Challenge
The guarantor is currently involved in litigation
Solution
$4,899,000 Bridge loan
69% LTV
Challenge
The guarantor has limited operating capital
Solution
$7,500,000 Bridge loan
65% LTV
Challenge
Uncertainty in property valuations
Solution
$2,800,000 Bridge loan
68% LTV
Creative repayment method utilizing payment reserve
Challenge
Discrepancy between the borrower's tax return and P&L statement
Solution
$2,809,000 Bridge loan
75% LTV
Challenge
Property located in secondary market
DSCR below 1.00x
Solution
$3,300,000 Bridge loan
75% LTV
Creative repayment method utilizing payment reserve
Challenge
Lack of Financial Statements
APN has not been assigned
Solution
$735,000 Land loan
50% LTV
$600k Cash out
Challenge
Guarantors have weak net worth with very limited cash reserve
Complicated ownership structure
Fair credit scores
Solution
$1,000,000 bridge loan
Closed within 28 days
Challenge
Construction plans and budget were not finalized prior to approval
Appraisal came back lower than expected, limited project profitability
Solution
$3,090,000 Ground-up Construction Loan
$774K Mezzanine loan
75% LTC / 88% LTV
Challenge
Borrower has limited liquidity and cash flow
DSCR below 1.00x
Solution
$1,190,000 Bridge Loan
70% LTV
Challenge
Lack of borrower’s financial statement
DSCR below 1.00x
Solution
$521,000 Bridge Loan
Creative repayment method utilizing payment reserve
Challenge
Rural-suburban area
DSCR below 1.00x
Solution
$2,365,000 Land Loan
Creative repayment method utilizing payment reserve
Challenge
No tax returns or financial statements
Fair credit score
Solution
$2,738,000 Bridge Loan
71% LTV
Challenge
Limited cash reserve on hand
Solution
$1,734,000 Bridge Loan
70% LTV
Challenge
Guarantor’s claimed net worth is considered low
Solution
$1,700,000 Bridge Loan
54% LTV
Challenge
Out of State investor
Subject property has some interior deferred maintenance
Solution
$2,236,026 Purchase Loan
Creative repayment method utilizing payment reserve