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) |
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| Multi-family Apartments
Grocery Anchored Retail Shopping Centers |
Multi-family anywhere in USA
OTHER TIER 1 MARKETS WITH 500,000+ |
All First Mortgages:
Loan / Deal Sizes ($3,000,000 – $30,000,000+)
First Mortgages |
Purchasing Distressed Debt |
Financing Third Parties
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| 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: |