Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

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income property > value added opportunity financing

Value Added Opportunity Financing

Many programs exist to assist clients with value added opportunities. These programs cover all product types and refer to purchases or rehabs of existing properties with an executable business plan to renovate or reposition the property. Once certain work is completed, the value of the property is much greater than when originally purchased. While typically these programs are used on apartments or retail property, they also work for condo conversions, hotel rehabs, industrial expansion, etc.

Features of this financing include:

  • Loan-to-cost of 75% to as much as 95%. Cost includes purchase of property plus the cost to reposition product, including leasing commissions, tenant improvements, construction, interest reserve, etc.
  • Financing typically handled as construction with total cost escrows and draws against work completed. Releases are possible on for sale product
  • Maximum loan size to 75% of stabilized product value; 80% possible on apartments
  • Rates are variable based on either Libor or Prime indexes. Margins based on borrower experience and financial strength
  • Recourse is common on higher leveraged loans dependent on deal financial strength and resume experience
  • Terms are 12 to 24 months with options for extension available
  • Permanent loan takeout can be arranged at same time and often at no additional cost

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice

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Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate
commercial equity loan | commercial rehab loan | structured financing | shopping center loan

Need to discuss a transaction? Please contact an Account Executive.

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