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Commercial Mortgages and
Loans
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Commercial Mortgages * * * · Factoring
to Grow Your Business * * * * * * * * * |
We're brokers for private commercial
mortgage lenders |---------------------------------------|$$$$|---------------------------------------| Private lenders don't have regulators and
loan committees. They can specialize in what they know and
understand. One lender told me, "we don’t understand hotels
", so they don’t lend on hotels. But other lenders specialize
in hotels, and they do lend on hotels, some for construction, some not.
Most commercial lenders work in niches. Maybe this niche. |------|$$|----------------------------------------------------------------------------| Or one of these. |------------------------------------------------------|$|--------------|$$$|---------| Our job is to know literally dozens of
lenders, each with its own niche. And we actually know them, even if we
haven't completed a loan with them, because we've had extensive phone and
email conversations with them. We'll match you with the right one. |$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$| KG Funding
offers a wide variety of financing programs. Call about: $
Hard money mortgages: small, large, fast service, limited
paperwork, usually 1-3 years, high interest rates. What you need when
time is short. $
Stated income and assets, with cash out refi available, starting at
$100,000 $
High LTV 25-50% owner-occupied for Commercial Construction,
Acquisition, or Rehab. Value for construction or rehab is based on an
as-completed appraisal. Depending on the project and borrower, the loan
can approach 100% of costs (not soft costs). This program has many
possibilities. $
Mixed use, apartments, office buildings, clinics, special purpose,
shopping centers, churches, etc. $
Flagged hotel construction $
Resort community development $
Construction, Developer and $ What do you need?? Banks will lend you money when you can prove you don't need
it. Our funders will lend you money when you have a good use for
it. Tell us what you need. Borrower requirements Borrowers need enough experience
to carry out the project, or they should be able to show that they will be
able to hire that experience.
Borrowers should be prepared to pay for all the soft costs out of
pocket. These costs probably will include an MAI appraisal, an
environmental report, and lender due diligence fees. The lender may
also want to make a site visit at the borrower's expense. In most cases, the lender will expect the
borrower to have “skin in the game”. A
note about SBA loans If you walk into a bank, you'll probably
get a loan officer who doesn't have a lot of SBA loan experience. This
loan officer won't know the process and may not follow the bank's own rules
for SBA loans. After great delays, you'll be told that the SBA rejected
your loan. Almost every internal bank policy insists that each loan
application be taken in and reviewed (whether or not it can be approved by
that bank) wasting many weeks of your precious time. The most aggressive SBA lenders
aren’t banks, and there are experts specializing in getting SBA loans
through a non-bank lender’s processes. They can help you create
the right package and greatly increase your likelihood of approval.
They'll know your chances of approval from the beginning and which lender
best fits with your project. We know the best in the
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