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Sources of Financing
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Sources of Financing MortgageCap Financial> (212-631-4272) offers land acquisition, development and construction loans for all types of residential and commercial developments nationwide. Both special and multi-purpose properties are reviewed. The company is especially seeking very large projects such as PUD’s, condominium construction and conversion projects, power plants, and hotels and convention centers. BoCorp Financial, LLC> (908-227-8239) offers hard money loans from one to three years for all types of properties, including raw land, nationwide. Loans from $500,000 to $50 million are offered with interest rates of prime plus six and LTV up to 75%. Amortization is interest-only. Meridian Capital Group, LLC> (212-972-3600) offers fixed-rate loans, floating rate loans, construction loans, mezzanine loans and bridge loans, as well as forward commitments and renovation/repositioning. The company offers loans from $500,000 to $500 million. BMC Capital> (214-526-7178) offers NNN retail and industrial recourse and non-recourse financing from $500,000 to $10 million. The maximum LTV is 75% with an amortization of 30 years and fixed-rate terms from three years, five years and 10 years with rates of 6% to 7%.
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