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