Joint Venture Funds Mortgage Capital Financial

Joint venture funding for apartments, multi tenant offices, and food anchored retailers from Mortgage Cap Financial.
commercial real estate, asset business loans, commercial real estate finance, lender, loan services, equipment sale leaseback, business loans, working capital, buy back, refinance, hard cash money, business and finance, commercial lender, financing, equipment sale leaseback, financial services, commercial real estate finance, bridge, resale, commercial property loans, finance, equipment sale leaseback, small business financing, equipment lease, leasing, commercial mortgage, accounts receivable factoring, business, commercial, signature, unsecured personal business lines of credit, 144 restricted and free trading stock loans, stock block purchases, equipment sale, ease-back, funding, equity, lender, medical healthcare doctor financing, purchase order, advance commercial real estate, venture, capital, commercial mortgages, financing, commercial real estate, venture, capital, commercial mortgages, small business loans, financing, commercial real estate, venture, capital, commercial mortgages, financing, commercial real estate, venture, capital, commercial mortgages, small business loans, financing
Mortgage Capital Financial
PHONE: 212-631-4272 | CALL TOLL FREE: 1-800-689-0706 | FAX: 212-208-3069
email us

Project Cost Amount	$15,000,000 to $100,000,000
Acceptable Property Types	Apartments (garden & hi-rise), multi-tenanted office, and food anchored retail (no single tenant transactions).
Equity Funds	Up to 95% of borrower’s equity requirement.
Investment Term	1-5 years available.
Equity Return Rate	9-10% coupon on equity.
Fees	Typically 2 to 3 points depending on transaction size.
Exit Fees	Fee based on a “look-back” at exit to yield a 10-15% annualized IRR (includes interest paid), results in a 40%-60% split in the project cash flow. Length of investment and available cash flow at exit determines split.
Construction/ Permanent financing	May be provided by fund or placed elsewhere - maximum of 70% of cost is typical.
Debt Service Coverage	1.20:1 for apartments 1.25:1 for other property types.
Third Party Reports:	A minimum of an appraisal, engineering, environmental and a feasibility study will be required. The underwriters may require additional reports as well. The quality of the developer and the project is critical to the program.
Guarantees	Personal guarantees required for construction loan portion.
Processing	The underwriter will quote within 5 business days of receipt of primary property data and can generally issue final loan commitment and close within 60-90 days.

Construction/ Permanent financing