CAPITAL AND MORE GROUP INC.
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"Flexible Commercial Finance"
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Commercial Property Loans
Capital And More Group Inc. arranges private and non bank financing for the acquisition, refinancing, repositioning or renovation of existing commercial properties. For a discussion of Commercial Property loans that involve some kind of construction such as redevelopment, renovation or repositioning, please click on this link directly below:
Our preferred products are retail, shopping centers, hotels, office and industrial. We can also arrange financing for developers or investors considering Multi Family properties such as condominiums, town homes and middle to high end apartments. We will also consider properties with mixed use elements.
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 for Commercial Property transactions with Debt Financing only and no profit participation is usually 50%-65% LTV of the "as is" value as a First Mortgage for vacant or non cashflowing properties. The LTV can be less if it is based on a percentage of the fire sale value rather than the "as is" value depending on the condition, location and marketplace dynamics related to the property. Some Debt Financing only and NO profit participation options can raise the LTV to 65%-75%LTV as a First Mortgage for partially cashflowing and partially stabilized or transition properties. Stabilized cash flowing properties can achieve 75%-80%LTV (or higher in some cases) depending on the type or property and the location. Another way to raise the LTV to the 75%-80%LTV (or higher 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%-100%LTV/LTC financing will usually require profit participation.
Loan structures may be up to 5 years, short term/ bridge loans (1 to 3 years) and 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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