Who are we?
WE ARE STRUCTURED FINANCE SPECIALISTS
AND PROVIDE COMMERCIAL FINANCE SERVICES
TO A BROAD BASE OF COMMERCIAL CLIENTS
Equity Investments
Our investment banking team will
raise equity for experienced
developers and investors
Business Loans
SBA .look-alike. and other
special programs for many
types of business
Private Money
Private loans from $100K to $100 million
and up outside the US and Canada
Conventional Mortgages
$100K and up available throughout the US and Canada
Syndication & Securitization
Long-standing correspondent relationships
strengthen our ability to fund your needs
ALL LOANS REQUIRE
A reasonable and variable good faith application required up front credited only at close;
LOOK LIKE AND LEND
Major Metro Area ONLY Hard Money - Fast Close
(1-3 yrs, Interest Only, no prepay) $100K and up,
Apartments, MixedUse, Office, WH + construction / rehab funding N/A
ASSET DRIVEN
Up to 65% 11.9% and up 3 to 6 points
Big city metro areas ONLY ( NYC, Boston, Chicago, DC, Philly, Atlanta, Miami, LA, Seattle, etc..)
Fast closings; property must have verifiable means to cover the mortgage payments and exit strategy.
Owner Occ . Stated Income / Stated Asset
$150K to $5 million
Owner occ <= 5 units Office, WH, Retail, Medical, Auto Repair, Day Care. Etc..
FICO - 680+ Up to 80% on purchase Rate & Term refi; 75% cash out
Prime + and up Min 25% owner occupancy;
Debt service coverage based on fair market rent of property; minimal paperwork & 30 to 45 day closing;
Multifamily(2, 3, 5, 7, 10, 15 yr fixed term)
$250K + Apartments, Mixed Use (residential + other), MHP (better quality)
FICO 500 +
Up to 80% purchase / Rate &Term refinance UP TO 75% and cash-outs
3 - month LIBOR + 2.5% to Prime + 1 to 6 % depending on due diligence.
1.25 DSCR; 15/15, 20/20. 25/25 30/30 terms available
Full recourse;
CLTV to 90% on apartments + mixed use;
Market rent and interest-only options also available in certain markets
General Commercial Loans
Office, Retail, Light Industrial, Ware Houses, Self Storage
(3, 5, 10, 15 yr fixed term)
$250K and up
FICO 500 +
3 - month LIBOR + 2.5% to Prime + 1 to 6 % depending on due diligence.
1.25 DSCR
3, 5, 10, 15 year fixed terms; with 5 or 30 yr amortization;
Full recourse; CLTV to 90%;
SBA (full term fixed rates available)
$150K up to 5 million - Owner Occupied .
Most prop types include gas station, motel, daycare, assisted living, etc...
FICO - 680 + Up to 90% LTV
Purch or Refi and/or construction/ renov. funding ; Net worth >= 1X loan amt; 25%+ owner occ req.d; 1.25 DSCR; Full
recourse; >= 3 yrs exp in subject business; 3 yrs positive trend on tax returns OR high net worth + strong pro-forma
SBA Look Alike, (adj, 2, 5, 10, 25, 30 yr fixed terms) $200K to $6 million
Owner Occupied - Most prop types included, hotel/motel, daycare, assisted living, etc...
FICO - 680+ Up to 80%;
Lower LTV.s may apply to special use properties
Prime + .25% to Prime + 2.75%, Uses many SBA criteria but avoids full SBA underwriting process; Great for borrowers who already have SBA; Best for props that have 3 yrs positive trend on tax returns + ability to pay w/ depr + int add-back to Fed net income; Borrower MUST have 3+ yrs exp in industry + own funds in property
Bridge Loans - Nationwide Hard Money. Fast Close
$500K + Any commercial property type
We are interested in knowing the FICO, but typically not credit driven
Up to 65% LTV
9.99% and up depending on variables: location, type, credit history, circumstances, exit strategy, etc
Full recourse to borrower; 6 months to 36 month terms,
Interest Only.
Interest and closing costs may be held in reserve escrow
High LTV
$100K and up
(2, 3, 5, 7, yr fixed; Fixed for life (15/15, 20/20, 25/25, 30/30))
Apartments, Mixed Use, Retail, Office, Ware Houses, Self Storage, MHP, Light Industrial, Auto Repair
FICO 500 +
UP to 90% LTV
Prime + 0.25% and up
Get up to 90% LTV for commercial real estate loans WITHOUT a seller 2nd;
Full recourse; Full doc program;
Stated Income / Stated Asset
$100K to $3 Million
Most; Loan amts capped at $2 million for special / limited use; No vacant land
680+ Up to 90% LTV
Prime + 0.25% and up
Adjustable and fixed rates available; Net worth >= 1X loan amt;
Full recourse; CLTV to 90%
Construction Loans (conforming)
$500K and up
Commercial, Tract; Residential / tract development considered on case-by-case basis
FICO - considered on case-by-case basis
Will need evidence of experience, liquidity, and cash in the project
Up to 65% LTV AS IS and As Complete
65% Loan to Cost (Future Value)
INTEREST RATE VARIES on case-by-case basis
1 to 3 year terms;
Owner Occ multi-tenant or Non owner-occ Single Tenant
(15 / 20 / 25 / 30 yr fixed)
$500K to $20 Million (SBA 504 up to $4 million)
Office, Retail, Flagged hotel, Industrial, WH/distrib;
AAA to non-investment grade;
Cashflow – driven program Up to 90% including up to 90% loan-to-cost on construction
3-mo LIBOR + 2.75% and up, fixed at closing at least 51% owner occ for non-single tenant props; Single tenant props can be non-owner occ; Brwr NW >= 1X loan amt; 2 to 3 yrs positive cash-flow trend; 1.10 to 1.35 DSCR;
Seasoning may apply in some cases
Conduit Finance – COMMERICAL LENDERS / HEDGE FUNDS, ETC
$500K and up
(10, 15, 20, 25 yr term)
Apartments, Office, Retail, Industrial, Ware House, Self Storage, Hotels
Up to 75% LTV
10-year T-note + 1.00% to 1.50% or Prime plus .025% and up
Purchase or Refinance Net worth > = 2X loan amt; Owner – occ. OK; 85% + occ. Req’d;
Usually non-recourse; 60 to 90 days to close; No secondary financing
International (non-US or Canada) Private Money Loans
$10M + Most commercial property types
Up to 70% 12% and up; 6 to 10 points
Underwriting based on strength of collateral and cash flow; Loans available ANYWHERE clean title can be verified; Up front deposit of $5,000 or more required; Commitment fee applies;
Factoring
$1 Million + Receivables, Purchase Orders, Inventory
Up to 85% Prime + 3.00% and up
Credit worthiness of receivables or purchasers must be strong.
Up front deposit of $5,000 or more required;
Commitment fee may apply
Mezzanines
$2 million + Most commercial property types
CLTV <= 90% 16% to 22%
Liens placed on shares of LLC or corporation that owns the property;
Up front deposit of $5,000 or more required;
Commitment fee applies
Maritime Lending
$1 million + Most vessels; Available world-wide;
Good standing required
Up to 70% 6-mo Libor + 1.5% to Prime + 2%
Maturity of loan should not go beyond 15th anniversary of vessel’s construction;
$10,000 minimum due diligence deposit required;
CALL TODAY! LES AGISIM
TCRM COMMERCIAL CORPORATION (212) 371-3993
