Acquisition loan is intended for investor intending to buy a real estate asset for purchase only. The acquisition and hold period may be considered for short or long term. Loan may be variable, fixed, or interest only with typically 1 -20-year loan terms, amortizing over 25-30 years. Apply Here.
Acquisition and construction loan for quick renovation projects. Borrower may choose to sell upon project rehab completion or hold the property as income producing rental property, in which case we can convert the loan for permanent financing. Loan is interest only with typically 3 -12-month loan terms. Apply Here.
Construction loans are for more involved rehabilitation projects and/or ground-up construction real estate projects. The secured loan can include budget for soft costs (architecture, permitting, legal), hard costs (construction costs, build out, appliances/finishes), as well as interest reserves for part or whole of the loan term. Loan is interest only with typically 12 -36-month loan terms. Apply Here.
Bridge loans are short term, interim financing. They are often leveraged by borrowers to “bridge the gap” between two loan transactions or capital events. They are can also be leveraged by investors in the predevelopment entitlement and permitting stage of their project before they secure construction financing. Loan is interest only with typically 3 -12-month loan terms. Apply Here.
Cash out loans allow property owners to leverage the equity in their real estate asset. The borrower often uses their withdrawn capital to purchase or invest in additional real estate properties. Loan may be variable or fixed with typically 7 -25-year loan terms, amortizing over 25-30 years. Apply Here.
Rate and Term Refinance allows the borrower to adjust their interest rate and adjust the term of their mortgage while maintaining the original remaining principal amount. This is ideal for borrowers looking to lower their cost of capital during low interest rate environments. Loan may be variable or fixed with typically 7 -25-year loan terms, amortizing over 25-30 years. Apply Here.
Interest Rate Swap is a derivative contract agreement between two financial institutions to exchange future interest rate payments forthcoming from one loan to another. This provides an option for the borrower client to lock in long-term fixed-rate financing. Loan may be for cash out or rate and term refinance. Loans are fixed with typically 10 -25-year terms, amortizing over 25-30 years. Apply Here.
Fannie Mae Federal National Mortgage Association (FNMA) & Freddie Mac Federal Home Loan Mortgage Corporation (FMCC) were both chartered by US Congress. They provide multifamily residential loans for income producing properties. Loans are fixed with up to 35-year terms, amortizing up to 35 years. Apply Here.
Small Business Administration (SBA) is a US government agency that works with lenders to provide loans for small businesses. The 7(a) Loan program provides business owners with short and long-term working capital, refinance of current business debt, and purchase of furniture, fixtures, and supplies. The 504 Loans program provides long-term, fixed rate financing for acquisition or improvement of real estate asset. Loans are fixed for 7-25 years, amortizing up to 25 years. Apply Here.
Affordable housing developers can couple tax-exempt bonds with 4% Low-income Housing Tax Credits (LIHTC) for rental multifamily projects. 9% LIHTC credit is competitive and limited by states' allocation and are generally reserved for new construction and is intended to deliver up to a 70% subsidy. The 4% LIHTC credit is “as-of-right” (non-competitive) and is typically used for renovation projects utilizing at least 50% in federally tax-exempt bond financing and is designed to deliver up to a 30% subsidy. Apply Here.
There are financing options for investors making energy efficient improvements to their property. Namely, The Property Assessed Clean Energy (PACE) provides an affordable financing options for property owners to cover the costs of energy efficient construction upgrades, renewable energy, and climate reliant building features. The PACE program is financed through a property assessment against the subject property. Apply Here.
Mezzanine (“junior”) loans are second lien debt, subordinate to the senior loan on a property. Mezzanine debt can be used to gap or increase the debt leverage of a project capitalization, thereby reducing the Sponsor's required equity contribution amount. Apply Here.