|
Who are
we?
WE
ARE STRUCTURED FINANCE SPECIALISTS
AND
PROVIDE COMMERCIAL FINANCE SERVICES
TO
A BROAD BASE OF COMMERCIAL CLIENTS
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) 371-3933
|