Commercial Loans tCompanies Nationwide,

Minimum Loan of $1 million.

Commercial Loans to Companies Internationally,

Minimum Loan of $3 million.

 

Loans are made for business purposes only!

 

I am a mortgage broker with connections to the lenders which specialize in short term Real Estate secured loans for many situations, including bridge funding, hard money, land acquisition, developement and construction, bank workouts, foreclosures & bankruptcies.

Loans from $1,000,000 to $300 Million: Domestic and International!

Loan Term: One to five years. No prepayment penalty.

Collateral: Typically commercial real estate. Other fixed or liquid assets may be considered in some cases.

Loan-to-value Ratio: Loan amounts of up to 75% of the value of the collateral.

Interest Rate: Depending upon collateral & loan structure, rates vary from 9-18%, per annum, interest only. 

Rates for international transactions are generally higher then domestic loans. Rates vary from 12-21%, depending on the country.

In Lieu of equity, a fee of 0-10% may be paid.

Minimum Loan Size: $1 million nationwide, and $3-5 million internationally.

* Lending in most countries around the globe, unless there is economic and/or civil conflict, or they have laws restricting our lenders from taking a first lien.

* Our specific lenders are lending only to companies, not to individuals, and they're also lending to Foreign National companies purchasing commercial properties in the U.S. and overseas.

* The main focus is on the value of Real Estate...and not on Credit scores, or on a personal financial status.

* Loan amounts can be up to 75%LTV of the disposition value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time.

Typically up to 65%LTV for Raw land and developement and construction deals.

Income producing properties starts at 65%LTV, and up to 75%LTV.

If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages.

* Internationally - minimum commercial loans of $3 Million. That may include, for instance, an Estate residential loan (as long as it's not a primary residence).

** Programs and/or rates may change daily by the lenders and without a notice. **

 

 


The following is a partial list of closed loans thus far in 2007:

 

- A $55,000,000 development loan in Georgia

o Details confidential

- A $30,000,000 loan to Buena Vista Partners I, LLC:

o The Loan is secured by 165.9 acres in the Lake Buena Vista area of Florida, minutes from the main entrance to Walt Disney World.

o The loan provides funds for improvements on the parcel to create 17 retail pad sites to accommodate 150,000 square feet of retail space and a 500 space parking garage.

- A $24,900,000 loan to Costa Blanca II Real Estate LLC. and TDS Town Homes, LLC:

o The loan is secured by Tierra del Sol resort which is being built on 120 acres at the northeast corner of Polk County Florida.

o The collateral for KFI’s loan will be a first lien on 38.106 acres which includes pad sites approved for 392 town homes and 252 mid-rise condominium units

- A $23,200,000 loan to Trinity 1515, LLC:

o The loan is secured by a first lien on a 119 unit residential condominium building on a 2.12 acre parcel on the water in West Palm Beach, Florida. The property was badly damaged by two (2) hurricanes in 2004 and 2005.

- A $15,500,000 loan to PDK Investment Group, LLC:

o The loan is secured by a first lien on a 30 acre tract of land in Chamblee, Georgia being developed into the “International Village at Chamblee”.

- A $13,500,000 loan to Trinity Town Center, LLP:

o The loan is secured by a first lien on 13.49 acre parcel in Pasco County, FL.

o The property has final subdivision approval and permitting for a Lifestyle Retail and Office Center with over 200,000 square feet of space in 15 one, two, and three story buildings, with 845 parking spaces.

 

* Please email with any questions, as it will be my pleasure to assist with your company financial investments.

Eli@AbsoluteFloridaMortgage.com

 

 

 

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Eli Magen

Licensed Mortgage Consultant

Absolute Florida Mortgage LLC
6220 S. Orange Blossom Trail, Suite 200
Orlando, FL 32809


Direct:  407-697-1214

Toll:  800-615-1768 Code:17
Office:         407-859-0947
Office Fax:    407-859-8238
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