President and CEO, UC Funds
Know when to be flexible and lead
Photo illustration by
clients toward nontraditional lenders
At the start of 2018, commercial real estate lenders and investors are
continuing to make adjustments to marketplace changes caused by
tightening bank requirements and regulations. Over the past year,
banks have pulled back from commercial real estate lending, steadily
increasing restrictions and contingencies.
At the same time, many sponsors — including institutional real estate
investors — have changed their views on lending and are following the
trend of turning to nontraditional lenders. For commercial mortgage
brokers, presenting financing options to clients is becoming more
complex. In the current climate, you must know when to lead investors
away from banks and toward nontraditional lenders. >>
79 Scotsman Guide Commercial Edition |
ScotsmanGuide.com | March 2018 Tell lenders you found them in Scotsman Guide
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Matrix: Construction Lenders
50M 80 75LIBOR36YYY YY YYY YYYY Y
Direct Lender NATIONWIDE Nationwide, non-recourse, stabilized and distressed properties, expedited close. Up to 85% LTC available on a case-by-case basis.
Advantage Capital Partners
18 Y Y
Direct Lender CO Colorado only. Must be small-business owner/user. (We do not lend on investment properties.) Please contact Rick Hummell at email@example.com
30M 80 80WSJPrime24YYYY YYY YYYYYY Y
Direct Lender NATIONWIDE except: SD VT AVANA Capital LLC is licensed in California under DBO license No. 603K752 and in Arizona under CBK license No. 0921662
Bismark Mortgage Co.
1M 85 65 12YY Y Y YY Y
Private Lender AZ CA CO ID IL MI NC OH OR TX UT WA Short-term spec financing for experienced homebuilders, building to sell.
150M 80 90 YY Y YY YYY YYYYY Y
Direct Lender NATIONWIDE except: AK MI OH VT BlueBell International specializes in fast closes and large loan amounts. We have no board or committee and no due-diligence fees!
Bolour Associates Inc.
15M 75 65 24YY YY YY Y
Direct Lender AZ CA Financing land acquisitions and ground-up commercial and non-owner-occupied residential properties in CA and AZ. Rates start at 9% and 2.5% origination fee.
Bridge Loan Financial
6M 70 70 18YY Y YYYYYYY Y
Direct Lender CA Non-owner-occupied investment properties. Contact us at firstname.lastname@example.org or call 714-264-4660 direct or 888-257-8051.
Builder Finance Inc.
350K 100 80
12 Y Y Y
Direct Lender NATIONWIDE except: AK CA HI MS ND NV OK RI V T WV W Y Financing builders, developers and investors for ground-up/vertical residential construction, fix-n-flip and spec loans. Competitive pricing and deferred interest payments.
100M 90 75 36YYYY YYYY YY
Private Lender INTERNATIONAL We are not afraid of ground-up. We can obtain funding for many different property types. Contact Amy at 518-435-1119 ext. 108 or email@example.com.
25M 80 70WSJ24YYY YYY YYYYYYYYYYY
Correspondent NATIONWIDE except: DE HI ID MI ND NV SD V T WV WY We offer construction financing from $250K to $25M on commercial real estate projects nationwide.
Finance of America Commercial
10M 90 75 12YY Y Y YYYYY Y
Direct Lender NATIONWIDE except: AK ID ND RI SD UT V T Finance of America Commercial is dedicated to providing our clients with more buying power. Our financial strength and our experience give us the ability to deliver for you.
Gamma Real Estate
250M 85 85LIBOR36YYY Y Y YYYYYYYY Y
Private Lender NATIONWIDE Commercial real estate construction lending since 1970.
maximum loan size
may not apply to all
property types and/
or in all regions and
is subject to change
Construction lenders provide loans for
new construction, rehabilitation, renovation
and permanent financing of income-producing
properties. This matrix assumes the lender
offers both new construction and rehab/
1 Index used: LIBOR, WSJ, T-bills, COPI
2 Construction or rehab only,
max. term in months
3 Lending to Corp., LLC,
LP, legal entities
4 Interest-only offered
5 Floating rates offered
6 Prepayment penalty;
exit fee required
7 Line of credit style
8 Mini-perm available
9 Conversion to permanent offered
10 Permanent loan commitment
required prior to closing
11 Gap funding allowed
12 Subordinate financing allowed
13 Participating financing offered
14 Recourse required
15 Land acquisition and
16 Construction take-out
17 Construction completion
18 Non-owner-occupied residential
19 Owner-occupied residential
20 Agency lending programs:
HUD, SBA, USDA, FNMA
LTV% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Companies bearing the Proven Direct Lender designation have undergone a reasonable verification 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 14 for more
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.