Asset Backed Securities
BANCORP CAPITAL Institutional Fixed Asset Loans; Development/Construction, Hotel-Multifamily-Assisted Living Facility-Government-Industrial-Retail (anchor); Nonrecourse, Fixed Rate, 10 yr T-Bill Index "360 day Weighted Average Index" Rate. Private Securitization Bond, REIT Trusts, Asian Sovereign Wealth Funds
Institutional Fixed Asset Loans International Development. Construction, Bridge Loans
US, Canada, Latin America Bermuda Conventional Loans & Conduit Securitization
Fixed Asset Mortgage Securitization Construction/Development Mini-Perm
Asset Investment Strategies Portfolio Asset Strategies
Bridge Loans Mezzanine Loans
Standby Commitment Document Letter of Credit Issuance
Working Capital Lines of Credit Hotel PIP Subordinate Finance Option
Origination Atlanta Office; Underwriting Offices Buckhead Legal Division Beverly Hills CA DC Conference Board
Underwriting & Analysis
Buckhead GA & Beverly Hills CA
Legal Office Center
Beverly Hills LA California
Construction/Development Loans, Conventional - Conduit Private Security Loan, REIT Mutual Fund & Investor Portfolio Pool & Sovereign Investor Intermediary Designated Fund
25-30 year Amortization Loans leveraged to 80% LTV. Fixed Rate, Hotels, Redevelopment-Conversion-Debt Restructure & Seasoned Acquisition, Assisted Living Facility, Multifamily Apartments, Medical Building, Anchor Retail, Construction Franchise Hotel, Acquisition, Converson or Debt Restructure , Gas Stations & C Stores Commercial Inventory Factoring Credit, Manufactoring Industrial IRB Bond Loans.
Development Mini-Perm Loans, Conventional, Conduit Securitization Loans, PIP Mezzanine Option, Bridge Loans Finance Option Loans and Standby Commitment Loans
Conventional, Conduit Securitization Nonrecourse and Development-Construction Mini-Perm Loans Nonrecourse; Loan Leverage 75-90% will be evaluated on risk analysis, Star & Smiths Travel and Cushman Wakefield demographic statistics. Loans $8-48 million must be a Financial Credit Market Index with Margin Quote. Loans DSCR of 1.10 to 1.21% and 1.40% Conduit Securitized Loans. Fixed Asset Collateral loans, 25/30 year amortization, Hotel PIP Renovation Mezzanine and Subordinate Loans. FNMA Government Guaranteed Program
Franchise Hotels, Apartments, Assist Living, Retail (anchor), Government & University Single Tenant, Air-Rights & Leasehold (property loans), Credit Lines, Working Capital Credit, Mechanic Lien Filing (credit satisfaction), FF&E, IT Franchise Transfer Conversion, Royalty and Hotel Franchise intrinsic valuation.
Highest loan leverage which includes Bridge, Mezzanine, Apartment & Hotel loans.
Eligible Commercial Property Category
Franchise Primary Hotel
New Construction Development Mini-Perm
Acquisition, Seasoned, PIP Renovation
Boutique Franchise Hotels
Hotel/Condo/Casino Resort Property
Hotel Renovation & PIP Flag Contingency
Multifamily (vertical & garden type)
Gas & Convenience Stores
Assisted Living Facility
Government Single Occupant Building with 40 year lease
Conversion Hotel to a Select Franchise Hotel
Conventional, Conduit Loans, Bridge Loan Option, Stand-by Commitment, Mezzanine Option, Working Capital Line, Franchise Hotel Portfolio; Seasoned Hotels, Hotel Flag Conversion, Acquisition & New Construction Development
Current Fixed Rate: 10 year Treasury Index and 2.50 Margin US Development, Conversion and Seasoned Commercial Loan Rate $5 million floor $50 million cap
Construction/Development Conventional Loan: 80% LTV $8-$25 million 25 yr amortizatio, 10 yr fixed rate, 18 months monthly Interest only, nonrecourse, 15% soft FF&E cost, after soft and grand opening loan coverts to a full amortization P&I monthly payment.
Conduit Securitized Loan: 75-80% LTV $10-$100 million Construction Permanent, 25-30 yrs with yield maintenence prepayment, Hotels, Apartments, Retail Malls, Hospitals, Office, Campus Office Parks, Large Casino Resort Hotels, General Motors, Airlines, Super Yachts.
Bridge Loan Option: A Temporary financial link between construction/permanent and the preparation for the pending loan structure or an immediate closing settlement to acquire building project while awaiting the increase in occupancy rate. Government Zoning contigencies and the process leading up to the acquisition of a Building Permit. Machanics Lien cancelation and removal to a clean title.
Mezzanine Option: Coverage for PIP Renovation, Construction Cost Overages, Satisfaction of Construction Mechanics Liens for Clear Title, Buyout of Partner, Substitute for Bridge Finance Option Longer Term Loan. Mezzanine Loan runs parallel with Senior Debt Lienholder at a Market Rate Index of LIBOR or Treasury with a Market Rate Competitive Margin.
Working Capital Lines: Temporary Capital Lines of Credit with collateral calculated by a Market Valuation Appraisal. The rate is calculated by a Market Index Rate and Margin.
Revolving Lines of Credit: Typically offshore Hotel-Condominium-Resort loans which are desginated to the construction/development funding with the permanent loans on the fixed asset hotel and partial release waiver on the condo units as the units are sold.
Letter of Credit Board Authorized: If Borrower requires a Letter-of-Credit to satisfy a Goverement Economic & Development Board Grant Lender will evaluate the request and if approved will issue a legal document version of an Institutional Lender Letter-of-Credit endorsed to the designated Grant Capital Distributor. These temporary credit letters will have a maximum date of expiration of 24 months. The rate index will be LIBOR with Margin.
Conventional and CMBS Bond Securitization, Institutional FF&E, Capital Renovation, Construction Developmenet, Franchise Conversion & Transfer, PIP Flag Transfer Contingency, Resort Casino Equipment; Gas & Convenience Stores, Hotels (franchise), Commercial Office, Multifamily (Apartments), Manufactoring & Industrial, Foreign Investor Loans. All new construction loans must be fully documented with land parcel survey, zoning confirmation, PSA Contract confirmation, Architect AIA, General Contractor, Plans & Blue Prints, cost analysis spread sheet analysis, hotel franchise agreement letter, Geo-Tech, environmental, building location survey, easements & ingress and egress, feasibility study and MAI Appraisal Report. This should be completed within the first six (6) weeks of loan processing with cooperation by the Borrower and Lender.
Project desginated Architect AIA will execute a formal construction inspection on all development/new construction loans while completing the AIA form to reconcile each General Contractor to complete a project construction draw scheduled event and forward all AIA documentation direct to Lender.
Loan Index Rate 10 yr Treasury 360 day Weighted Average Index; or LIBOR Index and Credit Margin; Securitization Rate Index 30 yr Treasury with a 2.00 to 2.50 Margin
Subordinate and Mezzanine Finance; Hotel Franchise PIP Mandatory Contingency, Hotel Conversion Flag Transfer, Mechanics amd Tax Liens, Project Renovation, Capital Improvement; Fixed Asset Bond Securities; Portfolio Securitization Conduit Loans
Water and Mineral Rights, Oil and Ground allocation, Retainage Calculation for the Construction Draw Calculation, Zoning and Planning Construction Permits for the completion of any Franchise Hotel Erection Development and Construction . Project Nonfeasance; Tax Liens, Mechanics Lien, Easement Contingency, Evironmental Violation, Lienholder Default, Franchise Royalty Default, Code Violation, Franchise Flag Termination (60 day notification) Leasehold Ground Lease Expiration or Default Judicial Filing.