV. , Non owner with min 600 credit is 60% LTV. PURCHASE / CASH OUTS , Bankruptcy , Foreclosure , No Seasoning on Verified Assets ALL OK . Six months reserves / FULL DOC and 12 months reserves / NO RATIO Required reserves is 6 months for full doc , 12 months for no income and just verified assets and 18 months for foreign national Two appraisals for loan amounts above one million .. Any appraisals will be ordered by the lender .. .. Program 2 Min loan of $100,000.00 and the max is one million .. All States ... One yr note , note can be extended up to three years , 16% interest , 10 points , 65% of completed value if rehab , or 90% of Sales Price if property can be lived in SFR's , 1-4 units, and town homes. Minimum fico score is 700 .... NO DOC PROGRAM ... GOOD FOR FLIPS, Up to 90% LTV. 7-10 DAYS TO FUND, NO APPRAISAL (BROKERS PRICE OPINION) ... $5,000.00 upon LOI with a funding date with in 15 days of LOI being accepted .. One borrower can borrower on many SFR's but each loan is individual per SFR ( One loan per SFR ) ... 90% / NO DOC / Non-Owner / Corp Borrowing Entity ... THIS PROGRAM IS DESIGNED FOR FLIPS !!! UP TO 90% LTV OF ARV(AFTER REPAIR VALUE) MIN. FICO 700+ ... Self-Employed or Wage Earner OK ... 700+ FICO TO 80% LTV. , 660 - 680 FICO 50% LTV., and 760 FICO to 65% LTV of completed value and / or 90% of the cost. Perfect for flips and properties that are free and clear or properties that need rehab. Closing in 48-72 hours. Min loan is 100k and the max is one million. Can also do 1-4 units and town homes. Program 3 Loan amount of one million to 10 million , First position , Not to exceed 50% LTV. of the As Is value or PP whichever is lower . The interest rate will be 18% . Interest will be paid at the exit of the loan or when the loan is due in one year as an exit fee ( no interest payments ) . One year note , 15% of total Loan amount paid at closing of the Loan out of loan proceeds ... |
||||||||||||||||||||||||||||||||
|
CTS and Medical Receivable Contracts and Sales Contracts
Receivables Very Competitive Rate For Qualifying Assets Loans Against Life insurance Settlement Contracts and medical receivable contracts and sales contracts Receivables. Very Competitive Rate for qualifying assets. Minimum loan amount: $50,000,000 maximum: 1 billion dollars can provide one time financing or continual financing against assets that accrue as sales develop. Assets that can be loaned against: Life Insurance Settlement Contracts, medical receivable contracts, and other sales type of contracts other receivable contracts will be considered. Please e-mail us the following completed form - Executive Summary Information Form
|
Executive Summary Information Form
Make sure you indicate whether one time financing is being sought or for financing on a continual basis. |
||||||||||||||||||||||||||||||||
|
Mortgage Cap Financial Commercial Financing Program minimum loan $1,000,000 to $5-$10.0MM 75 - 80% depending on property Gas stations health care facilities special use (bowling, tennis, etc) multifamily office, retail, warehouse golf course motel (non-flag) others considered owner occupied Low personal credit score considered judgments & liens ok no recent bankruptcy WSJ prime plus 2 - 4% 2 - 4 points 5 year term with 25 year amortization prepayment penalty 3% year 1, 2% year 2 and 1% year 3 (see me on this for turn-a-round properties) close in 3-6 weeks Third Party Needed: appraisal phase 1 environmental engineering borrower background check |
||||||||||||||||||||||||||||||||
|
COMMERCIAL LOANS Loan Amounts: $200,000 to $2,000,000 Rates: Highly competitive with a wide array of rate plans, including:
Loan
Terms:
6 months, 2, 3 and 7 year ARM with 15, 20 & 30 year amortization Loan to Value: Varies with Credit Score and Property type. Eligible Properties: Tier I: Multi Family and Mixed Use Tier II: Office, Retail, Warehouse, Bed & Breakfast, Self Storage, Mobile Home Park (< 25% RV) Territory: Available in most major markets. Fees: Varies with type property and age Prepayment: Varies with loan Program Arms Caps: Varies with loan Program Arm Margin: Varies with loan Program Additional INFO: Dry Closings: 48 hours to fund Environmental Insurance required on all properties (must submit AIG questionnaire with loan) Tax and Insurance Escrow Required. Trust, LLC, Corporate entity acceptable on all products with personal guarantee. Seller Second up to 20% of property value (Rate and margin increase 1% & max LTV decreases by 5%) Unlimited Cash Out on Refi�s. Loans are assumable for 1% upon approval Phase I: Not required on most properties.
All loan
applicants must qualify under underwriting requirements. |
||||||||||||||||||||||||||||||||
|
UNSECURED BUSINESS LINES OF CREDIT
UNSECURED REVOLVING BUSINESS LINES OF CREDIT WITH 5-YEAR TERMS NOW AVAILABLE
FOR YOU AND YOUR CLIENTS. |
||||||||||||||||||||||||||||||||
|
FULL DOCUMENTATION For owner-user commercial properties over 25% owner-occupancy.
(a) personal and business financial statements and tax returns, (b)
credit reports, (c) A/R & A/P agings (d) debt schedules (e) other applicable
docs. Max 1st Mortgage loan amount $5,000,000 Purchase to 90% LTV Refinance to 85% LTV Cash Out to 75% LTV Combined LTVs to 90% Minimum Average FICO 600 Targeted DSCR of
1,20x Fixed, Hybrid and ARM Rate Options Fully Amortizing 30-Year Term No Call Provisions or Balloon Payments Prepayment Penalty Options Ability to prepay up to 20% of principal within any rolling 12-month period without prepayment premium |
||||||||||||||||||||||||||||||||
|
APARTMENT LOANS Loan Amounts: $300,000 to $3,000,000 Rates: Highly competitive with a wide array of rate plans, including: Loan Terms: 1,3,5,7 and 10 year ARM with 25-30 year amortization 15 year fixed with 15-year amortization Loan to Value: 80% for purchase, rate and term refinance. 75% for cash out refinance, unlimited after 2 year holding period. Eligible Properties: Existing apartment properties with 5 + units. Limited mixed use OK. No properties with deferred maintenance in excess of 5% of value. Territory: Available in most major markets. Fees: Varies with type property and age Prepayment: Varies with loan Program Arms Caps: Varies with loan Program Arm Margin: Varies with loan Program Additional INFO: C quality properties OK as long as well maintained and in stable markets Phase I: Not required on most properties.
All loan
applicants must qualify under underwriting requirements. |
||||||||||||||||||||||||||||||||
|
LOW DOCUMENTATION FOR
MULTI-FAMILY and
MIXED USE PROPERTY 125,000 to 2,000,000 loan amounts Documents needed: (a) current personal and business financial statements (b) most recent year end business tax return or a financial statement and signed IRS form 4506 for prior 2 tax years (c) most recent personal tax return or W2 (d) A/R & A/P aging (e) debt schedule (f) other applicable docs. Hightlights Max 1st Mortgage loan amount $2,000,000 Purchases to 90% LTV Refinances to 85% LTV Cash Out to 75% LTV Combined LTV: to 90% Minimum Average FICO 600 Targeted DSCR of 1.20 Eligible commercial property types include multi-purpose and mixed-use. Fixed and Variable Rate options Fully amortizing 25-year term No Call Provisions or Balloon Payments Prepayment Penalty Options Ability to prepay up to 20% of principal within any rolling 12-month period without prepayment premium |
||||||||||||||||||||||||||||||||
|
STATED INCOME PROGRAM Loan Amounts: $125,000 to $1,000,000 Rates: Highly competitive with a wide array of rate plans, including: Loan Terms: 1, 2, and 5 year ARM with 15 year amortization 20 or 30 year amortization
15 year fixed
with 15-year
amortization
30 year fixed with 30-year amortization Loan to Value: Varies with Credit Score and Property type. Eligible Properties: Up to 90% cash Loan to Cost for acquistions for certain projects Tier I: Multi Family and Mixed Use �UP TO 80% LTV� Tier II: Office, Retail, Warehouse, Bed & Breakfast, Self Storage, Mobile Home Park (< 25% RV) Tier III: Automotive, Industrial, Funeral Homes, Rooming House, Marinas w/ocean access Tier IV: (Special Purpose) Day Care, Hotel/Motel, Campground, Restaurant (min credit 640 on Bar/Restaurant) Territory: Available in most major markets. Fees: Varies with type property and age Prepayment: Varies with loan Program Arms Caps: Varies with loan Program Arm Margin: Varies with loan Program Borrower Credit: Minimum Credit Score 575 on Tier I & Tier II Properties Minimum Credit Score 600 on Tier III & Tier IV Properties Minimum Credit Score 640 on Restaurants and Special Purpose Additional INFO: Dry Closings: 48 hours to fund $500,000 � $800,000 Loan Amounts Minimum Credit Score = 600 Environmental Insurance required on all properties (must submit AIG questionnaire with loan) Tax and Insurance Escrow Required. Trust, LLC, Corporate entity acceptable on all products with personal guarantee. 100% Cash out reduce LTV by 5% Non Seasoning Refi. Min Score 600, lower LTV by 10% (no more than one deed transfer in past 24 months) Seller Second up to 90% CLTV Unlimited Cash Out on Refi�s. Bankruptcy & Foreclosure not a problem. Loans are assumable for 2% upon approval Phase I: Not required on most properties.
All loan
applicants must qualify under underwriting requirements. |
||||||||||||||||||||||||||||||||
|
LAND
ACQUISITION AND DEVELOPMENT FINANCING CONSTRUCTION AND DEVELOPMENT FINANCING
Loan amounts: 1,000,000 and above.
Very large loan requests welcome. Rates and terms are reviewed with the principals and /or broker after submission of loan submission form and executive summary of the project has been received. Geographic areas: Throughout the United States with loan amounts 1,000,000 and above. International loans
20,000,000 and above. Projects in Mexico can be reviewed in loan
amounts of 1,000,000 and above. Small, medium and large size developers are invited to submit loan requests. Types of land projects that we have reviewed recently are residential subdivisions, land lots, commercial development of land lots and subdivisions of mixed use properties. Interest rates are reflected by the perceived risk of the project and the financial strength of the principals and the willingness of the principals to guarantee the loan requests. Also the amount of time the principals have to act upon the loan request, very fast loans can be provided but the cost of capital will be higher because funds are derived from private funds. For projects that have a 30 to 60 day window to close interest rates can be lower because a greater amount of time is available for due diligence and greater amount of documentation can be provided and supported. We are able to assist developers in virtually all phases of their development whether it be a commercial or residential development, and sometimes there may be more than one solution to their financing request and they will be presented after review of their construction and development loan request. Special purpose property types such as amusement parks, casinos, power plants, and owner occupied business properties such as offices, gas stations, truck stops, and other special purpose properties can be considered. We understand the needs of the developer, and whether you need a fast loan to take advantage of a special acquisition opportunity or need a complex financial structure to build out your next project we are ready to consider your construction and development financing request. Please submit an executive summary of your construction and development loan request to Mortgage Cap Financial by E-Mail. Brokers and principals invited to acquire about all of our financing programs, information and checklists about the requirements of the various financing programs can be obtained by reviewing our entire web site. If there are any questions, please contact us. |
||||||||||||||||||||||||||||||||
|
Financing
Program for Business and Real Estate Owners
1 Loan amount: 1,000,000 and above for projects throughout the United States, international projects 20,000,000 and above Assets that can be used as collateral: Real estate and business assets such as equipment and machinery, and accounts receivables. Industries: Power plants, manufacturers, wholesalers, retailers, energy projects, distributors and real estate developers and investors such as hotel and motel owners and developers, casinos, shopping centers, convention centers and hi-tech industries, airlines, railroad companies are just examples of some of the industries that can be provided financing. Interest rates and terms: Quality projects can get the most competitive rates; both domestic and international projects can qualify. Information needed to get started: Executive summary of your project loan request. Please e-mail us a summary of your project. All loan requests have to be collateralized and debt financing is provided in the form of mortgages on real estate and liens on equipment and machinery. |
||||||||||||||||||||||||||||||||
|
Floating Rate Program: Minimum loan - $1,000,000 to $10.0MM 70 - 80% LTV depending on property (mezz loan may be available to 90-95% for multifamily, mixed use, office, retail and light industrial) , condo conversions gas stations / convenience stores special use (bowling, tennis, car wash etc) multifamily & mixed use office, retail, warehouse industrial (subject to clean Phase 1) golf course motel (non-flag) (limited availability) owner occupied others considered Low personal credit score considered judgments & liens ok with explaination no recent bankruptcy (7 years) WSJ prime plus 2 - 4% 2 - 4 points 5 year term with 20-25 year amortization prepayment penalty 3% year 1, 2% year 2 and 1% year 3 (may be reduced for turn-a-round properties) close in 3-6 weeks 1% deposit for 3rd party reports appraisal phase 1 environmental engineering borrower background check typical reposition transaction borrower buys apartment property with 30% vacancy (good location bad management) we lend 80% of the as-is value (purchase price) lend 80% of the rehab dollars in a second mortgage. The borrower rehabs and leases the property in two years, paying a 1% PPP and refinances at 75% of value at stabilization, taking all his cash out plus some more. Cost of transaction WSJ prime plus 3% plus 3 points cheap for the results. Exhibits for approval: Loan request: amount, terms requested, use of funds and estimated closing date Property section: > property type > digital photos > leased or owner occupied > physical description (area, number of apartment units, room, etc.) > income and expense statement (if a repositioning transaction, a projected I&E also) > current rent roll with information of each tenant (lease start and end date, sq. ft. or apartment number, current rent, any additional rent CAM, vacant units with market rent) > appraised value if know or borrower's estimate of value, purchase contract , or if a refinance, date of purchase, price paid, original and current mortgage balance interest rate and mortgage payment and mortgage payment history, two years tax returns on owning entity Borrower section: > principal�s financial statement > credit report > resume of real estate experience or business experience if owner occupied > 2 years tax returns > credit explanation letter if needed A Letter of Interest will be issued upon receipt of satisfactory exhibits Business Analysis section: 1. Current Mortgage Note and last month's mortgage statement 2. Rent Roll Lease Type- NNN, Gross, etc. - Sq. ft. -Lease term - Business type of each tenant 3. Principal's bank statement of past 6 months 4. Borrower's bank statement of past 6 months 6. Principal's resume 7. Company background description 8. Incorporation documents, which show the ownership structure 9. Property owner�s tax return of 2002, 2003, 2004 10. Principal's 2004 and 2005 tax return 12. Is there any management company for the subject property? Please provide background and experience description. 13. Regarding the owner-operating business- , kindly provide the following information. <For Owner-Occupied Property> Business started by (founder) in . If current principal is different from the founding one, what year succeeded? What year the business incorporated? Describe the operation. For example- Operating hours, one or two shifts, weekend/holiday schedule (if applicable) # of employees and by department Products/services, geographic service area (territory) Marketing, source of clients, major clients (if applicable)
Major facility/production equipment
Pricing Mix, strategy Local competition, competitors Seasonal cycle, monthly sales figures for the past 12 months Banking relationships What bank the operating entity maintains the banking relationship with? Any loan from the bank?
15. Three year projection (operating statement) of borrower and property owner. 16. Borrower's and Owner's updated Balance Sheet 17. Principal's Balance Sheet
18.
Please provide the leases . |
||||||||||||||||||||||||||||||||
|
Land / Construction Loans Quality Properties and Borrowers Loan Amounts: $3,000,000 - $20,000,000 Terms: 12 to 36 months Amortization: Interest Only Use of Proceeds: land acquisition, refinance for infrastructure and construction Loan to Value (LTV): Purchase: to 90% of cost Refi: 60- 75% of as is value Construction: to 100% of construction cost Recourse: Yes. Non-recourse will be considered Advance Fees: NONE in most cases, until Term Sheet/LOI is issued. Then 3rd party costs and out of pocket expenses. Loan Fees: 5-7 points Interest Rates: 11-14% Term Sheet / LOI: 5-7 days Commitment Letter: Within 7-10 days of receipt of complete loan package Funding: 30 to 45 days from Commitment Letter Preview Checklist: 1. Executive Summary: 1-2 page Deal Summary. Include property history and any challenges that exist. Please be sure to include exact property location and description, detailed use of proceeds and Exit Strategy (how and when loan will be paid. 2. Purchase price or year of purchase and purchase price, if refinance 3. Executive Summary from latest appraisal 4. Resume and Personal Financial Statements on all Borrowers 5. Most recent business and personal tax returns on Borrowers 6. Current Credit Bureaus with FICO scores on Borrowers 7. Cash equity investment by Borrowers AND detailed use of cash to date. 8. Detailed use of funds and construction budget, if applicable 9. Status of required entitlements and approvals 10. project timetable for remaining entitlements, infrastructure, construction to Lease-up or full sell out 11. Pro-forma financial projections and operating statements. Digital aerial photos of property, if available |
||||||||||||||||||||||||||||||||
|
Loan Amounts: 1,000,000 to
100,000,000
Geographic areas: USA, Canada, and
Mexico
Acquisition land loans up to 80% of
purchase price and refinancing up to 70% of the value of land.
|
||||||||||||||||||||||||||||||||
|
SMALL LOAN PROGRAM FOR
COMMERCIAL AND MULTI-FAMILY PROPERTIES:
Loan Amounts: 500,000 to 3,000,000
Property Types: Apartments, retail,
industrial and office buildings, hotels and motels. Mixed use properties
such as apartments over commercial use property are acceptable.
|
||||||||||||||||||||||||||||||||
|
JUMBO COMMERCIAL FINANCING: Loan Amounts: 5,000,000 to 750,000,000 Terms: 5 TO 25 YEARS Property Types: MULTI-FAMILY, COMMERCIAL, DEVELOPMENTS, HOTELS, RESORTS, CASINOS, RESIDENTIAL DEVELOPMENTS Loan To Value: UP TO 90% Geographic: USA, CANADA, plus NORTH, CENTRAL, AND SOUTH AMERICA RATES ARE BASED ON RISK INHERENT WITH PROJECT. Types of Loans: CONSTRUCTION AND LONG TERM LOANS SECURED BY LAND AND IMPROVEMENTS |
||||||||||||||||||||||||||||||||
|
BELOW PRIME RATE - FIXED RATE FINANCING: Owner � User and Investment Properties Available in all 50 states. LOAN
AMOUNTS: $500,000 to $5,000,000 DOCUMENTATION: Full Doc only � min DCR of 1.2 CREDIT SCORES: 650 FICO PROPERTY TYPES: Owner � User or Investment Properties: Mixed Use, Office, Retail, Light Industrial and Warehouse. Special use properties considered - case-by-case. NOTE: Flagged hotel/motel and restaurants ARE eligible for this program. TERM and AM: 25 year fully amortizing, with no calls or balloon LOAN TO VALUE: to 75% LTV on multi use properties INTEREST RATES 2 year fixed rate: Prime less 1.25% AS LOW AS: 5.75% Current APR NOTE: At end of 2 yr term, Borrower will have option of quarterly adjustable at P +1% or 5 yr fixed at then current rates.
PREPAY POLICY: Standard: 10% yr 1, declining by 1% per year Optional: 5% for 5 years (increase rate by .625%) Other programs available with 5,7,10 and 25 yr* fixed rates. Call 212-631-4272 for details and quotes. * 25 yr fixed rate available only on Owner User Properties. |
||||||||||||||||||||||||||||||||
|
COMMERCIAL
CONSTRUCTION FINANCING: LOAN TO COST: UP TO 90% OF THE PROJECT CAN BE FINANCED, IN CERTAIN CASES UP TO 100% OF THE PROJECT CAN BE FINANCED. LOANS AVAILABLE NATIONWIDE USA. ALL 50 STATES CONSIDERED. |
||||||||||||||||||||||||||||||||
|
MORTGAGE FINANCING: FIRST AND SECOND MORTGAGES AVAILABLE THROUGHOUT THE UNITED STATES. CONSTRUCTION LOANS ALSO AVAILABLE. LOAN AMOUNTS OF 500,000 TO 200,000,000. PROJECT TYPES CAN INCLUDE APARTMENTS, SHOPPING CENTERS, OFFICE BUILDINGS, HOTELS, MOTELS, INDUSTRIAL PROPERTIES. |
||||||||||||||||||||||||||||||||
| FINANCE HOTEL AND MOTEL PROJECTS: WE CAN FINANCE THE TO BE BUILT HOTEL OR MOTEL FLAGGED OR UNFLAGGED. WE ARE READY TO PROVIDE THE CONSTRUCTION OR BRIDGE LOAN SO YOU CAN GET THE PROJECT OFF THE GROUND OR TO REHABILITATE. CONTACT: RICHARD MILFORD - PHONE: 212-631-4272 OR JUST PRESS THE E-MAIL ENVELOPE AND LETS START TALKING ON HOW WE CAN FINANCE YOUR PROJECT. |
||||||||||||||||||||||||||||||||
|
INVESTMENT PROPERTY FINANCING Available in all 50 states. LOAN AMOUNTS: $500,000 to $6,000,000 LOAN PURPOSE: Permanent financing for purchase, expansion or refinance (with or without cash out) PROPERTY TYPES: Mixed Use, Office, Retail, Light Industrial and Warehouse. Special use properties considered on case-by-case basis. TERM and AM: 25 year fully amortizing, with no calls or balloon LOAN TO VALUE: to 75% LTV on multi use properties FIXED RATE TERMS: 5 or 10 yr fixed rates available INTEREST RATES 5 year rate: 5 yr FHLB + 2.65% AS LOW AS: 10 year rate: 7 yr FHLB + 2.90% PREPAY POLICY: Standard: 10% yr 1, declining by 1% per year Optional: 5% for 5 years (increase in rate will apply) |
||||||||||||||||||||||||||||||||
|
ATTENTION: DEVELOPERS 100% FINANCING NOW AVAILABLE Pre-Leasing : Not required Property Type(s): All property types are eligible under this program including apartments, condos, hotels, motels, office buildings, resorts, golf courses, and a wide variety of commercial and residential developments. Geography: Nationwide USA, Canada, Mexico, and other countries considered. Minimum Deal Size (all-in cost): $5,000,000 Maximum deal size (all-in cost): $750,000,000 Development Type: All types of residential and commercial developments are considered under this financing program including hotel resort projects and speculative residential and commercial projects and rehab deals. Timing: Maximum Five (5) Year Hold Period. |
||||||||||||||||||||||||||||||||
|
INVESTMENT
PROPERTIES MORTGAGE LOAN PROGRAM -
- Office
/ Medical / Apartment properties / Industrial
buildings / Retail
centers / Warehouse
properties / Mobile home parks / Self Storage Terms: 10 to 25 year term mortgages dependent on property type. Amortization: Up to 30 years. Property types: Apartments and commercial income producing properties. Loan Types: Fixed and variable rate loans for property acquisition, refinance, and permanent financing. Loan to Value (LTV): Up to 80% LTV: $1,000,000 to $3,000,000.
Up
to 85% LTV on apartments, office properties or anchored retail, $3,000,000
Recourse: NON RECOURSE Origination Fees: PAR RATES NO POINTS FOR THIS SPECIFIC LOAN PROGRAM ONLY.
Rates: 10 yr fixed rate w/ 30 year am: Pre-qualification: 72 hrs Commitment Letter: Within 7-10 days of receipt of complete loan package Funding: 30 to 45 days from Commitment Letter NOTE: For the investment properties loan program only: - No seller carry or secondary financing permitted for this specific loan program - No restaurant, hotel/motel, auto related or land loans for this specific loan program
- No
construction loans under this specific loan program |
||||||||||||||||||||||||||||||||
|
MULTI FAMILY INVESTMENT PROPERTY FINANCING: Available in all 50 states. LOAN AMOUNTS: $500,000 to $5,000,000 LOAN PURPOSE: Permanent financing for purchase, expansion or refinance (with or without cash out) PROPERTY TYPES: Multi family properties in MSAs with populations greater than 50,000 TERM and AM: 25 or 30 year fully amortizing, with no calls or balloon LOAN TO VALUE: Max 1st lien: 75% LTV. Secondary financing not to exceed 85% CLTV CASH OUT REFI: 70% max LTV with 85% minimum occupancy FIXED RATE TERMS: 5 or 10 yr fixed rates available INTEREST RATES 3 year rate: 3 yr FHLB + 2.65% AS LOW AS: 5 year rate: 5 yr FHLB + 2.65% 7 year rate: 7 yr FHLB + 2.65% PREPAY POLICY: Standard: 10% yr 1, declining by 1% per year Optional: 5% for 5 years (increase in rate will apply) OCCUPANCY: 80% minimum at time of origination and projected |
||||||||||||||||||||||||||||||||
|
FLAGGED HOTEL / MOTEL PROPERTIES Quality Properties and Borrowers
Loan Amounts: $2,000,000 - $10,000,000 Term / Am: 10 year term with 25 year amortization Loan Types: 10 year fixed rate loans for property acquisition and refinance Loan to Value (LTV): 70 precent maximum for purchase or refinance (no cash out). 65% maximum if cash out refinance unless being used to enhance value of property. Recourse: Full recourse for this particular program, non recourse loans may be available at different rate, terms and conditions and may have yield maintenance prepayment penalties, this particular program have different prepayment penalty scenarios are dependent upon the specific project. Origination Fees: NONE Loan Fees: 2 to 4 points Rates: 10 yr fixed rate w/ 25 year am: 6.5% to 7.5% Pre-qualification: Completion of our loan submission form, once reviewed and there is interest the documentation below will be requested.
Commitment Letter: Within 7-10 days of receipt of complete loan package. Funding: 30 to 45 days from Commitment Letter. NOTE: - Good credit and cash flow. DCR: 1.3 minimum. - Established properties only. No turnarounds, startups or construction. - Value based on lower of purchase price or appraisal, if purchase. - Borrower must be experienced or hire recognized hotel management company. Please note that we have other hotel/motel financing programs that will review turnarounds, both franchised and non franchised hotels and motels, rates and terms are subject to change and underwriting. NEEDED TO PRE-QUALIFY: - Last 3 years property tax returns. - Year-to-date financial statements. - Current credit bureau with FICO on Borrowers. - Executive Summary from latest appraisal. - Current Personal Financial Statements for Borrowers. - Latest personal tax returns from Borrowers. - Digital photos of property, or web site with photos. - Last 3 years occupancy annual reports. - Year to date occupancy monthly reports. - Amount of loan request. - Detailed use of funds. |
||||||||||||||||||||||||||||||||
|
Commercial Bridge and Construction Loan Program $3,000,000 to $25,000,000
|
||||||||||||||||||||||||||||||||
|
Nationwide Bridge Loan Financing $2,000,000 to $75,000,000 Program Guide: Project Types: Interim financing used to complete a time sensitive transaction, to reposition or renovate existing properties, or to overcome temporary credit or property challenges that make the transaction unsuitable for traditional lenders. Virtually any income producing property, including retail, office, medical, apartments, industrial/flex or special purpose properties. The primary considerations for bridge loan financing are the LTV and a compelling exit (repayment) strategy. Loan Amounts: $2,000,000 - $75,000,000 Terms: 12 to 36 months Amortization: Interest Only Use of Proceeds: Property conversion or renovation or other need Loan to Value: 50% to 90% depending on project specifics and deal strength Recourse: Typically, Yes. Interest Rate: As low as Prime + 1.5%, depending on transaction strength Loan Fees: Dependent on deal strength Term Sheet/LOI: 3-5 days from receipt of all requested information Funding: 10 to 45 days from acceptance of LOI |
||||||||||||||||||||||||||||||||
|
OWNER USER / SINGLE TENANT Commercial Property Financing: Available in all 50 states. We offer very aggressive rates to for Owner User Commercial properties where the Borrower�s business is the primary tenant or there is a single credit tenant Lessee. LOAN AMOUNTS: $500,000 to $6,000,000 LOAN PURPOSES: Permanent financing for purchase, expansion or refinance with cash out. PROPERTY TYPES: Office, retail, wholesale, light industrial and Special Purpose Properties (lower LTV); restaurants, flagged hotels, auto & truck dealers, RV Parks, self storage, bowling alleys, funeral homes, etc. TERM and AM: 25 fully amortizing, no calls or balloons LOAN TO VALUE: Purchases: max 85% LTV on multi use properties, 65% max LTV on Special Use Properties Cash Out Refi: max 75% LTV, lower on Special Use Properties FIXED RATE TERMS: Fixed rate loans available for 5, 10 or 25 years INTEREST RATES 5 yr fixed: 5 yr US T SWAP + 2.50 AS LOW AS: 10 yr fixed: 10 yr US T SWAP + 2.55 25 yr fixed: 10 yr US T SWAP + 2.65 PREPAY POLICY: Standard: 10% yr 1, declining by 1% per year Optional: 5% for 5 years (increase in rate will apply) |
||||||||||||||||||||||||||||||||
|
OWNER USER PROPERTIES Conventional Loan Programs (Not SBA) Property Types; - Office / medical - Restaurants - Industrial buildings - Auto related - Retail properties - gas station/C-store - Warehouse properties - other special purpose
Loan Amounts: $1,000,000 - $30,000,000 Terms/Ams: 15/30, 20/20 and 25/25 (>$2 mil) Loan Types: ARM and Fixed rate loans for property acquisition, refinance and construction Loan to Value (LTV): * Multi-use properties: 85% LTV. To 100% LTV with Seller financing or other real estate equity as additional collateral. ** Special Purpose Properties: 65% - 75% LTV. To 85% LTV with Seller financing or other real estate equity as additional collateral. Recourse: Yes Loan Fees: 0 - 1 point, dependent of deal strength Interest Rates: Qtrly Adj: Prime to P + 1.5% 5 yr fixed: P + 1.0% � 2.5% 10 yr fixed: P + 1.4% � 2.8% 20 yr fixed: P + 1.75% - 3.25% 25 yr fixed: P + 1.85% - 3.45% Note: rates are subject to underwriting approval and may change without notice. Pre-Qualification: 72 hrs Commitment Letter: within 7-10 days of receipt of complete loan package Funding: 30 to 45 days from Commitment Letter NOTE: - Seller carry may be permitted. - Construction loans: all interest and principal accrues during construction - Prepay Policy: 5/5/4/3/3 - Owner Occupancy: 25% minimum. Must have cash flow without rental income. |
||||||||||||||||||||||||||||||||
|
Nationwide
Commercial Real Estate
Development Land, Construction and
Joint Venture Financing Program Guide Borrowers: Experienced investors and commercial developers with demonstrated track record comparable to current project. Project Types: Commercial, retail, office, industrial/flex, residential subdivision, planned communities, golf course communities, condominium and condo conversions. Rehab projects and Special Situation projects considered. Loan Amounts: $5,000,000 - $75,000,000 Terms: 12 to 36 months, or longer depending on project Amortization: Interest Only Use of Proceeds: Total project financing, debt or JV equity for land acquisition, refinance for infrastructure completion and vertical construction Loan to Cost: 50% to 100% depending on deal strength Interest Rates: As low as Prime + 1.5%, depending on deal strength Recourse: Typically, Yes. Non-recourse considered. Loan Fees: Dependent in deal strength Term Sheet/LOI: 3-5 days from receipt of all required information Commitment Letter: Within 7-10 days of receipt of complete loan package Funding: 30 to 45 days from Commitment Letter. Faster as needed. |
||||||||||||||||||||||||||||||||
|
Property Types
Prisons, Jails, and
Juvenile Correction Centers | Condominium Conversion / Construction loans | Loan Types
Loan amounts:
$1,000,000 to $350,000,000 |
||||||||||||||||||||||||||||||||
|
Domestic and International Financing Against
Letters of Credits and Standby Letters of Credit From Creditworthy Banks Financing available against bank instruments of all kinds including but not limited to standby letters of credits, bank guarantees, certificates of deposit, and other type of bank letters All details and the processing of this financing program is handled through a reputable legal firm in the United States. Financing can be in the USA or Internationally must be credit worthy bank that is issuing the letter. Loan amounts of 1,000,000 and above. Rates are competitive rates and processing is expedient. |
Click here for Loan Submission Form, please complete and
e-mail back to us so we can review your project (in Word).
or in
Adobe Acrobat format
PHONE:
212-631-4272
Loans provided are only for business and investment purposes. Only business and investment property and other business assets can be used to collateralize any business and / or real estate loan request. Funds can not be used for any personal purposes and can be only used for commercial business and investment purposes. Borrower may be required to use single purpose borrowing entity which could take the form of a limited liability company or corporation. The first step to begin to see if there is an interest in your business or real estate financing request is to complete the Loan Submission form and e-mail back to Mortgage Cap Financial.
web site: http://www.mortgagecapfinancial.com
Legal Notice
Web Site designed and maintained by
Able Al's
Computer Help.
(c)1998-2011 Mortgage Cap Financial. All
rights reserved.
capital, commercial mortgages, financing, commercial real estate, venture, capital, commercial mortgages, small business loans, financing, commercial real estate, venture, capital, commercial mortgages, financing, commercial real estate, venture, capital, commercial mortgages, small business loans, financing, commercial real estate, venture