Apartment Hard Money Guidelines    

 

Property types : APARTMENT BUILDINGS AND OTHER, income property and land (major market)(COMMERCIAL)
PROPERTY TYPES:

  • Underwritten based on equity in the property AND borrower experience
  • A-C property and rehabs (NO D’S)

TYPES OF LOANS:

  • Maturing CMBS Bridge Financing - potential note disocunts
  • Note Acquisition Financing (Performing or Non-Performing)
  • Discounted Payoffs (DPO)
  • Construction Takeout Loans - loan is due?
  • REO Acquisition Financing - blanket and portfolio options
  • Cash Out Financing
                           

PREFERRED PROPERTIES:

  • Apartments/Multi-Family Loans
  • Industrial Loans
  • Office Loans
  • Retail Loans
  • Mixed Use Loans
  • Flex (Office/Warehouse
  • Self Storage
  • Assisted Living

FINANCING PARAMETERS

  • $150,000 - $10,000,000 (per asset)
  • Target 65% LTV (50 - 70% pending type and area
  • Target 2 year term (UP TO 5 YEARS)
  • Non-Recourse Available - max 60%
  • Floating rates, from 7 – 11% (SOFT MONEY) HARD MONEY TO 14%

NOTE ACQUISITION FINANCING
Performing, Sub-Performing – distressed

    Single loan purchases
    • Small loan pool purchases
    • ***MUST BRING SOME CASH TO TABLE
    •  
    • UP TO  50% land (RAW LAND)

     

 

 

Multifamily bridge loan

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 : 10.5- 14% PENDING DEAL SIZE

BRIDGE MONEY: 6-9% ,PENDING RISK AND SIZE

 

 

Apartment Bridge Process

 

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. 
1-3 Years 

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