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LOAN STALLED?
Bank TurnDown, SBA reject, Conduit stall
National direct
Most States, but we as private investors, cannot consider every submission. Accordingly we evaluate each proposal per published parameters.
ASSET BASED LENDER
We are interested in the viability of the submitted loan, rather than the credit type bank process
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GROUND UP COMMERCIAL
Normally 4-15MM, 5.85%-6.15% Fixed Interest Only, to Permanent, 10 yr
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COMMERCIAL REFINANCE
Normally 3-15MM, 5.85%-6.15% Fixed 30/10 to 10 yr
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SECOND MORTGAGE PROGRAM
Normally 1-15MM, 6.95% + Fixed 30/10 to 10 yr, depending on the existing 1st, This is a limited Program, as most existing loans, will be paid off.
PRIVATE LABELING
Largely, an escrow function. This will allow introducing brokers, a measure of privacy, from other brokers.
Our sweet spot is shovel ready ground up construction (normally $4 -15MM) and 3MM+ to 15mm for non-recourse loans, some refinance, rehabs, throughout the commercial sector, including some special use projects, with recent emphasis in hospitality/retail/ medical/value added or mixed use.
PRIVATE LABELING
Our sweet spot is shovel ready ground up construction (normally $5 -15MM) and 2-3MM+ to 15mm for non-recourse loans, refinance, rehabs, throughout the commercial sector, including some special use projects, with recent emphasis in hospitality/retail/ medical/value added or mixed use.
As private investors, our reach does not compete with Wall St./Conduits/Banks. Please note, that Purchase money or acquisition loans are not our forte. Please note NO Land, Apts, SFR, or SFR buildouts, or infrastructure loans)
Rates vary, per project, but 5.8%-6.1% Fixed 30/10 at Par is considered baseline. broker/referals only, (no principals) Please note, each project is unique, and will be evaluated individually. Private Labelling/Table Funding, is offered where appropriate
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National Par Private Family Asset Based Ground up Construction and Refinance i.e.(Hospitality, Medical (Assisted Living, or Value Added/i.e., Office,Retail) Normally 5.850%-6.15 % fixed 30/10 @ Par *(subject to charge); broker, referral agent only, (no principals) to $15MM Non Recourse, seeking Refis, 3 Million+ (NO land,Infrastructure, Multi-Unit/Apts, SFR/or SFR buildouts) Private Labeling/Table Funding, is offered where appropriate. Brokers/Referral sources are protected through Commission letter with borrower source, Payable COE (close of escrow.
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While we will do metro Areas, we particularly like less dense centers, as the cost basis is usually less. Accordingly, we now offer Non-recourse loans, 5.85-6.15% 30/10 at Par on targeted loans. Asset Based, Par Private Family Direct With rollover option up to 2 years. Most Refis to 70% 3M to $15M Non Recourse Loans; Ground up Construction Loans (loan to Cost) Metric, up to 80% LTC |
| As we are Nationwide focused Par Private Direct Lenders normally seeking $3 MM and up Commercial Loans, not brokers, & we per policy do not refer. Sorry However, questions/scenarios are responsively reviewed at lender@privatecommercial.net ;so for fastest response send loan summary/questions to lender@privatecommercial.net we aim to be responsive
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Additional Lending Parameters
” Niche Lender as Unique is now Routine”; limited 2nd TD/Mortgage program $1M Minimum
Specializing in Office, Retail, Industrial, Mixed & Special & Shovel Ready Construction/RefinanceRefinance to 70% LTV and Construction normally to 80% LTC
Special Use Loans: including but not limited to Hospitality: (Hotel/Motel/Freestanding Restaurant, Mobile/RV Parks & Entertainment,), Automotive (service, sales, parks, theme) Self Storage, Medical Office, Assisted living Shovel Ready Commercial Construction, Mixed and Special Use,. Property location and method of proposed repayment, determine level of interest and rate/term. No Apartments*, except for in a mixed development
Submission Format
As private lenders, we have a lot of inquiries, but we attempt to responsively answer questions/ and view Executive Summaries for consideration that fit our general criteria, through email, phone numbers are posted on the website, but normally we recieve a summary via email at lender@privatecommercial net, and the Managing Director, will make contact using a private number, assuming interest.
General format: (loan amount, pictures/or old appraisal, EXECUTIVE SUMMARY, to include purpose of loan/payoff information/estimate of valuation with date/if applicable) To pursue a loan, we will require a commission agreement/between submitting source (broker/ referrral agent) and borrower, (for us to establish agency only.) before we can do more than preliminary underwriting or initiate a site visit. Phone numbers are on the web site, but email, is the quickest and preferred method of communication. Managing Directors will call broker/referral source, upon receipt of summary/question.
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We are a consortium of Private Family Investors, that lend on Commercial properties at Par to brokers/finders that fit our criteria; please review our rate/program attached. We offer private branding, and table lending when appropriate for Funding; Funding is normally through a family closely held LLC. Most states and property types are covered. Targeting ground up construction (normally 5mm to 15mm loans), also Targeting $3,000,000 and Up refinance , non-recourse, long term/low rate private family money, as long as 10 years with a rollover option. If you have a potential submission, we would be glad to offer a rate/term at Par if it is within our guidelines, subject to underwriting/appraisal , and answer any questions you may have. We do not charge for preliminary due diligence or an initial site visit, However, we do require a commission agreement between the broker/borrower, for the sole purpose of determining agency, before we will initiate a site visit. We do not regulate broker/finder points; all escrows closed through licensed real estate brokers, subj to Non-disclosure documentation. We appreciate your interest. Web site: privatecommercial.net
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