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- 46 Days Left For 2022 (copy 01)
46 Days Left For 2022 (copy 01)
Only 45 Business Days Left In 2022
2022 Is Coming To An End, But There's Still Time
45 Days.
You have 45 business days remaining in 2022.
You don't have much time if you need a commercial loan between now and year-end. However, if you act NOW, there is just enough time to get a loan closed and funded before New Year's Eve.
We know that everyone is busy. We're super busy, but this is where the fun begins. Personally, I love Q4. Things in the CRE industry tend to move slowly most of the year, but Q4 is when all the stops get pulled, and things get done. This year seems to be no exception and seems to be bubbling over with even more pressure than usual due to the Fed's rate hikes. However, deals are getting done, and funds are being distributed.
Some loan types take too long to be done by the end of the year, but others are fair game. The types of loans we're seeing getting done are bridge loans, around 65% LTV/C. If you need a bridge-to-stabilization or a cash-out refinance to pad your coffers in preparation for what's looking like an interesting 2023, then we can help.
I speak with bridge lenders almost daily, and while their leverage has decreased, their activity has not. On average, they're looking for:
Loan Sizes: $5M - $40M
Interest Rates: 8.99% - 11.99%
Lender Fee: 2 - 3 points
LTV: max 65%
LTC: max 65%
Term: 12 - 36 months
Property Types: Multifamily, Industrial
Recourse: Full PG
Closing Time: 7 - 10 Business days after signing LOI
Geographics: Nationwide, but primary markets move faster
If you need a loan closed and funded before year-end don't wait. Click the button below, and get a call scheduled today so we can discuss your opportunity.
P.S.
If you're brand new to the EN Capital newsletter; each week we promote a new capital source for a variety of commercial real estate properties. So if the above lender is not relative to you, the chances are high that we'll have the perfect capital source for you soon.
P.P.S.
EN Capital is a commercial real estate mortgage brokerage shop.
We are not direct lenders. Seriously, every time we do a blast some guy responds and gets pissy when he realizes we're brokers. It's on the top of our website, LinkedIn, clear in all our marketing. We honestly don't know how to make it more obvious. Don't be that guy.
P.P.P.S.
If you have a commercial real estate deal, unrelated to the above, that needs capital right now reach out to us and let's chat!
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Connect with EN Capital President, Nate Whigham on Linkedin Here
Connect with EN Capital Associate, Justin Ashcraft on Linkedin Here
Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Direct Line: 323-521-4766