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TX,OK, CO,AZ,NM,UT,CA,GA,NC,TN,OH,FL, are states we focus- if yours is not there, ask - there may be exception to our bridge loans.
Our bridge and hard money loans offer immediate results (close in 1- 3 weeks) with creative capitalization plans that meet the unique set of financial circumstances of each transaction. Our capital sources are lending and buying property. We have set up a group to evaluate lending and buying opportunities on apartment buildings. | more
Soft Money apt loans -
Allow for faster close, more flexible with borrower experience and credit and property stability. IF your Multifamily -Apartment building is less than 80% occupied but has some cash flow or the individual has the ability to cover the debt some "soft money" loans may be available. These are in between hard money and bank-institutional loans - rates from the 7''s
Nationwide (top 25 type markets ) for deals over 500k and for in Texas we will consider major markets : Dallas,Houston,San Antonio and Austin and also smaller markets in Texas such as Amarillo,Lubbock, Midland, El Paso, Tyler-Longview, Waco, College Station, and The Gulf Coast to the Valley. Loans in Texas as small as 200k.
HARD MONEY : 8.5- 14% PENDING DEAL SIZE AND LOCATION
BRIDGE MONEY: 4-9% ,PENDING RISK AND SIZE - NON RECOURSE AVAILABLE
HINT - DONT SHOP FOR RATES , SHOP FOR SOLUTIONS , NO LOAN IS ALIKE
We can arrange loans both internally and as intermediary giving us superior flexibility access more capital. Typical bridge and hard money loans may go up 10 million and more for “A” type properties and borrowers.
Apartment loans considered:
-Purchase and Rehab multifamily
-Purchase only (loan off of as is value)
-Refinance (payoff seller carry, mature loan…)
-Cash out (many clients cash out after paying -cash to acquire the apartment building)
WHERE: We are located in Texas but consider apartment buildings in most top 50 markets.