 |
Private Money Financing
Greater Bay Capital, Inc. specializes in private-money financing on income-producing and special purpose properties in California.
We pride ourselves in finding creative was to help our clients meet their financing needs.
We provide SOLUTIONS! If there is a way to finance your loan we will find it!
GENERAL LOAN PARAMETERS
| Property Types Office, industrial, retail, mobile home parks, R&D, mini-storage, multi-family, mixed use, hotel/motel, gas stations, churches, other special purpose, and land. |
Debt Service Coverage Prefer at least breakeven DCR, but will consider other sources of income beyond subject property. |
| Geography All of California, but prefer Northern California. |
Interest Rates Fixed-rate, interest-only, starting at 8.99% and increasing based upon risks and loan term. |
| Loan Size $200,000 to $5,000,000, with larger loans considered on case-by-case basis. |
Loan Term Prefer 1-3 years, but will consider up to five. |
| Security Primarily first mortgages, but will consider a large second behind a smaller first. Will allow subordinate financing! |
Loan Fees Typical fees are 3-5 points, depending upon type of property and loan term. Small loans and loans > 3 years may be priced at a slight premium. |
| Leverage Income-producing properties up to 65% LTV, non-income-producing up to 50% LTV. Exceptions considered with proper risk mitigation or cross-collateralization. |
Prepayment Minimal prepayment penalty of 1-2 month's interest, but negotiable. |
Consult A Local Specialist
No Obligation Quote. If you would like a No Obligation/Free Quote please fill out the 7 pieces of information below and a Loan Officer will contact you immediately.
