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COMMERCIAL LOANS

At VCI Commercial we understand how difficult it can be to secure a Commercial Real Estate Loan.

The process can be confusing, time consuming and complex. It doesn’t have to be that way! Through our Network of Lenders & Investors  we have access to hundreds of financial programs and funding sources. Specifically, we have relationships with large institutional lenders, Wall Street Investors, Pension Funds, Insurance Companies, and Private Lending Groups. Mission-Critical Issues: We often help facilitate financing on real estate where banks have failed. Our lenders offer exceptional commercial mortgage programs beyond the limits of most local banks. Even if your credit is not perfect, We can work with you. With our network we are able to work with A, B, C and D credits. Thomas Duffy has a track record for giving its customers fair and competitive rates, without sacrificing service. Since every deal varies, we cannot directly quote a rate until the application and package is fully completed and submitted to our Lenders. Commercial Property Loans Tom can handle many different types of commercial properties, here are just a few: Apartments, Shopping Centers, Truck Stops, Office Buildings, Warehouses, Automobile Dealerships, Day Care Centers, Golf Courses, C-Stores, Owner Occupied Buildings, Manufacturing Facilities, Movie Theatres, Health Care Facilities, Hotels/Motels, Raw Land, Car Wash, Casino, Churches, Gas Stations, Industrial Parks, Malls

Venture capital Commercial focuses on speed of delivery  and flexible, tailored financing of multifamily loans from 500,000 to 1%0,000,000. Venture capital  has a new streamlined small loan program. Loans from 1%00,000 to $499,999 are available under this program. Please contact me for details.Venture capital M&A  now offers our lowest rates ever for the best Tier 1%+ deals.  These deals must be located in California and is reserved for the high quality, stabilized and seasoned properties.  In addition, we are looking for exceptional sponsors with market experience, liquidity, net worth, excellent personal credit. We offer up to 75% on purchase transactions, 75% LTV on rate and term refinances and 70% LTV on cash out refinances for this program.  The following is an example of the new terms:

  • 3-Year Fixed  3.96% @ 1% 3,2,2% prepay

  • 3-Year Fixed  4.1%4% @ .50% fee with 4,3,2% prepay

  • 5-Year Fixed  3.86% @ 1% with 5,4,3,2,2% prepay

  • 5-Year Fixed  3.99% @ .50% fee with 5,4,3,2,2% prepay

Venture capital Commercial continues to offer excellent rates for the best Tier 1% deals.  These deals must be located in our preferred markets and is reserved for the high quality, stabilized and seasoned properties.  In addition, we are looking for exceptional sponsors with market experience, liquidity, net worth, excellent personal credit. We now offer up to 75% on purchase transactions, 70% LTV on rate and term refinances and 65% LTV on cash out refinances for this program.  The following is an example of the new terms:

  • 3-Year Fixed  4.1%6% @ 1% 3,2,2% prepay

  • 3-Year Fixed  4.34% @ .50% fee with 4,3,2% prepay

  • 5-Year Fixed  4.1%4% @ 1% with 5,4,3,2,2% prepay

  • 5-Year Fixed  4.27% @ .50% fee with 5,4,3,2,2% prepay

Venture capital Commercial  continues to offer exceptional rates on our Tier 2 transactions. These deals must be located in our preferred markets and is reserved for the above average quality. Properties under this program typically require stable current and historic occupancy and cash flow. In addition, we are looking for solid sponsors with market experience, liquidity, net worth, good personal credit.  We now offer up to 75% on purchase transactions, 70% LTV on rate and term refinances and 65% LTV on cash out refinances for this program.  The following is an example of the new terms:

  • 3-Year Fixed  4.52% @ 1% with 3,2,2% prepay

  • 3-Year Fixed  4.88% @ 2% fee with 4,3,2% prepay

  • 5-Year Fixed  4.53% @ 1% with 5,4,3,2,2% prepay

  • 5-Year Fixed  4.79% @ 2% fee with 5,4,3,2,2% prepay

Preferred markets for Tier 1% & 2 pricing:

Coastal Southern CA, San Jose, Salt Lake City, Chicago, San Francisco Bay Area, Boston, Washington DC, Seattle, Minneapolis/St. Paul, Denver, Portland, NY Metro, New Jersey, Philadelphia, Dallas, San Antonio, Austin

Venture capital   is continuing to lend nationwide. Loans that are not in our preferred markets fall under the Tier 3 pricing.  This program requires a minimum of 1%00,000 in population. Minimum DSCR requirement may be increased based on risk of transaction. Stable current and historic cash is generally required. Properties recently stabilized may be acceptable with exceptional sponsorship. Rate-add may apply to mitigate market risk. In addition, some loans in the less desirable submarkets of Tier 2 may fall into this category. We continue to offer 65% on purchase transactions, 60% on rate and term and cash out refinances.

  • 3-Year Fixed  5.08% @ 1% with 3,2,2% prepay

  • 3-Year Fixed  5.44% @ 2% fee with 4,3,2% prepay

  • 5-Year Fixed  5.09% @ 1% with 5,4,3,2,2% prepay

  • 5-Year Fixed  5.35% @ 2% fee with 5,4,3,2,2% prepay

Commercial Mortgage Banking Worldwide

Conventional & Private Money

Commercial Property

  • Very Low Pricing 3.95% – 5 Year Fixed*

  • Very Fast Close

  • Most Property Types*Subject to approval of borrower, property, and all required conditions.

International Funding – $5,000,000 minimum

  • Construction and rehab

  • Commercial property – Any type

Joint Venture/Preferred Equity Program

  • Acquisition, Development, Construction & Rehab

(You bring the property & the know-how: We bring the money)

Business Loan Program (non-Real Estate based)

  • Business Acquisition & Development

  • Venture Capital

  • Technology Funding

Other Programs of Interest

  • Minerals, Mines, Energy Projects

  • Note Purchase, Securities, Fine Art

Please contact us with a scenario on any type of property or business loan.

Thomas Duffy

commercial & business loans 203-775-9999 or 803-802-7286

tom@venturecapital-advisors.com

WWW.VENTURECAPITAL-ADVISORS.COM

COMMERCIAL FUNDING SINCE 1995

 

You can count on personalized service from our Financing Solutions program. Our staff is highly experienced and committed to providing the best rates and terms for your individual needs. Call us for a complimentary cash flow analysis for purchase, start-up, expansion, debt refinance, or other loan.

Financing Solutions For Doctors Practice Purchase Financing

100% of purchase price plus working capital
No additional security required other than the practice assets
Fixed rates for up to 15 years
Practice Debt Refinancing

Refinance your existing variable rate loan to lower fixed rate
Consolidate your bill into one low monthly payment
Improve your cash flow
Commercial Real Estate Financing

Up to 100% financing for purchase
Cash out refinance available
Terms up to 25 years

These rates are indicative of what you can expect for a $2,000,000 or larger loan on a non-owner occupied property with excellent quality and full occupancy. For loans between $100,000 to $2,000,000 add 1.0% to 3.0%.

Rate Estimates
(As of: 8/23/2012 )

Anchored Retail
Apartment
Auto Services
Condo-Conversion
Congregate Care
Convenience Store
For Sale Housing
Golf Course
Industrial
Lodging
Medical
Mini-storage
Mixed Use
Mobile Home Park
Office
Religious Facility
Research and Development
Restaurant
Special Purpos
10 Year Fixed Rate
(Index: 10 Year Treasury, 1.67% )
Loan to Value
50% 60% 70% 80%
3.8% 3.8% 4.0% 4.2%
3.6% 3.7% 3.8% 4.0%
4.4% 4.5% 4.7% NA
3.9% 3.9% 4.0% 4.2%
3.9% 3.9% 4.1% 4.3%
4.5% 4.6% 4.8% NA
4.5% 4.6% 4.8% NA
4.5% 4.5% 4.7% 4.9%
3.8% 3.8% 4.0% 4.2%
4.6% 4.8% 5.0% NA
3.9% 3.9% 4.1% 4.3%
4.0% 4.2% 4.3% NA
4.0% 4.2% 4.3% NA
3.8% 3.8% 4.0% 4.2%
3.9% 3.9% 4.1% 4.3%
5.3% 5.4% 5.6% NA
3.9% 3.9% 4.1% 4.3%
4.8% 4.9% 5.1% NA
4.9% 5.1% NA NA
5 Year Fixed Rate
(Index: 5 Year Treasury, 0.69% )
Loan to Value
50% 60% 70% 80%
2.8% 2.8% 3.0% 3.2%
2.6% 2.7% 2.8% 3.0%
3.4% 3.5% 3.7% NA
2.9% 2.9% 3.0% 3.2%
2.9% 3.0% 3.1% 3.3%
3.5% 3.6% 3.8% NA
3.5% 3.6% 3.8% NA
3.5% 3.6% 3.7% 3.9%
2.8% 2.8% 3.0% 3.2%
3.6% 3.8% 4.0% NA
2.9% 3.0% 3.1% 3.3%
3.0% 3.2% 3.3% NA
3.0% 3.2% 3.3% NA
2.8% 2.8% 3.0% 3.2%
2.9% 3.0% 3.1% 3.3%
4.3% 4.4% 4.6% NA
2.9% 3.0% 3.1% 3.3%
3.8% 3.9% 4.1% NA
3.9% 4.1% NA NA
3 Month Adjustable Rate
(Index: 3 MO Libor, 0.43% )
Loan to Value
50% 60% 70% 80%
5.3% 5.4% 5.5% 5.7%
5.2% 5.2% 5.4% 5.6%
5.9% 6.1% 6.2% NA
5.4% 5.4% 5.6% 5.7%
5.4% 5.5% 5.6% 5.8%
6.0% 6.2% 6.3% NA
6.0% 6.2% 6.3% NA
6.0% 6.1% 6.2% 6.4%
5.3% 5.4% 5.5% 5.7%
6.2% 6.3% 6.5% NA
5.4% 5.5% 5.6% 5.8%
5.6% 5.7% 5.9% NA
5.6% 5.7% 5.9% NA
5.3% 5.4% 5.5% 5.7%
5.4% 5.5% 5.6% 5.8%
6.8% 7.0% 7.1% NA
5.4% 5.5% 5.6% 5.8%
6.3% 6.5% 6.6% NA
6.5% 6.6% NA NA
The rates above are intended for prequalification/scoping purposes only and are not a commitment.

Every business is different and you need a loan customized to fit the unique aspects of your individual company. At VCI, we offer a wide array of loan options with funding and pricing methods tailored to fit your specific circumstances and expectations.

How to Apply for an  Loan

While the standards for investor or bank qualifying loans are more flexible than those for other types of loans, lenders still require extensive documentation to evaluate your loan request. You should strive to make the best possible presentation in your initial loan submission, since you may not get a second opportunity.

Applying for an commercial or Business Loan

There are many different formats you can use for a loan proposal. You may want to contact the lender you are approaching to determine which format is best for you. When writing your proposal, don’t assume the lender is familiar with your industry or your individual business. Always include industry-specific details so the lender can understand how your particular business is run and what industry trends affect it.

Loan Documents

While you need to check the specific requirements of your lender, a loan application usually includes these elements:

Executive Summary

Begin your proposal with a simple and direct cover letter or executive summary. Clearly and briefly explain who you are, your business background, the nature of your business, the amount and purpose of your loan request, your requested terms of repayment, how the funds will benefit your business, and how you will repay the loan.

Business Profile

Provide a written description of the history of your business, including:
  • Type of business
  • Location
  • Product or service
  • Brief history (including length of time in business and ownership)
  • Annual sales
  • Number of employees
  • Proposed future operation
  • Competition
  • Customers
  • Suppliers
  • Date of information

Management Experience

Include resumes of each owner and key member of management.

Loan Request:  Form 4

This description of how the loan funds will be used should include purpose, amount and type of loan.

Loan Repayment

Provide a brief statement indicating how the loan will be repaid, including repayment sources and time requirements. Cash-flow schedules, budgets, and other appropriate information should support this statement.

Collateral:  Form 4-a

List real property and other assets to be held as collateral. Few financial institutions will provide non-collateral-based loans. All loans should have at least two identifiable sources of repayment. The first source is ordinarily cash flow generated from profitable operations of the business. The second source is usually collateral pledged to secure the loan.

Personal Financial Statement:  Form 413

Our lender requires financial statements for all owners, partners, officers and stockholders owning 20 percent or more of the business. These statements (listing all personal assets, liabilities and monthly payments) should not be more than 90 days old. Federal income tax returns for the past three years must also be submitted.

Business Financial Statements

Provide complete financial statements for the last three years (including balance sheets, income statements, and a reconciliation of net worth) plus a current (no more than 90 days old) interim financial statement. Also include a schedule of term debt and aging of accounts payable and accounts receivable (broken into 30-, 60-, 90-, and past-90-day-old categories). If you are just starting out, provide a projected balance sheet and income statement. The strength and accuracy of your financial statements will be the primary basis for the lending decision, so be sure that yours are carefully prepared and up-to-date.

Proposed Business

Provide a pro-forma balance sheet reflecting sources and uses of both equity and borrowed funds.

Projections

Provide a projection of future operations for at least one year or until positive cash flow can be shown. Include earnings, expenses, and reasoning for these estimates. The projections should be in profit and loss format. Explain the assumptions you use if they are different from trend or industry standards and support your projected figures with clear, documentable explanations.

Other Items (as they apply)

  • Lease (copies of proposal)
  • Franchise agreement
  • Purchase agreement
  • Articles of incorporation
  • Plans / specifications
  • Copies of licenses
  • Letters of reference
  • Letters of intent
  • Contracts
  • Partnership agreement
Most of our clients choose to work with us because we can often provide better terms than their local banks provide; such as longer fixed periods, longer amortization schedules, lower rates and or they need more aggressive underwriting standards than they have been able to find locally.  In addition, many of our clients come to us because they are frustrated with the current banking industry and are concerned that their local banks won’t really be able to offer the quoted terms or worse, won’t be able to close their commercial mortgage at all.
Borrowers are rightfully baffled by banks that are clearly sitting on the “sidelines” waiting for the economy to turn around before they start to actively fund again, or are offering ridiculously conservative loans.  You need to get away from this and deal with sources that are still really lending.  They are out there.  You have to identify and submit your request to them.   We are actively funding loans and are experts at commercial mortgage financing
Understanding 504 Loans
When a business is looking for a long-term, fixed rate loan for major asset purchases, a good financing vehicle for that is the SBA 504 loan program. Proceeds from these loans must be used to purchase fixed assets such as land and improvements to buildings, streets, utilities, parking lots and landscaping. The loan can also be used to construct a new building and purchase machinery and equipment. If new equipment is bought, it has to have a useful life and for at least ten years.
The 504  Loan operates as a partnership between a third party lender, a certified development company and the borrower. These types of loans offer many benefits to business owners, including low down payments, below market fixed interest rates and long-term financing.
There are several criteria for qualifying for a loan, including the fact that the business must be a for-profit company with a net worth of less than $8.5mm. The SBA also sets cap on annual earnings of the business at $3mm.The business applicant has to be the primary user of a facility, with a minimum percentage of 51 percent for an existing building, and 60 percent for a new building. A new job has to be created for every $35,000 provided by a Certified Development Company. Passive investment companies, non-profit companies, lending institutions and real estate development companies are not eligible for the 504 SBA Loan.
There are three parts to an  504 Loan. The first part is a mortgage provided by a commercial lender, which can take up to 50 percent of the cost. This carries its own interest rate, terms and conditions. The second part is a loan through a certified development company, which can take up to forty percent with a maximum debenture amount of $1,500,000 for most businesses, $2,000,000 when meeting defined public policy goals, and $4,000,000 for eligible small manufacturers. This term can be as long as twenty years, with ten years for equipment. The interest rate for this is fixed and usually below market. The third part of the payment comes from the borrower, at around ten percent of the total cost. If the business is new, or a new facility is being built with the loan, the borrower may have to contribute as much as twenty percent. The down payment can be cash, equity in land, a building or existing equipment.
As the  504 program can only be utilized to finance fixed assets, it is not the most ideal program if a prospective buyer wants to finance the purchase of an existing business. Goodwill, working capital, and other intangible assets are typically not eligible under the 504 program. This is also a program for “new money” and it cannot be used for refinance. If someone needs to refinance or needs to do a highly leveraged loan that is short on collateral, the  7a program may be a viable alternative
A FOCUS ON GROUND UP CONSTRUCTION LOANS
Recently Completed
Project Description: Ground up construction of 6,500 SF restaurant
Location: Vacaville, CA
Project Costs: $2,516,000
LTC: 80% Combined with SBA
Completed: Fall 2011
Project Description: Purchase and improvement of 5,566 SF retail building
Location: Denver, CO
Project Costs: $1,446,000
LTC: 88% Combined with SBA
Completed: January 2012
Project Description: Ground up construction of 40,000 SF school building
Location: Asheville, NC
Project Costs: $9,878,000
LTC: 85% Combined with SBA
Completed: December 2011
Recently Closed
Project Description: Purchase and renovations of 7,846 SF flex industrial building
Location: Glendale, AZ
Project Costs: $686,000
LTC: 90% Combined with SBA
Funded: December 2011
Project Description: Purchase and build out of 10,158 SF office condo building
Location: Scottsdale, AZ
Project Costs: $920,000
LTC: 90% Combined with SBA
Funded: February 2012
Recently Approved
Project Description: Refinance of existing 4,250 SF day care and expansion of 5,074 SF
Location: Laredo, TX
Project Costs: $1,762,865
LTC: 86% Combined with SBA
Approved: January 2012
Project Description: Purchase and improvements of a 23,720 SF mixed-use building
Location: Houston, TX
Project Costs: $3,460,000
LTC: 90% Combined with SBA
Approved: February 2012
WHEN YOU NEED A GROUND UP CONSTRUCTION DEAL, THERE IS ONLY ONE NUMBER YOU NEED TO CALL-860-350-4440 CALL Thomas Duffy TODAY!
Our Apartment Loan investor focuses on speed of delivery and flexible, tailored financing of multifamily loans from 500,000 to 10,000,000.
Our Apartment Loan Investor offers our lowest rates ever for the best Tier 1 deals. These deals must be located in our
preferred markets
and is reserved for the high quality, stabilized and seasoned properties. In addition, we are looking for exceptional sponsors with market experience, liquidity, net worth, excellent personal credit. We now offer up to 75% on purchase transactions, 70% LTV on rate and term refinaces and 65% LTV on cash out refinances for this program. The following is an example of the new terms:
3-Year Fixed 3.98% @ 2 3,2,1% prepay
3-Year Fixed 4.16% @ 1.50% with 4,3,1% prepay
5-Year Fixed 4.14% @ 2 with 5,4,3,2,1% prepay
5-Year Fixed 4.27% @ 1.50% with 5,4,3,2,1% prepay
Apartment loan investor continues to offer exceptional rates on our Tier 2 transactions. We have just reduced rates on this product as well. These deals must be located in our preferred markets and is reserved for the above average quality. Properties under this program typically require stable current and historic occupancy and cash flow. In addition, we are looking for solid sponsors with market experience, liquidity, net worth, good personal credit. We now offer up to 75% on purchase transactions, 70% LTV on rate and term refinaces and 65% LTV on cash out refinances for this program. The following is an example of the new terms: < /p>
3-Year Fixed 4.52% @ 2 with 3,2,1% prepay
3-Year Fixed 4.88% @ 2% with 4,3,1% prepay
5-Year Fixed 4.53% @ 2 with 5,4,3,2,1% prepay
5-Year Fixed 4.79% @ 2% with 5,4,3,2,1% prepay
Preferred markets for Teir 1 & 2 pricing:
Coastal Southern CA, San Jose, Salt Lake City, Chicago, San Francisco Bay Area, Boston, Washington DC, Seattle, Minneapolis/St. Paul, Denver, Portland, NY
Metro, New Jerersy, Philadelphia, Dallas, San Antonio, Austin
COMMERCIAL LOANS ARE AT THE LOWEST RATES OF ALL TIME!
“®”What’s In a Good Package?
-Executive Summary-overview of the project, location, strengths of the deal
-Detailed Resume’s of partners AND GC if not a partner
-Actual Projects completed-NEED EXPERIENCE
-Pro-Forma-projections on project and net income expected
-Detailed cost breakdown
-Information on the property-demographics, absorption studies, marketing and
management plans, etc. The more detailed information here, the better.
-FINANCIALS ON ALL PARTNERS, GC, AND BUSINESS PARTNERSHIP FOR 3
YEARS
-Personal Financial Statements on all borrowers and GC
-Info on pre-sales and if so, proof of them. 50% pre-sales is preferred.
NOT TO TOOT OUR OWN HORN BUT WE GET YOUR LOAN APPROVED!
The key is money, experience, and pre-sales. NEED 2 of the 3 to have a shot. 3 of the 3 to be assured.
Most of these deals fall down in the financials and the pre-sales. And upon digging, often lack of experience shows up as well.
Minimum you need to even get a quote is the Executive Summary and the Pro-forma. The rest is needed to submit.
a coversheet explaining the loan request and the story behind the Business
-3 years Business Tax Returns including all schedules (just federal, not state), please include 2010, if you don’t have it, I will need a copy of the extension, your 2007 tax returns & internally or CPA prepared financial statements for your business as of 12/31/10. If memory serves me correctly, you stated that you have ’08, ’09, and ’10 in your possession.
-Year to Date financials for your business
-Detailed Accounts Receivable & Account Payable Agings (if available, we typically at least like to look at your accounts receivable aging) (I also realize that a restaurant may not have accounts receivable)
-3 years Personal Tax Returns including all schedules (just federal, not state)
-Personal Financial Statement
-Business Schedule of Debt if you have debt that is listed personally but associated or paid for by the business, please include on this schedule of debt)
Call 860-350-4440 oe 203-775-9999
I know we spoke about the fact that the personal assets are in the wife’s name, but the PFS should be completed as joint.Our worldwide commercial loan department offers a variety of commercial options for purchase, refinance, construction, short and long-term financing. Venture Capital International specializes in student housing building loans, apartment loans, ethanol plants, shopping center loans, office building loans, mixed use loans, industrial and medical office loans, warehouse loans, mini storage loans, strip center loans, hotel loans, golf course loans, subdivision loans, and lot loans. We arrange joint ventures, equity participations, bridge loans, construction loans, acquisition loans, and permanent financing for both owner-occupied and non-owner occupied properties.
If you are looking for a commercial conduit loan, mezzanine loan, hard money, or construction financing, whether you are in the United States, or in any other country, with good or bad credit, we can help you find a loan program that meets your unique and individual needs. Even if you’ve been turned down elsewhere, rest assured we will have the options you need and a record of service you can trust. If you are in search of the best commercial mortgage company, contact us with your scenario. For more information, and our recent closings, please visit our recent closings page.
HIGHLIGHTS:
Sources: CMBS, hedge funds, private funds, credit unions, regional & national banks, life & pension companies
Loan amounts starting from $500,000 to $500,000,000
Private or hard money funds available for a quick close
Debt coverage ratios (DSCR) from 1.20 and up
All property types considered, including raw land
Construction, Bridge, or Permanent Financing
Adjustable Loans, Fixed Loans, or Interest Only Loans
Loan to cost increased with mezzanine financing
Loan to value increased with mezzanine financing
MEZZANINE FINANCING:
We are a leader in providing all types of mezzanine financing programs. Particularly in today’s tight senior debt market, mezzanine is an increasingly important capital option for growing companies for many reasons. Most importantly senior lenders are becoming more and more conservative due to regulatory pressure, economic slowdown and growing portfolio difficulties. If you are looking for a commercial mezzanine conduit or construction mezzanine financing, we can help you find a program that meets your unique and individual needs.
CONDUIT FINANCING (CMBS):
Wall Street firms often act as a “conduit” by which pooled loans can be sold to investors as commercial mortgage backed securities or “CMBS”. Conduit loans are a permanent, fixed-rate commercial real estate loan structured on a non-recourse basis according to specific conduit loan underwriting and conduit loan documentation standards. We offer conduit financing with debt coverage ratios from 1:05 and up. Conduit financing is available on all types of commercial real estate property loans, such as apartment loans, industrial building loans, hotel loans, condominium loans, self-storage loans, restaurant loans, commercial center loans, strip center loans, subdivision loans, office building loans, mixed-use center loans, senior housing loans, golf course loans, A & D development loans, and lot loans. VCI Medical Professional Loan
Advancing small business every day
Thomas Duffy
Managing Director,
Business Development
tel: 203-775-9999
Tom@venturecapital-advisors..com
Venturecapital-advisors.com/commercial loans
Commercial Loan Checklist
Property General
Existing Debt and Debt History for Subject Property
3 Years Operating Statements, Balance Sheet, P&L
Rent Roll-Multifamily for last three years
Lease Summary-Commercial for last three years
Credit References & Account Schedule
Borrowing Entity Name
Legal Documents for Borrowing Entity
Purchase Contract
Any Old Appraisals
Pictures of Property
Business Entity Financials
Business Entity Financial Statement
3 Years Operating Statements, Balance Sheet, P&L
3 Years Tax Returns
Schedule of Real Estate Owned
Existing Mortgage Information
Personal Financials all Guarantors
Personal Financial Statements all Signors
2-3 Years Tax Returns
Schedule of Real Estate Owned
Credit References and Account Schedule
Credit Reports
Construction Loan Checklist
Property General
Copy of Land Acquisition Settlement Statement
Copy of Soils Report
Environmental Questionnaire & Disclosure Statement
Copy of Building Plans
Copy of the Construction Cost Breakdown
Copy of Construction Contract
Copy of Contractor’s Resume & Qualification
Borrowing Entity Financials
Entity Financial Statements
Entity Documents (LLC, Corp, etc.)
2-3 Years Tax Returns
Industries
Medical doctors, pharmacies, dentists, veterinarians.
Loan Purpose
Commercial real estate purchase, refinance, and construction, including
working capital and other business assets.
Loan Amount
SBA 7(a) $250,000 to $5,000,000.
SBA 504 up to $15,000,000.
Time to Close
Closing within 45-60 days of signed commitment letter.
Loan to Value
Up to 130%
Interest Rate
Competitive rates.
Term
Up to 25 years based on the loan purpose. No balloons or calls—fully
amortizing over the life of the loan.
Prepayment Penalty
Prepayment penalties apply.
Fees
Lender generally requires a 1% loan origination fee on 504 loans.
Collateral
First lien on assets being financed.
Recourse
Personal guarantees for all individuals owning 20% or more. Corporate
guarantees of a liated companies may be required.
Debt Service Requirements
Projected debt service coverage ratio of 1.25 times.

Apartments, Assisted Living, Student Dormitory Housing, Office, Office Condo,
Single Tenant, Retail, Day Care, Industrial, manufacturing, Medical Office,
Eligible Properties Types: Medical Condo, Anchored Strip Malls, Office/Warehouse, Automotive Service,
Grocery Stores, Funeral Homes, Tire and Brake Centers, Oil/Lube Centers,
Churches .
Acquisition or refinance; rehabilitation; ground up new construction.
3 yr trailing profits at whatever new DSCR would be on a 8.5% constant
Transaction Size:
Non-Recourse:
Loan Fee(s):
Third Party Reports:
Construction:
Interest Rates:
75% purchases. 70% refinances depending upon age and condition of
improvements in a range of asset types. 60-65% retail, 70-75% nursing
homes/assisted living facilities, 65%-70% office, warehouse, $100K-$400K loan amounts and multi tenant industrial building use properties. All MAI appraisals are to rely on the income approach to value and employ either direct cap or yield capitalization (Discounted Cash Flow Methodology) all based upon
reasonable financial assumptions that are market supported. In addition all appraisal reports must contain an insurable value with a Marshall & Swift Cost Estimate computer generated segregated cost analysis. No vacant land analysis and reporting is required.
Certain geographical areas of the US VCI originates small balance real estate
secured business loans of $100,000-$400,000. Closing of small balance loans
within 15-21 days. $500K to $5 million mortgage loan financing closing results in 45-60 days.
If loan amount is over $5 million we arrange non-recourse participations up to the required loan amount. of $35MM+ are available up to limit of $75MM, Non-
recourse loans with equity participation typically required.
No personal guarantees for routine loan transactions. If the project has credit
or other transaction underwriting issues, the loan may require personal
guarantees from credit-worthy members for a limited time period and then
exculpated after property income achievement is verified for a 12 month trailing
basis.
Application Fee $2,500 and above based on size of loan. 3% origination with 1% of this going to originator.
Commitment fee of 1% at time of commitment letter held in escrow
and refunded at closing. Legal fees can range from $2,500-$25,000
MAI Appraisal with Appraisal Review performed internally. CLC orders appraisal. Estimate $3,000 to $6,000 plus $1,500 appraisal review fee. Other third party cost as applicable.
NOT TO TOOT OUR OWN HORN BUT YOU CANNOT DO IT YOURSELF!

You can rest assured knowing that VCI provides:

·        Local Credit and Closing

·        Competitive Rates

·        Personalized Products

With Funding Available To Fit Your Needs for thing such as:

·        Real Estate

·         Construction

·          Machinery & Equipment

·          Inventory

·          Business Acquisition

·          Franchises

·          Partner Buy-Outs

·          Refinance

·          Working Capital

We offer commercial lending with

The SBA 504 Program

·          Loans up to $5.5 million

·          35-40% SBA loan rates

·          50% Conventional rates

·          Borrower’s equity 10-20%

·          Up to 25 year terms

·          Fixed and Variable rates

SBA 7(a) Program

·          Loans up to $5.5 million

·          Up to 90% Loan-To-Value

·          Up to 25 year terms

·          Pricing ties to Prime rate

·          No Balloons

USDA Program

·          Loans up to $5 million

·          Up to 80% Loan-To-Value

·          Up to 25 year terms

·          Fixed and Variable rates

·          No Balloons

·          Available for qualified areas

Call us today at 203-775-9999 to speak to your Small Business Loan Specialist!

We are your trusted resource for getting a commercial loans whether its a refinance of a building or if you want to buy a building we have 30 years experience and great people wth the know how to get you the best deal  possible for your situation call 803-802-7286

Venture Capital International
1047 Danbury rd Wilton or our new office in South Carolina
o 803-802-7286  ct o -203-775-9999
tom@venturecapital-advisors.com

5 Responses to “COMMERCIAL LOANS”

  1. Leonard Onwe says:

    My organisation needs USD100.0 Million for the developmentof Students Dormatory for about 5,00 students in Nigeria.Pls can you help us. Contact us at above email.

  2. Thomas says:

    i would but i need a 5 k retainer and a 6 month contract of 5k a month to get started

  3. Hi i am kavin, its my first time to commenting anyplace, when i read this post i thought i could also create comment due to this good article.

  4. Thomas says:

    ok what is your budget for marketing your PPM

  5. Paul Davidson says:

    Great article. Thanks for the info, you made it easy to understand. BTW, if anyone needs to fill out a Personal financial Statement form, I found a blank form 413 here http://goo.gl/75ehYb. This site PDFfiller also has some tutorials on how to fill it out and a few related forms that you might find useful.

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