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Debt Fund Has New Capital Injection Looking To Be Deployed

As a mortgage brokerage firm, EN Capital, has been extremely lucky to enjoy long, fruitful relationships with many capital sources. Thanks to these relationships, we get to hear first about new capital ready to hit the market...

And, as luck would have it, we have one such opportunity for our subscribers today!

A long-time relationship of EN Capital's has just had a large influx of funds come into their shop, and they're aggressively looking to deploy it.

So far this year they've deployed more than

$100M

, and they want to do even better on the back half of 2019.

This lender is looking for all different types of CRE properties, but they're particularly interested in Office/Industrial, Self-Storage, Healthcare, and Flagged Hotels. 

They're extremely flexible and willing to work with borrowers whose properties are non-cash-flowing. They have no debt coverage requirements at close and only look to the stabilized value to size their loans.

Being more interested in the value they're willing to work with you on your value-add deal and adjust the loan amount as the stabilized value increases. They're looking for...

Deal Criteria: 

• Deal Size

  • $10M - $50M

    • $10M-$30M is their sweet spot, but they will go even higher for the right deal.

• LTV: 65% As-Is

  • However, as value is added they will go up to 65% stabilized LTV

• Rates

  • Starts at: 7.5%-8.5%

• Term

  • 3-36 months

• Asset types

  • All types

  • Bullish on Healthcare properties

    • Bearish on Multifamily

• Location:

  • Nationwide

    • Top 30-40 metro areas preferred but will look outside of metro cities so long as they're within a 30-minute drive

• Deal Types:

  • Acquisition Value Add

  • Will strongly consider non-cash-flowing properties

• Non-recourse

If you have a deal that fits the criteria listed above, then be sure to click the link below and let's start talking today! 

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. 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 President, Nate Whigham on Linkedin.EN Capital is a commercial real estate mortgage broker firm. We have been involved in placing north of $750M of financing. We work on all property types all over the nation, as well as all parts of the capital stack including equity. 

Nathan WhighamPresidentDirect: 310-465-9253[email protected]www.encapitalllc.comCA DRE Broker License: 01793655