Commercial Property Financing Program
||Income producing properties with an emphasis on Retail, Industrial, Office and Multi-family; we will consider condominium inventory and single family improved lot loans. No existing single family units and no unimproved land.
||Central and West Coast of Florida as a primary market; will consider entire Florida market.
||Recapitalization, Refinancing, Acquisition, Partner Buyouts and Discounted Note Payoffs, Possible New Development, Re-Development opportunities
||Bridge Loans, A&D Loans, Development Loans (under certain circumstances)
||Minimum of $2,500,000 up to $20,000,000
||Typically 3-5 years
||First real estate mortage
||Partial to non-recourse, with standard and customary carve-outs
||Loan pricing typically includes upfront origination fee and either a fixed rate or floating rate (prime based). Interest reserves established as necessary.
||Varies based on the risk profile of the transaction
||Must be clearly defined and may include the sale or refinance of the project within the term of the loan
||West Coast Florida based capital source with rapid due diligence / underwriting and closings occurring typically within 30 days.