Real Estate Lending Parameters

Real Estate Lending Parameters

Prosperity Capital Group Investment Profile Includes: First trust financing for value added transactions or opportunistic transactions. This includes new acquisitions, recapitalizations, and special situations.

We are now funding Debtor in Possession financing (DIP financing). This is a special form of financing granted to companies in financial trouble. Usually these companies are in a Chapter 11 bankruptcy. The unique feature of a DIP loan is that the bankruptcy court usually grants a super-priority status to the new loan. This means that the new loan gets to jump in front of any mezzanine financing and any senior mortgages in the debt stack.

Prosperity Capital Group has substantive experience in these types of projects and can provide DIP financing.

Please Click Here To Request A Commercial Loan if you are interested in securing such financing.

Eligible Property Types

Geography (Tier 1 Markets in US)

Multi-family Apartments

Grocery Anchored Retail Shopping Centers
Mixed Use
CBD Office
Suburban Office
Medical Office
Student Housing
Warehouses / Distribution / Flex
Flagged Hotels
Parking Garage
Self Storage
Condo Unit Inventory Loans

Multi-family anywhere in USA

New York City
New York – Metro
Boston
Philadelphia
Washington DC
Atlanta
Austin
Charlotte
Chicago
Dallas
Denver
Houston
Los Angeles
Miami
Memphis
Nashville
Phoenix
Portland
San Diego
San Francisco
Salt Lake City
Seattle

OTHER TIER 1 MARKETS WITH 500,000+
MSA CONSIDERED

All First Mortgages:

Loan / Deal Sizes ($3,000,000 – $30,000,000+)

First Mortgages

Purchasing Distressed Debt

Financing Third Parties
Purchasing Distressed Debt

Loan to Value Ratio: Up to 75%
Interest Rate: 12 – 15%
Term: 1 – 3 years
Amortization: Interest Only
Recourse: Preferred
Origination Fee: 3 – 5 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1 – 3 Points
Borrowing Entity: Special Purpose Entity
Loan to Value Ratio: Up to 75%
Interest Rate: TBD
Term: 1 – 5 Years
Amortization: TBD
Recourse: TBD
Origination Fee: 3 – 5 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1 – 3 Points
Borrowing Entity: Special Purpose Entity
Loan to Value Ratio: Up to 75%
Interest Rate: TBD
Term: 1 – 5 Years
Amortization: TBD
Recourse: TBD
Origination Fee: 3 – 5 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1 – 3 Points
Borrowing Entity: Special Purpose Entity

Residential Hard Money Loans:

(Click here to request residential loan)

Loan / Deal Sizes ($36,000 – $300,000+)

Lending Criteria

Cash Out Or Refinance

States We CAN NOT Fund

Loan Amounts: $36K to $300k
LTV: Up to 65% of the purchase price ONLY (No Rehab or ARV)
Rates: 13% to 18%
Terms: Up to 60 mo.
Closing: Within 1 week to 1 ½ weeks
Loan Type: Single Family (1 to 4 units), Condos (90k min), and Town Homes: NO mobile homes, log homes, vacant lots or commercial projects.
No Prepayment penalties or balloon payments
Specialty to programs:
1) Program does not check credit, no income or asset verification. Will have higher interest rate
2) Program with lower rates must have credit score of 620 or better
Clients may cash out of property up to 50% of the value of their home. Must be free and clear NO MORTGAGE OR OTHER LIENS.Minimum amount of value of the home is $36K. Single Family (1 to 4 units), Townhomes, and Condos ($125K MIN). AZ, AK, CA, DE, HI, ID, KS, MA, MN, NE, NV, ND, OR, RI, SD, VT, AND DC

CITY AND COUNTY RESTRICTIONS WE CANNOT FUND:
IL–COOK COUNTY INCLUDING CHICAGO
MI–DETROIT, FLINT
OH–CUYAHOGA COUNTY INCLUDING CLEVELAND

These Terms Are Subject To Change Without Notice And Does Not Impose Any Obligation On The Lender To Make A Loan

Click Here To Request A Commercial Loan

Please Note: The above parameters are guidelines and not an offer or term guarantee for your particular project. Each deal has it’s own unique specifications. If we choose to move forward with your project, your Fund Manager will review the exact terms of your specific loan with you in detail. Our firm may be able to refer you to one of our transactional funding partners if your project so requires.