For projects that need to be completed in stages, it can be challenging to secure financing all at once. Many times, there are gaps left while larger funds are still in the pipeline. Unfortunately, this means entrepreneurs have to hold off on taking action or readjust timelines across the board. At Elite lending Partners, our goal is to offer bridge loan solutions to keep projects on track.
Uses of proceeds include:
Quick close transactions
DPO financing
Debt refinancing and restructuring
Partner buyouts
Repositioning of transition assets requiring some renovation and TI/LC funds
Loan amounts between $1M-$20M
Nationwide Lender
Origination fee starting at 1.5 %
Interest only amortization
Time of essence issues
Partnership Buyouts
Distressed or Transitional borrowers (credit or liquidity issues, bankruptcy)
Bridge the seasoning gap for agency or CMBS takeouts
Terms up to 80 LTV
3 Color Photos or Old Appraisal
Personal Financial Statement
2021, 2022 & YTD Profit and Loss
Operating Agreement/By-Laws
Rent Roll (if applicable)
Purchase Sales Agreement (if purchase)
Hud-1 (if purchased in the last 3 years)
Resume / Background
List of Improvements Made / Required
Maximum Term : Up to 3 years.
Loan Amount 1 Mil
Multifamily
Retail
Mixed Used
Office Buildings
Industrial and Warehouse,
Self-storage,
Strip Centers
Toll-free: +1 (855) 357-2363 info@elitelendingpartners.com
Mon | 09:00 am – 05:00 pm | |
Tue | 09:00 am – 05:00 pm | |
Wed | 09:00 am – 05:00 pm | |
Thu | 09:00 am – 05:00 pm | |
Fri | 09:00 am – 05:00 pm | |
Sat | By Appointment | |
Sun | Closed |
Copyright © 2023 Elite Lending Partners LLC - All Rights Reserved.
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