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Commercial Real Estate Bridge Loans

Need To Borrow $1 Million to $100 Million?

arrow Rates as low as 9% and 3 Points
arrow Super Fast Turn-Around
arrow 2 Days for Commitment
arrow As Fast as 5 Days for Closing
arrow Up to 65% Loan-to-Value Ratio
arrow Commercial Property Acquisitions & Refinancing
arrow Development and Construction
arrowBridge Loans
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Hard Money Residential Loans

» Hard Money Loans

Greenhill Funding We are a commercial Broker but do offer financing on investment residential nationwide, owner occupied residential in the states of CA only or on properties that fit the following criteria:

1. The property must be currently vested as a corporate entity, such as a Trust, LLC, or similar entity. This makes the property an asset of a corporation and can be funded by a commercial loan.

2. We fund up to 65-70% of the fair market value in the first lien position. Fair market value means:

» If this is a purchase, we fund based on the purchase price and would require the borrower to put down at least 20% cash equity.

» If this is a refinance, the fair market or 'as is' value is used. We ALSO represent a rehab lenders that will lend based on the after repair value or ARV.

3. Our minimum loan is $1 million. At a max 65% LTV, that means the property must have a fair market value of at least $1,500,000 to qualify. We can fund hard money commercial bridge loans up to $20,000,000 or more. So the residential properties we fund tend to be larger, luxury homes.

4. We do not require a minimum FICO score to fund a hard money loan and we can close in two weeks from the time the borrower chooses to move forward by signing and returning the LOI along with a down-payment toward the third party costs of due diligence. Unlike conventional bank mortgages for residential properties, the costs of due diligence, such as the appraiser's consulting fee to determine the fair market value, attorney fees, escrow, etc. are paid in advance by the borrower. The sum is generally around $5,000. At closing, the borrower receives an accounting of the expenditures for due diligence and any remaining balance is refunded to the borrower.

Be prepared to provide us with the following to review the loan and issue a term sheet:

» Location of the property – city and state
» Investment Residential or Owner Occupied? Please remember we can only lend on Owner Occupied in WA or CA only.
» The purchase price or estimated current fair market value of the property
» How much you are looking for - remember, we do not offer rehab loans but lend up to 65-70% of the current value/purchase price.
» The reason you are seeking hard money rather than a conventional loan
» Be prepared to send us color photos – inside and out – of the property as well. If you have an appraisal for the property, you can speed the review process by sending that to us. We don't require an appraisal to reivew the loan, just colored photos, but will use one that has been done within the last 6 months.
» Be prepared to send us a personal financial statement or 100 Loan Application on the borrower/guarantor.

To expedite matters, you can send this to info@greenhillfunding.com or contact Marcus Loan Analyst,
at 877-679-4455.

 
 

Multi-Familly / Apartment

Hard Money Loans

Greenhill Funding represents funding Sources for apartment building and apartment complex purchases and refinances. We offer two types of loans for apartments:

Hard Money Loans for the following apartment property types

» Apartment Buildings
» Apartment Complexes
» Apartments – Duplex and Fourplex (4-plex), etc.
» Apartments – semi detached
» Row Houses
» New construction (newly completed or at least 80% completed)

If you are seeking an apartment loan for the purchase of an apartment building or complex, you will want to provide us basic info about the property and the purchase agreement. For the fastest response,call us at 877-679-4455. Take note of the loan ID number that is generated when you complete the form. Put that loan ID in the left corner of the subject line when you email us any supporting documents, such as photos, financials, appraisals, etc. This will help to speed your response time.

Be prepared to tell us:

» Location of the property – city and state
» The purchase price
» Estimated date of closing
» The estimated current fair market value of the property
» The reason you are seeking hard money rather than a conventional loan
» % of occupancy
» Gross Rents (per annum)
» Expenses (per annum)

Be prepared to send us color photos – inside and out – of the property as well. If you have an appraisal for the property, you can speed the review process by sending that to us.

If you are refinancing an apartment building, complex, etc. be prepared to tell us:

» Location of the property – city and state
» The purchase price
» Date you purchased the property
» The estimated current fair market value of the property
» The reason you are seeking hard money rather than a conventional loan
» % of occupancy
» Gross Rents (per annum)
» Expenses (per annum)

We will review your loan scenario as quickly as possible. On weekdays, we can generally review the property on the same day or at the most, the next day and get back to you with an LOI or a reason why we may not be a good match for that specific loan scenario. In the event that Greenhill Group is prepared to move forward with the due diligence process, expect an apartment loan to close in about two weeks from the time the LOI is signed by the borrower and returned with the down payment toward the third party costs of due diligence.

Things to note about Greenhill Funding Group’s hard money apartment loans:

» Greenhill’s minimum loan is $1 million
» The minimum property purchase price is $1,500,000
» In the event of a refinance, the minimum fair market value must be $1,500,000
» Our maximum LTV is 65-70%


Multi-Familly / Apartment - Apply for a Hard Money Loan
or call us directly at 877-679-4455

 
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