Multi-Family and Mixed-Use Investor Mortgages
If you are looking for an easy, no hassle source of fixed funding..
for residential or commercial properties, then this may be the product for you. We offer both 3, 5 & 7 year fixed rates based on a 30 year amortization. Our lending group requires a minimum 650 credit score & and a full appraisal on the property. Limited borrower financial documentation is required, We fund up to 70-75% of the property appraised value fast and with no hassles. This loan product funds on a current appraised value, not an after repair/improvements value.
If you are looking for a loan for a rehab, see rehab funding. If you are looking to lock in financing for the next 3-5 years with rates significantly lower than “hard money”, this may be the loan program for you.
Terms & Guidelines
| Application Response Time | 24 hours |
| Processing & Closing | 10 – 21 day Turnaround |
| Loan Type | 1st Mortgage Deed of Trust |
| Max/Min Loan Amounts | |
| 1-4 Units | $2,000,000 / $100K |
| 5+ Units | $5,000,000 / $100K |
| Max Loan to Value | 75% Appraised Value 5+ Units |
| 70% Appraised Value 2 to 4 Units 65% Commercial Retail, Offices |
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| Credit Score | 650+ Minimum |
| Borrower Investment for purchase | 0% Minimum |
| Property Types | Non-Owner Occupied Single Family, Multi-Family Mixed Use, Office, Retail, Warehouse, Light Industrial |
| Term/Amortization | 3 & 5 Yr Fixed 30 Yr Fully Amortizing (Others Available) |
| Rate: | 8.49-9.99% |
| Points | 2-4 points |
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Fees |
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| Application Fee | $350 |
| Underwriting & Commitment Fee | $1,395 |
| Appraisal/Broker-price opinion | $300-$2,500 |
| Document Prep | $500 |
| Loan to Value | Equity Required | Rate | Points |
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Acquisition/Construction Funding Specially Designed For Residential & Commercial Property Flippers!
A Loan Specially Designed For Residential & Commercial Property Flippers! Purchase and Rehab that non-owner occupied Single or Multi-family residential property with our 6 or 12 month interest only Acquisition & Construction loan. Whether funding your Partnership, Corporate Entity or you individually we focus primarily on the value of the real estate deal. Our flexible underwriting approach allows us to make a loan with rates and credit scores as low as 10% and 600 respectively. And with our generous loan limits of $10,000.00 to $2 million dollars per deal you be able to acquire the funds you need on most any flip deal. We will also fund certain commercial mixed use projects on a case-by-case basis with this product. PRE-APPROVAL & PROOF OF FUNDS LETTERS AVAILABLE
Terms & Guidelines
| Application Response Time | 24 hours |
| Processing & Closing | 5 – 20 day Turnaround |
| Loan Type | First Mortgage Deed of Trust |
| Max Loan Amounts | $2,000,000 No Minimum |
| Loan to Value | 70% of 'As Rehabed' appraised value |
| Minimum Credit Score | 600+ |
| Borrower purchase equity | 10% Minimum |
| Property Type | Non-Owner Occupied Single Family Residential, 1-4 Family, Mixed Use, Commercial |
| Term/Amortization | 6 or 12 Months / Interest Only |
| Rate | 8%-14.99% Fixed |
| Points | 2-6 Points |
| 60 day & 6 Month Extensions | Available |
| Fees | |
| Appraisal Fee (Typically) | $300-$500 |
| Commitment Fee | $895 |
| Document Prep | $500 |
| Rehab Escrow Fee | $300 |
| Draw Inspection Fees | $150 (each) |
BANK REO - FLIPS - REHABS - NEW CONSTRUCTION
Foreclosure Pre-Approved Credit lines Available
Liberal Underwriting & Credit Approvals
- Must be Non-Owner Occupied
- 10% to 20% Equity Required depending on determined Loan To Value
- Loan Amount based on "As Completed" Value
- Rates are Interest Only
- Fixed Rate
- 6 or 12 Month Start Terms
- Liberal Draw Structure
- Commercial & Mixed-Use Considered
OPTIONS:
- Permanent Takeout 30 Year Mortgage with 3 or 5 year fixed rate adjustable
- 100% Joint Venture Financing with lender Affiliate
- 60 Day Loan Extension
- 6 Month Loan Extension
- Construction Management & Supervision Services
- Contrator & Sub-contractor assistance for your job
Above Rates include borrower using our approved title company and property insurer. Additional rate and/or fees may apply should borrowers elect to use their own title and property insurer.
*BE SURE TO ALWAYS CALL FOR CURRENT RATES, TERMS AND FEES.
*THIS PRODUCT IS CURRENTLY AVAILABLE IN PENNSYLVANIA AND NEW JERSEY ONLY.
| Loan to Value | Equity Required | Rate | Points |
|---|---|---|---|
| 50% | 0% | 0.000 | 0.000 |
| 60% | 10% | 0.000 | 0.000 |
| 65% | 15% | 0.000 | 0.000 |
| 70% | 20% | 0.000 | 0.000 |
| 2.000 | |||
Joint Venture/Equity Financing
This type of financing is created through an affiliation in which both parties agree to share capital, risks and rewards of the venture. It is different from a partnership in that it relates solely to a particular project.
Why choose joint venture/equity for your commercial real estate project?
Shared Capital
By pooling your capital with another party, you’ll multiply your available resources, which in turn greatly increases your chance of success.
Shared Risk
You won’t have to do it alone in a joint venture agreement. Both parties assume a degree of the risk, responsibility and reward of the venture.
Shared Expertise
When you work with Allied’s exclusive network of investors, you gain access to invaluable experience, knowledge and expertise. We know the market, which gives you a leg up on the competition.
Terms & Guidelines
The pricing, terms and conditions of a loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Allied to provide its customers with the most competitive financing available today.
| Loan to Value | Equity Required | Rate | Points |
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Credit Tenant Lease Financing
Credit Lease Financing enables borrowers seeking up to 100% financing for single-tenant properties that are net leased to investment grade tenants. The underlying credit and the ability for the tenant to pay rent are the underwriting criteria.
Terms & Guidelines
Tenants are usually investment grade with ratings published by Standard and Poor’s or Moody’s BBB- or Baa3 rated
Loan terms and amortization periods are co-terminus with lease
Underwriting based on DSCR as low as 1.01X
Non-recourse
| Loan to Value | Equity Required | Rate | Points |
|---|
Mezzanine Financing
Mezzanine Financing is a hybrid of debt and equity financing that gives the lender the right to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. It generally is subordinated to debt provided by senior lenders such as life companies, banks and venture capital companies.
Terms & Guidelines
Loan terms generally 3-10 years (co-terminus with first mortgage)
Up to 85% loan-to-value
Fixed or floating rate (rate of L + 8% – L +12%)
Typically non-recourse
The pricing, terms and conditions of a loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Allied to provide its customers with the most competitive financing available today. Allied can secure financing for loans as low as $200,000 to $5,000,000 through its small loan program, as well as larger deals ranging from $5,000,000 with No-Maximum
| Loan to Value | Equity Required | Rate | Points |
|---|
Construction Loans
Short term, interim loan used for financing the cost of construction. The lender advances funds to the builder at periodic intervals as work progresses. If you’re interested in obtaining a new construction loan from Allied, contact us today.
The construction loan is typically taken out via permanent financing.
Terms & Guidelines
Loan terms generally 12-36 months
Partial disbursements are funded on a scheduled basis (“draws”)
Rate typically priced over LIBOR on a floating rate basis
Full recourse
The pricing, terms and conditions of a loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Allied to provide its customers with the most competitive financing available today. Allied can secure financing for cmmercial loans as low as $100,000 to $5,000,000 through its small loan programs, as well as larger deals ranging from $5,000,000 and up with No-Maximum.
If you’re looking to get a construction loan for your next project, contact us today by Email or call (267) 939-7339!
| Loan to Value | Equity Required | Rate | Points |
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Permanent Financing & Takeout Loans
Allied provides permanent financing for the development, acquisition, refinancing, and repositioning of commercial real estate properties across the United States and Canada.
Permanent financing is a first mortgage (fee of leasehold basis) that has a term of at least five years and replaces the existing mortgage or is obtained after completion of construction (repay the construction loan).
For more information about permanent financing loans, contact your local Allied Capital Adviser representative today!
Terms & Guidelines
Loan terms 5-30 years
Amortization periods up to 30 years
Fixed or floating Rate
Up to 80% loan-to-value
Interest rate priced over various indexes including corresponding US treasury rate or swap rate
Non-recourse
The pricing, terms, and conditions of a permanent loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Allied to provide its customers with the most competitive financing available today. Allied can secure financing for loans as low as $500,000 to $5,000,000 through its small loan program, as well as larger deals ranging from $5,000,000 and up.
| Loan to Value | Equity Required | Rate | Points |
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Private Equity & Debt Financing for your Business or Real Estate Venture from $100K and above with no Maximum
Allied is affiliated or partnered with several private individuals, investment funds and public institutions to provide both equity and debt financing for qualifying comany's and real estate projects
Terms & Guidelines
Contact Allied Capital Adviser for Consultation
| Loan to Value | Equity Required | Rate | Points |
|---|
Acquisition, Construction and Value-Add Senior Debt Program
Loan Amounts of $10M and above No Maximum
Terms & Guidelines
Loan Amounts: $10M and above (no maximum)
Amortization: Interest Only
Rates: 4.5% - 10% (Fixed & Variable Rates)
Points: 0% -3%
Terms: 6-36 months (6 month minimum interest payable on all loans)
Max LTC/LTV: 80%LTC / 75%LTV
Sponsor: Experienced & Credit Worthy
Recourse: Full/Partial/None (Bad Boy Carve Outs)
Closing: 15-45 days (Value Add/Acquisition) - 45-90 days (Construction)
Property Types; Multi-Family, Retail, Industrial, Office, Hospitality, Assisted Living, Mobile Home Parks, Self Storage
(1) The above terms offered as of July10, 2016. Subject to change
| Loan to Value | Equity Required | Rate | Points |
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Commission Advances in 24 hours
Are you a real estate agent who wishes there was an easy way to avoid having to wait weeks and weeks to get paid after you have already done all the hard work of generating a lead, showing houses and writing & negotiating a deal?
Would having access to your next commission check NOW rather than weeks from now help you to cover bills between now & then, or help you to be able to continue to grow your business? This is where Direct Lending Partners Commission Advance program comes in! We can fund you within 24 hours of your request!
We will advance you your commission on any real estate closing in the next 60 days. We are easy to work with and understand the challenge of balancing financials between commission checks. Our Fee Structure is simple with no hidden expense.
Loans available in Pennsylvania and New Jersey Only
Terms & Guidelines
Terms & Guidelines
| Loan Request Turnaround | 24 hour |
| Processing & Closing Time | 24 hours of signed documents |
| Loan Amounts | Up to 80% of commission check |
| Closing Date | Up to 60 days from date of loan |
RATE SHEET
| Advance Amount | 0-30 Days | 31-45 Days | 45-60 Days | 61-90 Days |
|---|---|---|---|---|
| $1,000 | $199 | $239 | $269 | $389 |
| $2,000 | $299 | $379 | $439 | $679 |
| $3,000 | $399 | $519 | $609 | $969 |
| $4,000 | $499 | $659 | $779 | $1259 |
| $5000 | $599 | $799 | $949 | $1549 |
| $6000 | $699 | $939 | $1119 | $1839 |
| $7000 | $799 | $1079 | $1289 | $2129 |
| $8000 | $899 | $1219 | $1459 | $2419 |
| Loan to Value | Equity Required | Rate | Points |
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Commercial Bridge Loans
Allied Capital Advisers provides bridge funding to experienced real estate investors on a case-by-base basis. If you need the funds to bridge yourself to get a project complete and/or refinanced with a permanent lender institution Allied Capital Advisers is there for you. Typically we are able to fund up to a maximum of 85% of the stabilized or after repair value of the property. Secondary collateral may also be required.
Terms & Guidelines
| Application Response Time: | 24 hours |
| Processing & Closing: | 5 – 20 day Turnaround |
| Loan Types: | 1st or 2nd mortgage Deed of Trust |
| Max Loan Amounts: | $2,000,000 |
| Max Loan to Value: | 75% of Improved Appraised Value |
| Credit Score Minimum: | N/A |
| Min Borrower Equity: | 10% |
| Property Types: | Single & Multi-Family Housing, Mixed Use, Condo Commercial, Retail, Office, Warehouse |
| Rate: | 13-15.99% |
| Points: | 3-6 Points |
| Fees | |
| Commitment. | $895 |
| Appraisal/Broker-Price Opinion | $300-$1,500 |
| Document Prep Fee: | $500-$1,500 |
| Escrow Fee: | $300 |
| Inspection Fee: | $150 per inspection |
| Loan to Value | Equity Required | Rate | Points |
|---|
Joint Venture Acquisition & Rehab Funding
Up To 100% Joint Venture Funding
Have a great deal but need capital? We will provide up to 100% of the capital to do the project in a Joint Venture? Have you had past issues that now make it close to impossible for you to get funding in your name? Tired of wholesaling deals and giving up almost all the profits? Allied’s Joint Venture program is your solution!
Terms & Guidelines
Single or Multi-Family, Mixed Use & Commercial Property
Our Joint Venture Deals are straight forward. Here's how they work:
• 100% of all expenses of the project funded
• ALP or its assign takes possession of the property through one of its affiliate entities
• A partnership agreement to share in the profits is entered into with you on the project
• Our affiliates will either assist or directly manage the renovation and sale of the property
• Our standard rate and fees for funding the deal are charged
• Depending on the deal we’ll split the profits with 40-70% going to you.
| Application Response Time | 24 hours |
| Processing & Closing | 5 – 20 Day Turnaround |
| Loan Types | 1st Mortgage Deed of Trust |
| Max Loan Amounts | $2,000,000 no Minimum |
| Loan to Value | 75% of Completed Appraised Value |
| Credit Score | N/A |
| Borrower Equity Required | 0% |
| Property Type | Non-Owner Occupied Single Family Homes, 1-4 Family, Mixed Use, Commercial , New Construction |
| Term/Amortization | 6 or 12 Months / Interest Only |
| Rate | 14.99%* |
| Points | 3 to 6 * |
| Fees | |
| Commitment Fee | $895 |
| Appraisal/Broker Opinion | $300 - $500 |
| Application Fee | $500 |
| Rehab Escrow Fee | $300 |
| Draw Inspection Fee | $150 (each) |
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Notes: If JV, Allied Capital or its affiliate or assigns will hold title and ownership of property & shares in profits with borrower via a Joint Venture agreement. Allied Lending Partner and/or assigns put up 100% of all capital in the deal. |
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Get a quick Quote. Call or apply on line here Quick Quote
| Loan to Value | Equity Required | Rate | Points |
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