mullaned2002
94 Posts |
 Posted - 04/01/2008 : 08:26:37 AM
|
Pinecrest National Funding, LLC is a direct private lender providing fast shortterm
financing on most commercial property types.
Loan Parameters
Loan Size: $500k - $10M +
Property Types: All Commercial Properties Considered (Office, Retail,
Industrial, Mixed Use, Multi-Family)
LTV: Target: 65% Non-income producing properties
Up to75% on Income Producing, Stabilized Properties
Loan Term: 6-18 Months (No Prepayment Penalty after 6 Months)
Up to 36 months with renewals
Amortization: Interest Only
Interest Rates: 12-14 percent (floating over 30 Day LIBOR)
Origination Fee: 1-4 pts
Closing Time: 2-3 Weeks
Properties We Like to Finance:
· Office buildings,
· Apartment Buildings,
· Mixed-use, Shopping centers,
· Warehouses,
· Owner-occupied commercial facilities ,
· Auto repair/mechanic shops,
· Gas Stations/Car Wash (we value land and structure only),
· Industrial,
· Flagged and stabilized motels/hotels
Property types which we DON’T have interest lending on:
1. Land
2. "White elephants" (very large vacant facilities, very large single family residences)
3. Theme/water Parks
4. Hospital
5. Daycare Centers
6. Churches
7. Ground up/Development Construction
For More Info. or to Submit a Deal Please Contact:
Dan Mullaney (917) 826-2079 DMullaney@Pinecrestfunding.com
501 Madison Avenue
Suite 501
New York, NY 10022
Tel: 646-723-3333 Fax: 646-349-3529
www.pinecrestfunding.com |
|
Search for: 
