Some investors are in a challenging financial climate. As long as you currently maintain your credit score in good or impeccable standing, you have the ability of receiving an approval for a commercial real estate loan. Our commercial lending professionals are strategic in organizing your scenario. Now is the time we can offer your company flexible commercial financing. We work with local and national commercial lenders who are creative in making your commercial real estate transaction happen.
Alternative Apartment Financing and Multifamily Loans
Take advantage of our competitive Apartment Financing and Multifamily products with financing services geared towards your real estate investment.
In today’s market, the investor knows its time buy apartments and fractured condos.
The demand for rent is becoming an epidemic; rent inflation is popular, a precise time in real estate where investors are back purchasing apartments, fractured condos, multifamily and mixed use buildings.
Loan Parameters:
- Minimum Loan Amount: $125,000
- Better Credit Scores Provide Higher Loan to Value and Conservative Interest Rates
- Build to Rent Loans
- No upfront commercial broker fees
- Fix and Flip
- Five plus units
- Rental Hold Loans (36 Month Term)
- Tax Returns not Required
Fractured Condos
A typical fractured condo transaction are existing multi units of an apartment-condo community, for instance, 20 units or more in a 200 unit community, which are owned by investment entity. The “broken condos” are either are listed for sale or refinanced into another commercial real estate loan.
Some Fractured Condos are distressed assets; they have incomplete construction or when there are more unsold condo units than sold units in the development. At that point, the units are listed for sale to an investment entity, they purchase the fractured part of the apartment-condo community, which are either incomplete construction or simply unsold.
A developer may seek a fractured condo purchaser when more unsold units than sold units equate to a possible financial liability. In the end of this scenario, an investor or an investment pool may purchase the remaining units and utilizing fractured condo financing.
Loan Parameters:
- From 2 condos to 200 Condos
- Purchase or Refinance
- Partial Lien Release- Okay
- Underwritten like Multifamily
- Builder Controls HOA-Okay
- Interest Reserve-Yes
- Condo Projects that are partially or fully rented
- Loan to Value: 75%
- Terms: 6-24 months
- No Pre-Payment Penalty
- No upfront commercial broker fees
Alternative Commercial Real Estate – Conventional Term Loans
Ask us how a term loan can help you strengthen your competitive position, increase your working capital, and maximize your business profitability. Refinancing your existing properties tailored for your business solutions is one way of strengthening your capital. If you are you in the market of buying commercial real estate, contact us for a free consultation regarding your financing options.
Easy SBA
Eligible credit scores starting at 670
Minimum loan amount: $350,000 to 10 Million
Types of Commercial Properties and Businesses are eligible for a Commercial Real Estate Loan, SBA 504 and SBA 7a?
- Assistant Living Facilities
- Anchored Retail
- Attorneys
- Automotive- Auto Repair
- Bowling Alleys
- Builders
- Churches
- Construction
- Dentists
- Developers
- Doctors
- Flagged and Non-Flagged Hotels
- Flagged Motels
- Golf Course
- Industrial
- Marinas
- Medical Plazas
- Medical Practice
- Mixed Use
- Mobile Home Parks
- Office Buildings
- Office Condos
- Retail Building
- Retail Stores
- Stand alone retail building
- Restaurants
- Rural Small Business
- Self Storage
- Showrooms
- Strip malls and shopping centers
- Unanchored Retail
- Warehouse
Commercial Real Estate Construction Loans
- Minimum 3M loan amount
- 55% Loan to Value is based on Loan to Cost
- Credit Score 700 or better
Why Commercial Hard Money Financing?
Hard Money is a short term alternative loan that is securitized by your commercial real estate; the funds are made by a pool of private investors, not a retail bank. If you have a unique property or a distressed financial situation, hard money financing is an alternative solution – cross-collateralization maybe required. Commercial hard money financing is more expensive than conventional financing, because of the property type or the credit or the property’s distressed financial status. A commercial short term loan is more costly for an investment project.
Our large scale of Hard Money products offer you countless resources to complete your purchase, refinance or short-term rehab project. For the past 26 years, we provided endless lending opportunities to our satisfied clients
Commercial Hard Money Bridge Parameters
- Credit Score Requirement: 660 or better
- Build to Rent
- Documentation: Full Documentation, Alternative Documentation and No Tax Returns
- Fix and Flip
- Minimum Loan Amount: $125,000
- Loan Terms: 6-24 Months
- Maximum Loan to Value: Up to 75%
- Subdivision/Infill loans
Debtor in Possession Financing
- Chapter 11 Debtor Financing
Mezzanine Loan
- Second Lien Position on Commercial Real Estate
- Ideal for Quick Cash Out While Retaining Your Current First Lien Holder
Small Balance Commercial Real Estate Loans
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- $100,000 and up
- Credit Score: 660 or better
- Loan to Value Starting at 70% and up to 75%
Alternative Commercial Lending and Commercial Hard Money Bridge Specialists
For more information on how this Florida boutique firm can serve your commercial real estate loan and commercial hard money bridge request, please fill out the online contact form about your concerns or give us a call at 239.260.4602 Read what people have to say about First Pro Capital on our Testimonials page. Conveniently located in Naples Florida.
Allow our team of professionals to assist you!