Short Term Loans From our Select Group of
Private Investors
Baron Financial Group actively helps
borrowers with one of the most flexible, creative and competitive
loan programs in the United States. We arrange loans for acquisition,
repositioning and lease-up of existing properties.
With experienced real estate professionals
and analysts we posses the ability to analyze complex transactions
and gain an in depth understanding of the risks posed by the
transaction. We are then able to develop workable solutions
and create loan structures that adequately address these risks
while meeting the needs of our borrowers.
Construction/bridge financing for
the ground-up development of new commercial properties, or
the renovation and repositioning of existing properties, for
both pre-leased and speculative development. Loan structures,
pricing, advance to cost ratios and recourse requirements
are flexible and will be tailored to meet the needs and risk
profiles of individual transactions.
| Property Types: |
Apartments, Condominiums,
Office, Retail, Industrial, Mixed-Use, and Hotels. |
| Loan Sizing : |
$500,000 to $3.0 Million. |
| Loan to Value: |
65% on most property types;
60% on special purpose and hotels. |
| Loan Term: |
Typically 12 to 24 month
interest only term, with extension options when appropriate. |
| Amortization:
|
NONE: Loans typically structured
with holdbacks for funding of all renovation and/or construction
costs, tenant improvements, leasing commissions, and interest
carry until stabilization, with monthly draws as costs
are incurred. |
| Interest Rate: |
Interest only at prime plus
600 to 800 basis points, depending on project type and
quality of property. |
| Debt Service: |
Not Applicable. |
| Prepayment: |
Not Applicable. The term
is the lock-out Period. |
|
