CAPITAL AND MORE GROUP INC.
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"Flexible Commercial Finance"
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Construction Loans
Capital And More Group Inc. arranges private and non bank financing for new vertical/ ground up construction of commercial real estate properties including retail, shopping centers, full service and limited service hotels, condo hotels, office, industrial and parking structures.
For a more detailed discussion of land acquisition, land development and vertical construction of Residential "For Sale" Single Family Detached housing projects, Single Family Attached housing projects, Condominiums, Condo Conversions, Multi Family (town homes and middle to high end apartments) and Master Planned Community projects with mixed use elements please click on this link immediately below:
The loan amount ranges from $10,000,000.00 to $100,000,000.00 plus.
The main advantage we offer borrowers is that the vast majority of our lenders are direct portfolio lenders. This means that they originate loans directly with their own funds or with discretionary funds committed to them by investors and hold them in their portfolio or on their balance sheet until maturity. They do not securitize the loans and sell them in the secondary market. This provides for maximum flexibility in customized deal structuring that is impossible with conventional lenders whose loans have to fit within a predefined box that will allow for their subsequent securitization and sale. We also have several direct portfolio lenders that can accommodate loans in excess of $50,000,000.00 without the need to syndicate.
Financing options include debt, participating debt, mezzanine debt, high leverage debt, equity, preferred equity and joint ventures.
Generally, the Loan to Value (LTV) or Loan to Cost (LTC) for Construction transactions with Debt Financing only and no profit participation is usually calculated as the lesser of 50%-65% LTV of the future or improved value OR 65%-80% LTC as a First Mortgage. Some Debt Financing only and NO profit participation options can raise the Loan to Cost to 85%-90%LTC as a First Mortgage. Pre-leased or Pre-sold Projects will also generally realize a higher LTC - up to 100%LTC in some cases as Debt Financing only with no profit participation. Another way to raise the LTC to the 85%-90%LTC (or up to 95%LTC in some cases) range as Debt Financing only with NO profit participation would be to put a Mezzanine Loan behind the First Mortgage or to use Equity or Preferred Equity (Equity and Preferred Equity options will usually require profit participation). Joint Ventures which can result in 90%LTC to 100%LTC financing will usually require profit participation.
Loan structures may be up to 5 years, short term/ bridge loans (1 to 3 years) or hard money loans (1 to 3 years).
We have an extremely high leverage bridge loan program (6 months to 36 months) for value-added transactions that will provide up to 100% LTC as Debt Financing only with NO Profit Participation while not exceeding 75%LTV to 80% LTV upon stabilization for loans in the $10,000,000.00 to $30,000,000.00 range. The loan program can be used for the construction, renovation, acquisition, refinancing and repositioning of apartments, retail, industrial, office, condominiums and condo conversions.
Quick closings are possible and can be done as fast as is necessary or possible (usually within 30 days or less) as long as all the paper work, legal work and title work is in order, third party reports required and ordered for the transaction are not delayed and there are no unusual issues present.
Please visit our "Contact Us" page by clicking on the link above, where under the heading "Compatibility Test", you will find an extended discussion of how we work, our fee and the general terms and rates available from most of our lenders' for our various financing programs.
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Copyright© 2003-2007 Capital And More Group Inc. All Rights Reserved
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