Wednesday, December 30, 2009

Private Money Bridge Financing

We successfully serve California's bridge lending market by providing short-term loans secured by commercial and residential real estate. Our financing is fast, flexible and structured around each individual client. We come from a background of real estate development, investing, and real estate law. Our knowledge of the real estate market enables us to create a niche that is win-win for everyone.

Current economic conditions for both residential and commercial financing bring to light the need for non-traditional lenders. At FK Capital Fund, we understand that this fact has caused great difficulty for borrowers to obtain financing and we're currently bridging the gap that has been created by the state of our economy. While it seems that everyone is tightening their guidelines, we're not. When we like a property, you will never see your loan close faster.

Commercial: Industrial, office, multifamily, non-owner residential, and special purpose properties of all kinds.

We’re considering REO pools as well! 9% - 60% loan to purchase price - we like coastal and more prime counties

• Rates under 10% up to 60% LTV – will consider more on a case by case

• Low lender points - 2.5 – 3.5 pts

• Loan Amounts from $200,000 - $10,000,000 – will consider less or more on a case by case

• 12 - 24 Month Terms

• Limited Documentation - No appraisals or Tax returns most of the time

• No Commitment Fees

• In some cases, funding in 7 days – once we like the deal, you’ll never see a loan close faster

• California Real Estate Only

Ask about our 100% purchase rehab program as well via one of our affiliate investors.

Purchase Price: $85,000
Loan Amount: $105,000
Interest Rate:12.5%
Points: 9 Points
Interest Reserve: 5 months
Lender Controlled Rehab funds: $20,000
This is an actual closed transaction!
Funds to close $20,000
Essentially 100% LTV where the borrower only brings in the rehab costs
We must walk every property

Best Regards,

Nick Lekas
FK Capital Fund
215 Avenida Del Mar #C
San Clemente, CA 92672
Ph. (949) 940-0114
Fx. (949) 940-0276