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Commercial Loans Nationwide- From $250K to $1BB to  90% LTV as low as 3.25%. NO UPFRONT FEE. Full Document or Stated Income ( No Tax Return ).

Types of Commercial Real Estate:

Retail , Industrial, Trophy and small Office buildings, Apartments, Golf Courses, Facilities, Medical Buildings, Storage, Mobile Homes, Parking Garages, Hotels/Motels, Nursing Homes and Assisted Living & Oil and Gas.

Types of Financing:

  • Purchase ( Some Large acquisition up to 90%  Loan / Equity
  • Term and Cash Out Refinance
  • Bridge Loan / Hard Money Loan Up to $ 20M in 14 days.
  • Asset ( Inventory ) based Loan.
  • Construction( Some Large Developments up to 90%  Loan / Equity
  • SBA up to 90% LTV / LTC.
  • Construction/Permanent
  • Mezzanine Financing
  • Oil and Gas Upstream
  • Private Equity (Growth,Recapitalization & Sell Out)

    • RECENT CLOSINGS LOAN RATES :

    1. 5% 3Yr. fixed on 25Yr. amortization, no PPP , Recourse.

    2. 5.25% 5Yr. fixed on 25Yr. amortization, no PPP, Recourse.

    3.  4.70% fixed for 7 Years, 30 Year Amortization, non recourse with PPP.

    4.  5.00% fixed for 10 years, 30 Year Amortization, non Recourse with PPP.

    5.  5.79% fixed for 15 years, 30 Year Amortization, non recourse with PPP.

    6. 12% , Interest Only, Bridge Loan for 12 months.

    RECENTLY CLOSED LOANS BY US AND OUR CORRESPONDENTS.

    1 -  $ 1,125,000 Apartment Acquisition loan in Mercedes, TX

    2 -  $ 6,000,000, Restaurant and Recreation Foreclosure Bailout in Houston, TX.

    3 -  $ 4,500,000, Medical Building , Foreclosure Bailout in Houston,TX.

    4 -  $ 2,000,220 , Medical Building , Cash Out Refinance in San Antonio, TX.

    5 -  $ 2,400,000, Hotel ( Inn ) , Refinance Loan in Tyler, TX.

    6 -  $ 550,000 , 8-Unit apartment , Acquisition loan in Houston, TX.

    7.   $ 23,000,000 First mortgage acquisition in Florida

    8.   $ 18,800,000 Warehouse loan in MD.

    9.   $ 19,000,000 Condo Conversation in CO.

    10. $ 18,500,000  , 90% Multifamily, acquisition in NJ.

    11. $ Bar and Grill refinance in Boston for $ 4,500,000.

    TROPHY BUILDING IN NEW YORK.

    1-  $ 625,000,000, Acquiring and Renovating Manhattan Office Building at Interest 

            Rate equal to 90 day LIBOR plus 275 Baisis Point which is around 3.25% Interest Only.

    Call George Tesfa

    713- 335-5521 Office

    832-607-1113    Cell.                                                


     

    Tip of the Day......

    1)

    How much loan can you be qualified for ?

    Example : Net Operating Income ( Before Interest and Depreciation Expsene ) is equals to $ 150,000. Then devide this by 1.20 ( Debt to Service Ratio ) which equals to $125,000 then devide this by .06 ( 6% rate ) which equals to $ 2,083,333 ( Loan amount ). Class Dismissed......

     2) What price is a fair price ?

    NOI / Cap Rate = Value.

    Example : NOI = $ 450,000 / year. It depends on the area but anything over 8% Cap rate is a good buy ( If you are a buyer ). In this case, $ 450,000/.08 ) = $5,625,000 ( Purchase price ). If you are a seller, cap rate below 7% is a good sell.

     

    Loan Amount $25,000 - $ 1 Billion.

    • Up to 90% LTV / LTC
    • Full Doc. or No Income Tax Papers
    • 2, 3, 7 & 30 & 40 yr Fixed
    • No Prepayment Penalty
    • Non-recourse
    • Fully Aussumable
    • Fully amortized for 15, 20 ,30 & 40. yrs (with or with out balloons)
    • Discretionary income may be used to meet DSCR requirements
    • Debt service requirement 1.17
    • 640+ credit score
    • Purchase, Refinance, Cash Out  & Construction.
    • Prime plus 1% - 1.5% Rate.
    • Closing 30 - 60 days.

     

     

    APPLY-ONLINE   


     

     

     

     

     

     

     

     

     PROPERTY CHECK LIST. 

    Multi Family - HUD insured multi-family and Senior Homes project loans by using FHA programs up to $ 50 Million.

    • 223(a)(7) -- Refinance of an Existing FHA Insured Multifamily or Healthcare Mortgage - 85%LTV, 35 yr. Fixed.
    • 221(d)(4) -- Multifamily/Apartment New Construction or Rehabilitation Program. 90% LTC, 40 yr. Fixed.
    • 223(f)  -- Multifamily Rental Housing Acquisition or Refinance Program. 85% LTV, 40. yr. Fixed
    • 232 -- Senior Housing / Healthcare New Construction Program. 90% LTC, 40 yr. Fixed.
    • 232/223(f) -- Healthcare Acquisition or Refinance Program. 85% LTV, 35yr. Fixed
    • 202/223(f)  -- Refinance of Elderly Housing Program. 85% LTV, 40 yr. Fixed
    • 242 -- Hospital Facility Loan Program.  90% LTC , 25 yr. Fixed.

     

    Conventional ( Non Hud Insured Loans )

     Apartment ( Multi Unit ) - up to 90% LTV.

     Owner Occupied - Up to 90% LTV.

     Hotel - Purchase/Refi./ Const. up to 90%

     Office Building - Purchase/Refi./ Const. to 80%

     Retail -  Purchase/Refi./ Const. to 80%

     Industrial - Purchase/Refi./ Const. to 80%

    Private Equity Capital Loans( R/E or Business)

     Merger, Acquistion, ReCapitalization to $ 500M.

     Private or State Projects - Loans to $ 500M.

     All types of Projects - $ 5M to $ 500M.