Income Producing Properties Financing Program 

Loan Amounts: $2,000,000 to $500,000,000

Financing  for income producing properties car washes, convenience stores, gas stations, shopping centers, office buildings, industrial complexes, single purpose owner occupied commercial properties, apartment buildings, mixed use properties, apartment buildings  and large projects  can look at projects in USA and Mexico for this loan program. Other international countries are reviewed on case by case basis.

All types of income producing properties will be considered minimum loan amount $2,000,000 can go up to $500,000,000 on this financing program

Please e-mail detailed executive summary of the project, rent rolls, income and expense statements and the term of the loan that you need. Both bridge and long term loans are provided.  Acquisitions, refinancing and partner buy-out loan requests are welcome.

Both recourse and non recourse loans can be provided  bridge loans are 1 to 3 years in length, there is 5 year term product with 25 year amortization period, and there is 10 year term with 25 year amortization period and there is a unique 25 year term product with 25 year amortization period.

Please tell us exactly what type of loan you need and the term, for acquisitions please also provide copies of purchase contract and personal financial statements and proof of down payment funds and also tell us when you need to close the loan.

Areas of interest include energy, manufacturing, textiles, technology, pharmaceuticals, appliances, sporting equipment, construction materials, and consumer goods businesses.

Loan requests have to be $10,000,000 and above but loan amounts being requested can be up to One Billion Dollars and above.

Projects have to be 1 billion dollars and above and can be domestic or international in scope and can have multiple locations if within a specific country.

The Purpose of this program is to promote economic development and job creation and the project can be done in phases but the total cost of the project should exceed one billion dollars and can be domestic or international.

Countries: Politically stable countries there is strong interest for projects in Central and South America including Mexico.

Types of projects: Hospitals, energy projects of all types including recycling projects, bridges, roads, power plants, and a wide variety of commercial real estate projects and business expansion projects

Information we need for initial submission: 

Projects must be 1 billion dollars and above and can be domestic or international in scope and can have multiple locations if within a specific country.

Please e-mail a summary of your project.
 

Mortgage Cap Financial Commercial Financing Program

minimum loan $1,000,000 to $5-$10.0MM

75 - 80% depending on property

Gas  stations

health  care facilities

special use (bowling, tennis, etc)

multifamily

office, retail, warehouse

golf course

motel (non-flag)

others considered

owner occupied

Low personal credit score considered

judgments & liens ok

no recent bankruptcy

WSJ prime plus 2 - 4%

2 - 4 points         

5 year term with 25 year amortization

prepayment penalty

3% year 1 – 2% year 2 and 1% year 3 (see me on this for turn-a-round properties)

close in 3-6 weeks

Third Party Needed:

appraisal

phase 1 environmental

engineering

borrower background check

Rates:                           Highly competitive with a wide array of rate plans, including:                                

Loan Terms:                 6 months, 2, 3 and 7 year ARM with 15, 20 & 30 year amortization
                                         15 year fixed with 15-year amortization                                                                                      
                                         20 year fixed with 20-year amortization                                               
                                         30 year fixed with 30-year amortization

Loan to Value:          Varies with Credit Score and Property type.

Eligible Properties:     

Tier I:   Multi Family and Mixed Use

Tier II: Office, Retail, Warehouse, Bed & Breakfast, Self Storage, Mobile Home Park (< 25% RV)

Territory:                      Available in most major markets.

Fees:                            Varies with type property and age

Prepayment:              Varies with loan Program

Arms Caps:               Varies with loan Program  

Arm Margin:             Varies with loan Program

Additional INFO:     Dry Closings: 48 hours to fund

  Environmental Insurance required on all properties (must submit AIG questionnaire with loan)

                                    Tax and Insurance Escrow Required.

Trust, LLC, Corporate entity acceptable on all products with personal guarantee.

                                    Seller Second up to 20% of property value

                                                (Rate and margin increase 1% & max LTV decreases by 5%)

                                    Unlimited Cash Out on Refi’s.

                                    Loans are assumable for 1% upon approval                  

Phase I:                        Not required on most properties.           

All loan applicants must qualify under underwriting requirements.
Loan programs are not available in all jurisdictions. Loan programs are subject to change without notice.

(a) personal and business financial statements and tax returns, (b) credit reports, (c) A/R & A/P agings (d) debt schedules (e) other applicable docs.

Highlights         

            Max 1^st Mortgage loan amount           $5,000,000

            Purchase                                             to 90% LTV

            Refinance                                            to 85% LTV

            Cash Out                                            to 75% LTV

            Combined LTVs                                 to 90%

            Minimum Average FICO                    600

            Targeted DSCR of                              1,20x

Eligible commercial property types include multi-purpose and mixed-use.

ò   Fixed, Hybrid and ARM Rate Options

ò   Fully Amortizing 30-Year Term

ò   No Call Provisions or Balloon Payments

ò   Prepayment Penalty Options

ò Ability to prepay up to 20% of principal within any rolling 12-month period without prepayment premium

125,000 to 2,000,000   loan amounts

Documents needed: 

(a) current personal and business financial statements (b) most recent year end business tax return or a financial statement and signed IRS form 4506 for prior 2 tax years (c) most recent personal tax return or W2 (d) A/R & A/P aging (e) debt schedule (f) other applicable docs.

          Hightlights

          Max 1^st Mortgage loan amount                   $2,000,000

          Purchases to                                               90% LTV

          Refinances to                                              85% LTV

          Cash Out to                                                75% LTV                                                   

          Combined LTV: to                                     90%

          Minimum Average FICO                            600

          Targeted DSCR of                                      1.20

Eligible commercial property types include multi-purpose and mixed-use.

ò                 Fixed and Variable Rate options

ò       Fully amortizing 25-year term

ò       No Call Provisions or Balloon Payments

ò         Prepayment Penalty Options

ò         Ability to prepay up to 20% of principal within any rolling 12-month period without prepayment premium

UNSECURED BUSINESS LINES OF CREDIT
• Commercial mortgages
• Fixed-Rate Stock Loans
• Bridge Loans
• Equipment Financing
• Oil Well Financing
• Movie Financing

UNSECURED REVOLVING BUSINESS LINES OF CREDIT WITH 5-YEAR TERMS NOW AVAILABLE FOR YOU AND YOUR CLIENTS.

THIS ABSOLUTELY FANTASTIC LOAN FOR SMALL BUSINESS OWNERS IS AVAILABLE WITH VERY MINIMAL LOAN APPROVAL CRITERIA – TO QUALIFY YOU ONLY NEED:
• One year of business operations.
• No severe adverse business credit history.
• The owner's personal credit score of 680 and above.
  Apply Now!  Download Unsecured Business Lines of Credit application form in Word or PDF .

Loan Amounts:            $125,000 to $1,000,000

Rates:                           Highly competitive with a wide array of rate plans, including:

Loan Terms:                 1, 2, and 5 year ARM with 15 year amortization

                                         20 or 30 year amortization

                                        15 year fixed with 15-year amortization                                                                       
                                        20 year fixed with 20-year amortization

                                        30 year fixed with 30-year amortization

Loan to Value:          Varies with Credit Score and Property type.

Eligible Properties:   Up to 90% cash Loan to Cost for acquistions for certain projects           

Tier I:   Multi Family and Mixed Use “UP TO 80% LTV”

Tier II: Office, Retail, Warehouse, Bed & Breakfast, Self Storage, Mobile Home Park (< 25% RV)

Tier III: Automotive, Industrial, Funeral Homes, Rooming House, Marinas with ocean access

Tier IV: – (Special Purpose) Day Care, Hotel/Motel, Campground, Restaurant (min credit 640 on Bar/Restaurant)

Territory:                      Available in most major markets.

Fees:                            Varies with type property and age

Prepayment:              Varies with loan Program

Arms Caps:                Varies with loan Program

Arm Margin:               Varies with loan Program   

Borrower Credit:           Minimum Credit Score 575 on Tier I & Tier II Properties

                                           Minimum Credit Score 600 on Tier III & Tier IV Properties

                                           Minimum Credit Score 640 on Restaurants and Special Purpose

Additional INFO:     Dry Closings: 48 hours to fund

                                   $500,000 – $800,000 Loan Amounts Minimum Credit Score = 600

Environmental Insurance required on all properties (must submit AIG questionnaire with loan)

                                    Tax and Insurance Escrow Required.

Trust, LLC, Corporate entity acceptable on all products with personal guarantee.

                                    100% Cash out reduce LTV by 5%

Non Seasoning Refi. Min Score 600, lower LTV by 10% (no more than one deed transfer in past 24 months)

                                    Seller Second up to 90% CLTV

                                    Unlimited Cash Out on Refi’s.

                                    Bankruptcy & Foreclosure not a problem.

                                    Loans are assumable for 2% upon approval           

Phase I:                        Not required on most properties.           

All loan applicants must qualify under underwriting requirements.
Loan programs are not available in all jurisdictions. Loan programs are subject to change without notice.

Loan amounts:  1,000,000  and  above.  Very large loan requests welcome.

Types of properties: Land, construction and development of multi-family, hotels, motels, casinos, shopping centers, office buildings, industrial complexes, mixed use properties, nearly all general and special purpose properties will be considered.

Rates and terms are reviewed with the principals and /or broker after submission of loan submission form and executive summary of the project has been received.

Geographic areas: Throughout the United States with loan amounts 1,000,000 and above.

International  loans 20,000,000 and above.  Projects in Mexico can be reviewed in loan amounts of 1,000,000 and above.

Types of loans available: Land loans, acquisition and development financing, bridge loans, fast equity loans, and long term financing of 5 years and longer.

Small, medium and large size developers are invited to submit loan requests. Types of land projects that we have reviewed recently are residential subdivisions, land lots, commercial development of land lots and subdivisions of mixed use properties. 

Interest rates are reflected by the perceived risk of the project and the financial strength of the principals and the willingness of the principals to guarantee the loan requests. Also the amount of time the principals have to act upon the loan request, very fast loans can be provided but the cost of capital will be higher because funds are derived from private funds. For projects that have a 30 to 60 day window to close interest rates can be lower because a greater amount of time is available for due diligence and greater amount of documentation can be provided and supported.

We are able to assist developers in virtually all phases of their development whether it be a commercial or residential development, and sometimes there may be more than one solution to their financing request and they will be presented after review of their construction and development loan request.

Special purpose property types such as amusement parks, casinos, power plants, and owner occupied business properties such as offices, gas stations, truck stops, and other special purpose properties can be considered.

We understand the needs of the developer, and whether you need a fast loan to take advantage of a special acquisition opportunity or need a complex financial structure to build out your next project we are ready to consider your construction and development financing request.

Please submit an executive summary of your construction and development loan request to Mortgage Cap Financial  by E-Mail.

Brokers and principals invited to acquire about all of our financing programs, information and checklists about the requirements of the various financing programs can be obtained by reviewing our entire web site.  If there are any questions, please contact us.

Assets that can be used as collateral: Real estate and business assets such as equipment and machinery, and accounts receivables.

Industries: Power plants, manufacturers, wholesalers, retailers, energy projects, distributors and real estate developers and investors such as hotel and motel owners and developers, casinos, shopping centers, convention centers and hi-tech industries, airlines, railroad companies are just examples of some of the industries that can be provided financing.

Interest rates and terms: Quality projects can get the most competitive rates; both domestic and international projects can qualify.

Information needed to get started: Executive summary of your project loan request.  Please e-mail us a summary of your project.

All loan requests have to be collateralized and debt financing is provided in the form of mortgages on real estate and liens on equipment and machinery.

Business Analysis section:

1. Current Mortgage Note and last month's mortgage statement

2. Rent Roll

 Lease Type- NNN, Gross, etc.

 - Sq. ft.

 -Lease term

 - Business type of each tenant

3. Principal's bank statement of past 6 months

4. Borrower's bank statement of past 6 months

6. Principal's resume

7. Company background description

8. Incorporation documents, which show the ownership structure

9. Property owner’s tax return of 2002, 2003, 2004

10. Principal's 2004 and 2005 tax return

12. Is there any management company for the subject property?  Please provide background and experience description.

13. Regarding the owner-operating business- ,  kindly provide the following information. <For Owner-Occupied Property> 

 •           Business started by (founder) in . If current principal is different from the founding one, what year succeeded? What year the business incorporated?

•       Describe the operation.

For example- Operating hours, one or two shifts, weekend/holiday schedule (if applicable) # of employees and by department

•           Products/services, geographic service area (territory)

•           Marketing, source of clients, major clients (if applicable)

•           Major facility/production equipment
For example:

 What is the utilization ratio of the facility or production equipment?

•           Pricing Mix, strategy

•           Local competition, competitors

•           Seasonal cycle, monthly sales figures for the past 12 months

•           Banking relationships What bank the operating entity maintains the banking relationship with?   Any loan from the bank?

14. Historical operating statement (profit and loss statement) of borrower 

15.  Three year projection (operating statement) of borrower and property owner.

16. Borrower's and Owner's updated Balance Sheet

17. Principal's Balance Sheet

18. Please provide the leases .
 

BELOW PRIME RATE - FIXED RATE FINANCING:

Owner – User and Investment Properties

Available in all 50 states.                                                  

LOAN AMOUNTS:         $500,000 to $5,000,000

LOAN PURPOSE:         Permanent financing for purchase, expansion or refinance (with or without cash out)

DOCUMENTATION:       Full Doc only – min DCR of 1.2

CREDIT SCORES:         650 FICO

PROPERTY TYPES:      Owner – User or Investment Properties: Mixed Use, Office, Retail, Light Industrial and Warehouse. Special use properties considered - case-by-case.

NOTE: Flagged hotel/motel and restaurants ARE eligible for this program.

 TERM and AM:              25 year fully amortizing, with no calls or balloon

LOAN TO VALUE:         to 75% LTV on multi use properties

INTEREST RATES         2 year fixed rate: Prime less 1.25%

AS LOW AS:                5.75% Current APR

NOTE: At end of 2 yr term, Borrower will have option of quarterly adjustable at P +1% or 5 yr fixed at then current rates.

PREPAY POLICY:         Standard: 10% yr 1, declining by 1% per year

                                    Optional: 5% for 5 years (increase rate by .625%)

 Other programs available with 5,7,10 and 25 yr* fixed rates. Call 212-631-4272 for details and quotes.

* 25 yr fixed rate available only on Owner User Properties.

INVESTMENT PROPERTY FINANCING:  

Available in all 50 states.

LOAN AMOUNTS:             $500,000 to $6,000,000

LOAN PURPOSE:              Permanent financing for purchase, expansion or refinance (with or without cash out)

PROPERTY TYPES:          Mixed Use, Office, Retail, Light Industrial and Warehouse. Special use properties considered on case-by-case basis.

TERM and AM:                  25 year fully amortizing, with no calls or balloon

LOAN TO VALUE:             to 75% LTV on multi use properties

FIXED RATE TERMS:       5 or 10 yr fixed rates available

INTEREST RATES             5 year rate: 5 yr FHLB + 2.65%

AS LOW AS:                       10 year rate: 7 yr FHLB + 2.90%

PREPAY POLICY:              Standard: 10% yr 1, declining by 1% per year

                                              Optional: 5% for 5 years (increase in rate will apply)

ATTENTION: DEVELOPERS

100% FINANCING NOW AVAILABLE

Pre-Leasing :  Not required

Property Type(s):  All property types are eligible under this program including apartments, condos, hotels, motels, office buildings, resorts, golf courses, and a wide variety of commercial and residential developments.

Geography:  Nationwide USA, Canada, Mexico, and other countries considered.

Minimum Deal Size (all-in cost):  $5,000,000

Maximum deal size (all-in cost):   $750,000,000

Development Type:  All types of residential and commercial developments are considered under this financing program including hotel resort projects and speculative residential and commercial projects and rehab deals.

Timing:  Maximum Five (5) Year Hold Period.

We are seeking developers and investors who have a successful track history and can demonstrate a successful history in residential and commercial development as well as real estate investing.

MULTI FAMILY INVESTMENT PROPERTY FINANCING

Available in all 50 states.

LOAN AMOUNTS:             $500,000 to $5,000,000

LOAN PURPOSE:              Permanent financing for purchase, expansion or refinance (with or without cash out)

PROPERTY TYPES:           Multi family properties in MSAs with populations greater than 50,000

TERM and AM:                   25 or 30 year fully amortizing, with no calls or balloon

LOAN TO VALUE:             Max 1^st lien: 75% LTV. Secondary financing not to exceed 85% CLTV

CASH OUT REFI:               70% max LTV with 85% minimum occupancy

FIXED RATE TERMS:       5 or 10 yr fixed rates available 

INTEREST RATES             3 year rate: 3 yr FHLB + 2.65%

AS LOW AS:                        5 year rate: 5 yr FHLB + 2.65%

                                               7 year rate: 7 yr FHLB + 2.65%

PREPAY POLICY:              Standard: 10% yr 1, declining by 1% per year

                                              Optional: 5% for 5 years (increase in rate will apply)

OCCUPANCY:                    80% minimum at time of origination and projected

INVESTMENT PROPERTIES MORTGAGE LOAN PROGRAM -

PRINT OUT AND FAX OR E-MAIL INVESTMENT PROPERTIES MORTGAGE LOAN APPLICATION (in Word)
                                                                    or in Adobe Acrobat format

Property Types:

-  Office / Medical / Apartment properties / Industrial buildings / Retail centers / Warehouse properties / Mobile home parks / Self Storage

Loan Amounts: $1,000,000 - $20,000,000

 Terms: 10 to 25 year term mortgages dependent on property type.

 Amortization: Up to 30 years.

 Property types: Apartments and commercial income producing properties.

 Loan Types: Fixed and variable rate loans for property acquisition, refinance, and permanent financing.

 Loan to Value (LTV): Up to 80% LTV: $1,000,000 to $3,000,000.