Loan amounts:  1,000,000  and  above.  Very large loan requests welcome.

Types of properties: Land, construction and development of multi-family, hotels, motels, casinos, shopping centers, office buildings, industrial complexes, mixed use properties, nearly all general and special purpose properties will be considered.

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.

Types of loans available: Land loans, acquisition and development financing, bridge loans, fast equity loans, and long term financing of 5 years and longer.

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.

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 a summary of your project.

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 3^rd 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.

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.

We are seeking developers and investors who have a successful track history and can demonstrate a successful history in residential and commercial development as well as real estate investing.

INVESTMENT PROPERTIES MORTGAGE LOAN PROGRAM -

PRINT OUT AND E-MAIL INVESTMENT PROPERTIES MORTGAGE LOAN APPLICATION (in Word)
                                                                    or in Adobe Acrobat format

Property Types:

-  Office / Medical / Apartment properties / Industrial buildings / Retail centers / Warehouse properties / Mobile home parks / Self Storage

Loan Amounts: $1,000,000 - $20,000,000

 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          
        and above up to 20,000,000.

Recourse: NON RECOURSE

Origination Fees: PAR RATES   NO POINTS  FOR THIS SPECIFIC LOAN PROGRAM ONLY.                

Rates: 10 yr fixed rate w/ 30 year am:
           - Apartments: as low as 5.2% (10yr T + 100 bp � 145 bp)
           - Commercial: as low as 5.6% (10yr T + 140 bp � 170 bp)

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
PRINT OUT AND E-MAIL INVESTMENT PROPERTIES MORTGAGE LOAN APPLICATION (in Word)
                                                                    or in Adobe Acrobat format

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.

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

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

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.