Products
| Loan Programs |
 |
|
Times have changed and the lending environment feels like a maze. The days of calling a banker and telling how much you need and having it waiting ‘at the table’ are gone.
So what now, how do companies and investors obtain the vital capital they need to grow, expand and succeed?
A complete shift in the thinking is needed by borrowers. Perhaps even more important is borrowers need a resource for loans that has a myriad of funding outlets. Dividend America acts as a mortgage broker which gives us the advantage of access a wide array of capital.
This gives us a huge advantage over our competitors. Contact us today to find out how we can help you achieve your financing goals.
Loan Products
Real Estate Purchase Loan A commercial real estate purchase loan comes in many forms. This is a list of the basic parameters for this type of loan:
Rate & Term Refinance Rate and term refinance loans are easy to obtain in most situations. Many companies use these loans to refinance their SBA loans and get more favorable terms.
Development Loans Development loans are available to investors and companies that have money to invest in the transaction. Equity in land is equivalent to a cash investment. Other types of ‘owner investment’ include fund partnerships.
Cash Out | Business Expansion & Redevelopment These types of loans are available for companies that want to expand, improve or just want cash for reserves. Companies must have positive cash flow and equity in real estate.
Stated Income Loans Stated income loans are still available. In these situations the property stands alone. The financial stability of the individual or corporate borrower is not a consideration, the property stands alone. However, the borrower may be asked to make a personal guarantee.
Hard Money Loan Hard money loans are short term loans with higher interest rates. The loans are from 6 months to 3 years and have LTVs as high as 65%.
These are just a few of the loans available. For a specific analysis of your situation give us a call today. |
Closed Loans
| $1,950,000 Apartment Bridge Loan-closed in under 3 weeks! |
Where? Memphis, TN
Type: This was a bridge loan on the purchase of an apartment complex that did not have the necessary occupancy to get a normal loan and the client wanted to close quick. From the time the client signed our term sheet to the closing was a whopping 18 days! |
| $570,000 Purchase of Existing Commercial Property |
Where? North Richland Hills, TX Type: This was for the purchase of a restaurant and we used an SBA 504 loan which gave the borrower excellent rates. From the time the client signed our term sheet to closing was 45 days which is VERY quick for an SBA loan with Real |
| $2,640,000 Purchase of 4 Burger Kings-Business Only No Real Estate! |
Where? Louisville, KY
Type: This was done on an SBA 7A program. These were all leased properties. The size of the deal and the fact that no real estate was involved made it tough for most lenders but we got it closed! When you are thinking about acquiring a business, starting |
| $309,000 Start-Up Working Capital Loan! |
Where? Kinnelon, NJ Type: This was working capital for a business start up doing energy audits for the state of NJ. If you are a small business and you need cash, we have many ways to get you the cash you need from factoring to working capital loans and everything in between. |