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Private Credit for the SouthEast
New Commercial Real Estate Private Lending Platform for the Southeast
A legacy family office with deep real estate lending and investment experience launched a new private credit platform earlier this year focused on the Southeastern US. They’re focused on providing construction and rehab loans for residential properties such as non-owner occupied townhomes, condos, apartments and build-for-rent communities. They can lend on land for these uses as long as they have line-of-sight to providing construction financing. This is a well capitalized boutique lending platform operated directly by the principals so they’re looking to build long-term relationships with repeat borrowers.
Typical terms:
Loan Amounts: $1M - $8M (can look at larger loans case-by-case)
Interest Rate: 12%
Fees: 2-3%
Max LTV: 70%
Deal Types: Construction, Rehab, Fix & Flip
Property Types: Apartments, Townhomes, SFR (for sale and rent) and Condos
Markets: Southeastern US (Florida, Georgia, Carolinas, Alabama, Tennessee)
Prepayment Penalty: None
If you have a deal that needs financing click the button below:
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EN Capital is capital advisory firm / intermediary and NOT a direct capital source. Seriously, every time we sent out an email someone replies and gets pissy when they realize we’re intermediaries and not direct lenders. It’s clear on our website, LinkedIn and emails. We don’t know how to make it more obvious. Don’t be that guy.
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Nathan Whigham
President
CA DRE Broker License: 01793655
EN Capital Contact Info:
www.encapital.com
[email protected]
Direct Line: 310-465-9253