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Details

Private lender has a program to free up equity in Commercial Joint Ventures. Cash flowing properties only.

Easy and fast underwriting. No lien on the property. Perfect for Minority Partners with less than 50% ownership to pull out some of their equity short term without tying up the property and asking for permission. Unlock your equity for other commercial opportunities immediately.
Fast close within 2 weeks
Guidelines:
Loan Amounts: $500k - $5M
LTV of estimated partner’s interest: 50%
Combined Loan to Value (CLTV) on the Property: up to 75% of the Capital Stack
No additional Lien filed on the property.
UCC filed on the borrower’s interest only
2 points to the lender going in, 2 points going out
2 points to the broker at closing
Rate: 12% interest only
Term: up to 3 years
No Prepay
No property appraisal
No credit pull
No bank statements or income of borrower
Asset based loan only.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.