Current Funding Programs

Transcription

1 Current Funding Programs FHA-HUD (221 d4 / 223 f / 223 a7 / 232) For Apartments, Apartment Rehabs, and Senior Housing Purchase, Refinance, Construction 80 to 85% Financing Rates Start in low 4 s 35 Year Terms / 35 Year Amortization Declining Pre-Payment Penalty Non-Recourse Min Loan Amount $7,000,000 Fannie May and Freddie Mac For Apartments, Apartment Rehabs, Senior Housing Purchase, Refinance 75 to 80% Financing (Student 70%) Fixed and Variable Pricing 30 Year Terms / 30 Years Amortization Yield Maintenance Pre-Payment Penalty / Non-Recourse with Standard Bad Boy Carve Outs Min Loan Amount $750,000 Credit Package Needed for Agency Financing: Current Rent Roll Color Pictures

2 CTL (Credit Tenant Lease/NNN) For BBB+ or better Credit Rated Tenants Purchase, Refinance 90 to 95% Financing Fixed Pricing Term and Amortization will match or not to exceed the outstanding life of the lease agreement Defeasance Pre-Payment Penalty Non-Recourse Min Loan Amount $1,000,000 Credit Package Needed for CLT Financing: S&P Credit Rating Report Lease Agreement Color Pictures Conduit (CMBS) For Class A Office, Apartments, Retail, Industrial Warehouse Purchase, Refinance 70% Max Financing 10 Year Fixed Pricing 30 Year Terms / 30 Years Amortization Yield Maintenance Pre-Payment Penalty Non-Recourse Min Loan Amount $4,000,000 Credit Package Needed for Conduit Financing: Current Rent Roll Color Pictures

3 Conventional For all Investor and owner occupied Property Types Purchase, Refinance, Rehabilitation, Construction 50 to 75% Max Financing (Student 70%) Rates Start in mid to high 5 s 3/5 Year Fixed Pricing 3-7 Year Terms / 20/25 Years Amortization Declining or Yield Maintenance Pre-Payment Penalty Min Loan Amount $250,000 Credit Package Needed for Conventional Financing: Current Rent Roll Color Pictures Agricultural Loans For all Full Time Farmers Purchase and Refinance 70% Max Financing WSJ Prime / LIBOR / T Bill Variable and Fix Rates Debt to Assets Ratio 50% 3 to-30 year Terms / Years Amortization Min Loan Amount $200,000 Credit Package Needed for Agricultural Financing: including Schedule F 3 Years of subject 1120, 1065, Schedule F

4 SBA 7(a) For all owner occupied Property Types Purchase, Refinance, Rehabilitation, Construction 75 to 80% Max Financing Variable and some Fixed Pricing Available year Terms / Years Amortization Declining Pre-Payment Penalty Min Loan Amount $250,000 SBA 504 For all owner occupied Property Type Purchase, Refinance, Rehabilitation, Construction 85 to 90% Max Financing Fixed and some Variable Pricing Available year Terms / Years Amortization Declining Pre-Payment Penalty Min Loan Amount $250,000 USDA B&I For all Investor and owner occupied Property Types Purchase, Refinance, Rehabilitation, Construction 75 to 80% Max Financing Rates Start in the mid to high 6 s Variable and some Fixed Pricing Available year Terms / Years Amortization Declining Pre-Payment Penalty Min Loan Amount $750,000 Preliminary Credit Package Needed for 7(a) SBA 504 B&I Financing: Profit and Loss Projections 2 Years (by Month for the first 12) Business Plan STR Report FDD

5 Bridge Loans Nation wide For all Property Types Rates start at 11.5% and go up-to 15% 12 Months with one 12 Month extension for 2pts 5 to 8 Points 60 to 65% Max Loan to Value (70% Max on a case by case basis) Min Loan Amount $750,000 Institutional Bridge Loans Nationwide For the following property types in larger MSA s - Apartments, Office, Retail, Industrial, Office, Self-storage, Mobile home communities, Assisted Living Centers 6.00% Floating Rate Floor (LIBOR + spread) 36 Months with 24 month Lock out 3 Points 70% Max Loan to Value Non-Recourse Min Loan Amount $10,000,000 Max Loan Amount $50,000,000 Small Balance Bridge Loans Nationwide For almost all property types Rates start at 13.99% 15 year Amortization 3 to 5 Points 60% Max Loan to Value Min Loan Amount $250,000 Max Loan Amount $1,500,000 Investor Bridge Loan Program For almost all property types Rates start at 16% to 18% 12 months with a possibility for a 3 month extension 4 to 6 Points 60% Max Loan to Value Min Loan Amount $250,000 - Max Loan Amount $3,000,000 Credit Package Needed for Bridge Financing: Current Rent Roll & Color Pictures

6 Leasing For all Businesses Specialize in A to C Credits Purchase and Sale Leaseback Medical / Technology / Construction / Ag Equipment / FF&E Capital Leases / FMV Leases / Operating Leases / Early Buyout Option / Equipment Finance Agreement Application only up to $75,000 Min Lease Amount $5,000 Maximum Lease Amount $5,000,000 Credit Package Needed for Leasing: Application Last 3 months of Bank Statements Description of the Equipment to be leased and the dollar amount Full Doc will include the above and this additional information Small Business Express Loan Program For all Businesses Unsecured For Business Purposes Only - including Start-Ups / Working Capital / Equipment Interest Rates starting a Prime % or Up to 7 year repayment Credit Score Driven Minimum 700 No Bankruptcies / Foreclosures or Repossessions in the last 7 years No Late Payments in the last 2 years Application Fee of $495 No prepayment penalty Minimum Loan amount $5,000 Maximum Loan amount is $50,000 Credit Package Needed for Small Business Express Program: Signed Agreement Application Upon approval a Business Plan (Template will be supplied) will be needed before funding

7 Accounts Receivable Factoring For all Businesses Flexible Invoice Factoring and Receivables Purchase Line Industries - Oil and gas / Refinery and Chemical Plants / Printing / Manufacturing / Temporary Staffing / Telecommunications / Transportation / Distribution / Janitorial / Government Contracting / Marine Transportations / Security Guard Service / Consulting Specialized Program available for Progressive Billing and/or Work in Progress Transactions for the construction industry Prohibited Industries - Businesses selling to consumers Max Advance Rate is 70% to 80% Minimum Facility is $50,000 to a Maximum Facility is $3,000,000 Pricing % to 2.75% every 30 days for Factoring -.75% to 1.75% Service Fee to be quoted on the Specialized Program Accounts Receivable Financing (True Revolving Credit Line) For all Businesses This facility is not factoring we use the Account Receivables as collateral Max Advance Rate is 65% Minimum Loan Amount is $50,000 to a Maximum Loan Amount of $2,000,000 Pricing the facility charges a daily simple interest rate ranging from % to.05833% - only charged on the outstanding balance + an administrative simple daily rate of.025% Medical Receivable Financing: (Profit and Non-Profit) Hospital, Clinics, Doctor Practices, Nursing and Intermediate Care Facilities, Medical Laboratories, Dental Laboratories, Home Health Care Services, Kidney Dialysis Centers, Specialty Outpatient Facilities and Day Care Centers for Children and Seniors This facility is not factoring we use the Account Receivables as collateral This facility finances contract receivables issued to Federal, State and/or Municipal Governments; Medicaid or Medicare; Major insurance companies; and/or other commercial related entities Can pay off your existing credit facilities up to 35% of the credit line extended No Personal Guarantees are required in the majority of cases Do not consider FICO scores in the credit decision Once complete Application is received 24 to 72 hours for approval Final Underwriting, documentation and Funding within 3 weeks Max Advance Rate is 65% Minimum Loan Amount is $50,000 to a Maximum Loan Amount of $2,000,000 Pricing the facility charges a daily simple interest rate ranging from % to.05833% - only charged on the outstanding balance + an administrative simple daily rate of.025%

8 Credit Package Needed for Receivable Financing Program: Application Last 3 years of Financial Statements (Profit & Loss and Balance Sheet on Accrual Basis) Current Interim Year to Date Financial Statement (Profit & Loss and Balance Sheet on Accrual Basis) Current Accounts Receivable Aging (For Medical you will need to Separated by State, City, Medicare, Medicaid, Major Insurance Companies and/or Other) Historical collections ratio report Current Accounts Payable Aging Projected Financial Statement for current year and for next year (only need upon request) Note Purchase Program For all Note Purchase Opportunities Single Note or Portfolio s Have a Structured Finance Program similar to what FDIC provides on a Bank Failure Prefer Non-Performing but will also look at Performing Want to restructure the Debt for the current owner of the property Exit strategy is for the current owner to take out this Loan in 12 to 24 months Minimum Amount is $250,000 on a single note if there is additional business that can be generated no Maximum Amount Credit Package Needed for Note Purchase Program: Call for details