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Terra Cotta
Fast Bridge Loans for Storied Credit Deals
Fast Bridge Loans for Storied Credit Deals
We've started working with a lender who is looking for deals that wouldn't typically qualify for bank loans.What does that mean?They'll consider office, retail, and industrial properties that
Fall below a 1.0 DCR
Have near-term lease rollovers
Lack lease seasoning
Value-add opportunities
And, they're accepting all types of storied credits
In the new COVID world, finding any lender who will lend on office (let alone retail) is almost unheard of. Finding one that will lend on office, retail, AND allow non-bank qualifying deals?... That's non-existent.This private credit fund has capital that they need to deploy so they're looking for deals. They have some additional criteria which are:
Deal Sizes:
$5M - $20M
Up to 80% LTV/LTC
Rate
L+ 500 - 750
Term
Up to 5 years I/O
Non-Recourse & Recourse Options
$10k - $30K Good Faith deposit to cover legal and paperwork
Geographics
Western United States - Major MSA's only
Property types
Office
Retail
Industrial
Multifamily
They can get us a soft quote in 1 day, an LOI in 2 days, and can complete DD and close within 2 weeks!If you have a deal that meets these criteria, then we should talk.Click the button below or shoot us an email and let's get started 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.
EN Capital is a commercial real estate mortgage brokerage shop.
We are not direct lenders.
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]Justin Direct Line: 323-521-4766