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Union Bank Y YYY Y Y Y Y YYYYYYY YYYY
714-990-7300 a,c,g 400K 5M 75 1.2 CA DC OR WA www.unionbank.com/commercial-bank/credit/real-estate-financing/real-estate-investor-mortgages.jsp
Velocity Commercial Capital Y YYYY Y Y YYYY Y YYYY
(3863) a,c,e,g 100K 2M 65 1.2 NATION WIDE except: IL MI ND SD TN V T Small-balance commercial? Think Velocity. Rebates, 2 rebate, permanent loans (30-yr. loans/ amort.), no borrower-income verification required.
Walker & Dunlop LLC Y Y Y YYYYYYY Y YYY YYYYY YYYY
800-787-9300 3M none 75 1.25 NATION WIDE Quality people; quality processes; quality relationships - this is the Walker & Dunlop difference. Contact us at info@ walkerdunlop.com.
Wilshire Finance Partners YY Y YYYY Y YYYY YY Y
866-575-5070 a,b 100K 1.5M 65 1.15 CA Direct private-money lender making bridge loans in CA on flexible terms. Quick turnaround. Call today at (866) 575-5070 or visit www.WilshireFP.com.
Minimum and maximum
loan size may not apply to
all property types and/or in
all regions and is subject to
change without notice.
a Accepts packages from brokers/
correspondents. Call before sending.
b Only accepts packages through
c Wholesale pricing available to
d Wholesale pricing only available
e Wholesale pricing available to
f Will collect fee for brokers/
g Par pricing available to brokers
1 Acquisition and development
3 Bridge loans
4 Business loans
6 Forward commitments
7 Joint ventures
10 Notes purchased
12 Refinance: Cash-Out
13 Refinance: Rate and Term
15 SBA loans
16 Second mortgages
17 Agricultural (ranches and farms)
18 Automotive (gas stations,
20 Hospitality (motels and hotels)
23 Leisure (golf courses, marinas,
RV parks, etc.)
24 Medical (hospitals, clinics, etc.)
25 Mixed-use properties
26 Mobile/manufactured home parks
27 Multifamily (See Multifamily matrix
28 Office buildings/complexes
29 Office condos
30 Owner-occupied businesses
31 Parking lot sites
32 Rehabilitation facilities
33 Retail (shopping centers/strip malls)
35 Single-tenant buildings
36 Special-/Single-purpose buildings
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
PROPERT Y T YPES
LOAN TYPE / PURPOSE / PARAMETERS
LOAN SUBMISSION CRITERIA
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: firstname.lastname@example.org.
Companies bearing the Proven Direct Lender designation have undergone a reasonable auditing process to confirm the lender’s direct-lending
capabilities. Scotsman Guide Media does not assume any obligation or liability for this designation. The inclusion of the Proven Direct Lender
designation is a paid advertisement and should not be construed as a recommendation or endorsement by Scotsman Guide Media.
These companies are display advertisers with Scotsman Guide Media.
See the Display Advertiser Directory on Page 12 for more information.
Min$ Max$ LTV DSCR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Criteria
Alexa Mizrahi is a loan officer at Loan Oak
Fund LLC. An honors graduate from the University of California, San Diego, she joined
Lone Oak Fund’s loan-origination department in 2009. In the past five years, she
has under written hundreds of residential
and commercial loans and has helped the
$400-million fund double in size. Mizrahi
originates commercial real estate transactions as much as $18 million. Reach her at
email@example.com or (310) 826-2888.
Prospective lenders also should be
clear with you about what types of
loans they cannot accommodate.
5. Rates and fees
When comparing private lenders, ensure that they offer fair pricing by doing a thorough analysis of their fees.
Your lender should have a clearly defined, consistent range of rates and
fees. All of these fees should be disclosed in the initial commitment letter and in the final loan documents.
There should not be junk fees or hidden fees. Watch out for onerous additional costs, including upfront fees,
legal fees and loan document fees.
6. Fast answers
Most likely, you’ll want to work with
a lender that can move quickly.
The most efficient private lenders
7. Flexibility and creativity
will enable the borrower or broker
to work directly with the loan com-
mittee. Seek out a lender that will
provide a commitment letter within
days, not weeks. Expect a quick “no”
if it is something the lender is not
interested in or cannot do. The right
lender will keep you informed and up
to date regarding the status of the loan.
Make sure that the lender can of-
fer creative solutions to get the deal
closed. Private lenders that are
foreign nationals and foreign entities.
Lenders should be open to alternative due-diligence requirements when
working with foreign nationals.
8. Quick closings
You should confirm that the lender can
“Private lenders that are unable to provide enough
close quickly. Streamlined, in-house
• • •
Your ideal private lender will offer
you and your borrower full protec-
tion, provide the services and terms
you need and offer fair pricing. In ad-
dition, with clearly defined lending
parameters, the right lender will pro-
vide fast answers and get your loan
funded and closed quickly. By doing
your homework when evaluating pri-
vate lenders, you’ll avoid surprises,
provide your clients with the loans
that best meet their needs and en-
sure maximum efficiency and return
for your efforts. •
leverage on their own will offer resources for
junior financing or other alternative solutions.”
unable to provide enough leverage
on their own will offer resources for
junior financing or other alternative
solutions. An effective lender will allow for cross-collateralization if the
borrower wants to do one transaction
involving multiple properties.
Asset-based underwriting should
also allow private lenders to lend to
underwriting will enable the lender to
close in just a few days, if needed. So-
phisticated lenders know their markets
and will conduct in-house appraisals to
facilitate a quick close. To further as-
sure prompt closing, particularly effi-
cient lenders will draft loan documents
in-house and work directly with major
title and escrow companies.