Loan Products
Eligible Properties
• Multifamily • Mixed-Use • Office
• Commercial • Industrial • Land
Markets
Focused on the tri-state area but can lend nationwide for the right deal
Loan Size
$150,000 – $15,000,000
Soft Deposits
Our soft deposits are structured as an assignment of the entity that is in contract to purchase the property. Once paid off, we assign the contract back. Real estate owners utilize this product when they would like to get a property in contract but don’t want to tie up their funds in a good faith deposit for 30, 60 or 90 days.
Structure
Fund in 48 hours or less
Transaction Fee: tailored to each specific deal
Legal Fee: typically $1,500
No credit checks, appraisals or underwriting fees
Mezzanine
A unique niche product, catering to borrowers seeking very short-term financing with a very quick turnaround. Clients use our mezzanine loans to get short-term funds when they are tight on cash, expecting funds in the near future from the sale or refinance of a property and are in need of a less-expensive alternative to bringing in an equity partner.
Structure
Our approach towards arranging gap financing solutions is fluid. We customize our fee scale based on your circumstances, the size of your loan and your considerations.
Typical time period: 1-4 months
Bridge
Borrowers utilize our short-term bridge loans when they need an acquisition loan and are very tight on timing. They use it as a bridge to a bridge, closing quick and keeping the loan in place long enough for another bridge lender to take it out. Alternatively, we offer more traditional, longer-term hard money loans as well
Structure
First position mortgage
1-12 months
Rates: 9%-18%
Close: 3 days – 3 weeks
Up to 90% LTV and 100% of rehab