CAPITAL AND MORE GROUP INC.
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"Flexible Commercial Finance"
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Commercial Land Acquisition & Development
Capital And More Group Inc. works with some of the nation's best private and non bank lenders for Commercial Land Acquisition & Development. We will also consider projects 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.
Our preferred product is land that is entitled and approved (or that is currently in that process and making significant progress) for commercial use. To fit with our program, the land use has to be for retail, shopping centers, hotel, office, industrial and parking structures. As discussed earlier, we will consider projects with mixed use elements.
Depending on the transaction, we can arrange a one stop shop financing facility that encompasses all aspects of the land development process (land acquisition, land entitlement, land development and infrastructure construction) as well as the vertical construction phase. We can also arrange separate facilities for the land financing and the vertical construction financing.
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 Commercial Land Acquisition and Development 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. 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) and hard money loans (1 to 3 years).
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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