Commercial Real Estate Financing

At Extranet Business Finance, we have private lenders that provide commercial loans for your real estate business, either you plan to purchase, refinance commercial real estate, or expand your business.

Projects include: Hospital, Office, Medical, Single Family Home, Lots, Golf Course, Sport Club, Car Dealer, Self-storage, Car Dealer, Industrial, Marina, Church, Student Housing, Self Storage, Senior Housing, Retail, Hospital, Industrial, Land, Student Housing, Self Storage, Senior Housing.

Risk Issues when doing Fix & Flip Projects:

  1. After Repair Value (ARV): Real Estate Investors overestimate the property value after the rehab.
  2. Construction Cost: Real Estate Investors make mistake when underestimating the construction cost that includes unforeseen expenses.
  3. Project Delay: Constructors may get delays on the projects, includes delays on delivering materials, personal problems, machine failures.

Real Estate Investment

  • Fix & Flip: Short Term Financing for the Purchase & Rehab of Single Family Properties
  • Rentals Units: Long Term Financing for Single Properties & Portfolios of Single-Family Rental
  • Multi Family: Purchase or Refinance 5+ Unit Properties & Rehab Short Term, Interest-Only Financing
  • Healthcare Facilities
  • Senior Independent Apartment
  • Loan Amount: $50,000 – $250 million
  • Parameters:
  • 1.Senior Debt LTV: 70 – 80%
  • 2.Subordinate Mezz LTV:  Yes/No
  • 3.DSCR: 1.25% – 1.40 or Deal Dependent
  • 4.Occupancy: 75% – 90% or Deal Dependent
  • Rates: 6% – 14%
  • Term: 6 months – 5 Years
  • Under Writing Priorities: Collateral, Cash Flow, Credit
  • Single Family & Small Multi-Family Portfolio Lending
  • Rehab & Flip Credit Line: $1 million – $50 millions
  • Families Rentals: 1-4 Units
  • Portfolios: 5+

Bridge Lending

  • Loan Type: Acquisition, Bridge, Cash-Out, Construction, Mezzanine, Preferred Equity, Refinance, Recourse, or Non-Recourse
  • Properties Types: Hospital, Office, Medical, Single Family Home, Lots, Golf Course, Sport Club, Car Dealer, Self-storage, Car Dealer, Industrial, Marina, Church, Student Housing, Self Storage, Senior Housing, Retail, Hospital, Industrial, Land, Student Housing, Self Storage, Senior Housing
  • Loan Terms: 1 – 3 Years
  • Loan Interest-Only
  • Partial or Full Amortization Payment
  • Current payment or Accrual
  • Loan Amount:               $50,000 – $1 million – $100 millions
  • Loan Rates:                   7% – 19%, Fixed, Interest-Only
  • Loan Term:                    6 Months – 24 Months – 5 Years
  • Senior Debt LTV:          75% or Varies
  • Sub-Ordinate Mezz LTV: 85%
  • DSCR: Varies
  • Occupancy: Varies
  • Under Writing priorities: Collateral, Cash Flow, Credit

 

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