Loan Programs

Take a look at our very competitive rates & fees

Commercial Lending

Experience and Integrity. Since 2005

First Mortgages

Americap Direct, our business is opening  your access to capital and commercial real estate funding. Our Loan -To- Value ratios are the highest in the industry-- up to 90%. Americap Direct Inc. offers both Full Documentation and Stated Income programs in addition to Conduit Loans. Because we “structure and underwrite” our loans ourselves, we offer greater flexibility, creativity and timeliness.
As an owner of the nation’s 5th largest intermediary in the placement of commercial real estate capital, our tea m has the resources and expertise to deliver superior results. Americap Direct Inc. offers funding for land acquisition, refinancing, land development, cross collateralization, islands, and much more both nationally and internationally. We serve a diverse clientele reaching beyond the U.S. borders to Canada, Mexico, Europe, the Caribbean, Central and South America, and beyond. The network’s advisory expertise, local market data and technology all combine to support our clients in making timely and profitable decisions on commercial real estate issues
 
We specialize in providing debt and equity solutions from $1 million to no limit.

  • Construction Loans
  • Permanent Financing
  • Acquisition Financing
  • Fixed or Adjustable Rates
  • Credit Tenant Lease (CTL) Loans
  • Mezzanine Financing
  • Bridge Loans and hard money loans
  • Hedge funds
  • Participating Debt
  • 144a bond and EB-5 Funding
  • Equity Placement
  • Joint Ventures
  • Credit enhancement (proof of funds.BG,SBLC)

  • Rates and terms are structured to achieve individual financing goals. Financing can be provided for virtually all property types, including:
  • Multifamily; affordable, market rate, mixed-use
  • Seniors; independent or assisted living
  • Nursing Homes, Congregate Care
  • Student Housing
  • Manufacturing/Industrial
  • Distribution/Warehouse
  • Hotel
  • Office
  • Medical Office
  • Retail
  • Restaurant
  • Renewable Energy Installations

The "AMD" Capital network represents some of the largest institutional investors in the world, including premier life insurance companies, capital market conduits, banking partners and pension funds. Our promise is to approach your financing needs with creative insight, flexibility and innovative solutions.

Apply now at newloans@americapdirect.net

  • 3 Color Photos or Old Appraisal
  • 2015 and 2016 Profit and Loss
  • Rent Roll (if applicable)
  • Personal Financial Statement
  • Operating Agreement/By-Laws
  • Purchase Sales Agreement (if a purchase
  • Hud-1 (if purchased in the last 3 years)
    List of Improvements Made (since purchase)
    Resume/Background of Principal(s
  • Loan to Value Ratio Up to 75%
  • (up to 100% in certain cases)
  • Interest Rate 3.00% – 12%
  • Term 1 – 3 years; 5-25 years
  • Amortization – Interest Only
  • Recourse & Non-recourse
  • Lender Fee 3 – 5 Points
  • Exit Fee – None
  • Extensions – Yes
  • Extension Fee: 1/2 – 1 Point
  • Borrowing Entity: Special Purpose Entity
Construction Lending Program

  • Loan sizes range from $500,000 to $350 million.
  • Term ranges from 12 to 24 months.
  • Interest rates: spread over Wall Street Journal Prime Rate.
  • Guaranty is full recourse for project completion and loan repayment.
  • Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting.
  • Prior to closing, a suitable permanent loan commitment must be in place.
  • Gap funding permitted subject to due diligence and underwriting.
  • Typical due diligence fees apply which cover the costs of third party reports (appraisal, market feasibility if rental achievement is a requirement of permanent loan commitment, phase I environmental and plan & cost review) and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs.
Conventional Lending Program
  • Loan sizes range from $1 to $500 million.
  • Term ranges from 24 to 25 years
  • Loan to value from 70-85%.
  • Interest rates: spread over Wall Street Journal Prime Rate.
  • Guaranty is full recourse for project completion and loan repayment.
  • Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting.
  • Prior to closing, a suitable permanent loan commitment must be in place.
  • Typical due diligence fees apply which cover the costs of third party reports such as the appraisal, phase I environmental, plan & cost review, and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs.
  • Call us for current rates


           Non Recouse Loans

         
  • Non-Recourse Commercial
  • $1 to $50+ Million
  • Rates from 3.75%
  • Terms Up to 30 years
  • Max LTV 85%
  • Nationwide Urban and Suburban
  • Income-producing commercial properties without differed maintenance
A third party expense deposit is required.
Acceptable Property Types: Hospitality, NNN, Warehouse, Retail, Office, Self-Storage, Assisted Living, Student Housing, and Mobile Home Parks.

Bridge loans                    No Doc Commercial loan

Fast decision-Easy process-Fast closing

Americap Direct has formed Business Relationships with 5 – 8 Reputable Bridge Lenders to better assist our Clients.

  • Below are one of our Lending Partners terms which are not all inclusive.
  • Rates: As low as 8.5%
  • Loan Size: $1 Million Minimum $150 Million Maximum
  • Acceptable Uses: Purchase, Refinance, Major Rehab
  • Terms: 2 & 3 Year Terms available
  • Leverage / Loan to Value:
  • Up to 80% of Actual Cost Maximum
  • Typically 65% LTV
  • Minimum FICO Score: 620 Minimum 680 Average
  • Non-Recourse: Available on Case by Case basis
  • Prepayment Penalty: Step Down Prepay, Flat Prepay, YM
  • Debt Service: Varies with Investor
  • Amortization: Interest Only Payments are possible

Closing as fast as 2 weeks - Lenders have Ready Capital.
Property Location - Anywhere in the U.S.

Collateral Types - Multifamily, Hotel, Student Housing, Retail, Office, Industrial, Warehouse, Hospitality, Quick Service Restaurants, Mixed-Use and Assisted Living.

Risk Tolerance - Comfortable with Bankruptcy, Estate/Partnership Disputes, Foreclosures and Other Potential Borrower Issues

Other Situations - Foreclosures; Refinancing; Acquisitions; Value-Add; Discounted Payoffs; Bankruptcies (DIP); Short Sales; Hotel PIPs; Rescue Financing; TIs & LCs; C&I Loans; CapEx;

Origination & Application Fee(s):
Americap Direct has applicable Engagement/Processing Fee – paid upon acceptance of approval. No fee charge unless underwriter
approve transaction.

Americap Direct has a 1 to 3% Success Fee – paid at closing and determined after a review of a full package
Lender/Investor Fees will also be applicable and disclosed and determined after a review of a full package

 NO INCOME VERIFICATION LOAN


NATIONWIDE – Investor 1-4 Unit, Multifamily, Mixed-Use, Mobile Home Parks, Self-Storage, Industrial Buildings, Multi-Tenant and Owner Occupied Commercial and more

• Rates start from 6.99%
• Loan Amounts up to $25,000,000
• LTV up to 70%
• Minimum Credit Score 650
• 30 Year Loan / 30 Year Fully Amortized

Loan Program Highlights
NO Tax Returns
Perfect for self-employed
Owner-User? No Problem
Common sense underwriting
Loan turned down by other lenders
Permanent financing, NO balloons
Quick Closings
estate.

Conventional Mortgages for all property types
Rates as low as 3.85%, 2,5,10 years, up to 25 years. From $500,000 to $25 Million.
Max LTV 80%. Point as low as 1.00%. No upfront fees.
Mid balance-Conduit-FHA loans-Bridge loans Construction loans, SBA 7a and
USDA B&L  Insurance loans.

  1. Medical/Healthcare
    Medical/Healthcare
    Up to 90% LTV Unlimited Cash Out No Pre-Payment Penalty Flexible Amortization Schedules Close in 3-5 Days Non Recourse Loans Par Pricing Brokers Protected Pays up to 3 pts. yield spread 2-5 year adjustable rates Interest Only
  2. Hotel/Motel/Casino
    Hotel/Motel/Casino
    Purchasing existing hotel business starting up a new hotel $1M-$75MM construction financing up to 90% LTC remodeling UP TO 90% LTC acquisition of properties, MAX 80% refinancing properties MAX 80% purchasing business equipment working capital up to $5 million
  3. Industrial & Warehouse
    Industrial & Warehouse
    Minimum Warehouse Loan Size is $500,000 Loan Collateralized by Commercial Real Estate - No Business Only Financing Acquisition or Refinance of Stabilized Warehouse Building Properties Bank, Conduit, and Conventional Financing Available 3, 5, 7, 10 Year Fixed Rates 15, 20, 25, & 30 Year Amortizations Flexible Prepay Options 75% LTV - Subordinate Debt OK Minimum 660 Credit Score 3 Years of Historical Income Req. Low Minimum 1.40 DSCR
  4. Mix use, Self storage, sub division
    For apartment buildings and small apartment complexes.  Loans range from $500 thousand to $10 million. Rate & Term Refinance, Cash Out Refinance, Acquisition Financing and Rehab Financing Brokers Protected Pays up to 3 pts. yield spread 2-5 year adjustable rates Interest Only
More info                                                                   More info                                                                    More Info                                                                   More Info
  1. Retail/Mall
    Retail/Mall
    This area can be fully edited and gives you the opportunity to introduce yourself, your website or company, your products or services.
  2. Gas station, resturants, car wash, auto repair, C-Store
    SBA 7(a) up to $5million, 10,25 years,90% LTV SBA 504, 20 yrs, prime + 2.75%, 80% max 10 year prepay Hard Money up $5mm, rate 10-18%, max ltv-65%. points 3-10% (1% to Broker)
  3. Office, medical, student housing
    Up to 90% LTV Unlimited Cash Out No Pre-Payment Penalty Flexible Amortization Schedules Close in 30-45 Days Non Recourse Loans Par Pricing Brokers Protected Pays up to 3 pts. yield spread 2-5 year adjustable rates Interest Only
  4. Assisted living
    Assisted living
    loan amounts from $250k to $50 million 700 minimum fico fixed rate as low as 5% low down payment and 100% financing 7 year term and up to 10 year amortization Closing in 4 weeks
Conventional commercial loans are mortgages that are provided by a bank, credit union, savings institution, or other traditional financial institution and are secured by a first lien position on the subject properties being financed. The collateral may be any type of commercial real estate and do not always require previous experience. These loans are typically best suited for inexperienced borrowers, small loan balances, specialty properties, or any other structure that may require a personal guaranty

Underwriting Parameters

Conventional Lenders typically have maximum LTVs of 75-80%, while some lenders can stretch up to 85% in limited circumstances for especially strong borrowers. Borrowers should expect to have “hard cash” equity invested in purchase transactions, while being able to maintain a post-closing liquidity sufficient to service their debt for several months and an overall net worth equal to or greater than the loan amount (although there may be some flexibility). Properties will need to be able meet a DSCR of 1.25-1.55x (depending on the LTV and property type) at the underwriting rate.
Conventional Loan Features

Term Length/Amortization: The length of term and amortization depends heavily on the institution providing the funding as well as the property type. Terms can vary from 3-15 years with amortizations ranging from 10-30 years. Depending on the way the loan is structured, it may “balloon” at the end of the term, meaning at the loan balance will need to either be refinanced or paid off; otherwise the loan is self-amortizing, meaning that the loan will be fully paid off when the loan matures, so there is no loan balance to pay off (unless the loan is prepaid before it matures).

Recourse: Conventional loans may be non-recourse, limited recourse, or full recourse loans. If it is non-recourse, the Borrowers are not personally liable for the repayment of the loan and that the collateralized property and its cash flows would be the sole source of repayment of the debt in the event of a default or foreclosure. However, in the event the Borrower actively participates in an activity that could cause harm to the property, there could be springing recourse in some limited circumstances; this may include loan fraud, property transfer or subordinate financing without consent of the Lender, and voluntary or collusive activity leading to a bankruptcy filing, among other such actions. Limited recourse loans makes the sponsors guarantying the loan responsible for a percentage of any shortfall between the loan balance and sales price in the event of default and foreclosure, where the property must be auctioned off as well as any applicable legal and ancillary fees. The carve outs for the non-recourse loans would also apply. Full recourse loans make the sponsors guarantying the loan responsible for any and all shortfalls between the loan balance and sales price in the event of default and foreclosure as well as any applicable legal and ancillary fees.

Loan Assumption: A conventional loan may or may not be assumable. Typically assumption occurs when the Borrower wants to sell the commercial real estate that secures the loan, and the Purchaser of the property wants to take the loan over. Once the property sale and assumption is completed, the Purchaser becomes the owner of the property and is bound by the original terms of the assumed loan and the original Borrower/Seller is released from its obligation to the property and the existing loan. The benefit of this structure is that the assumption of the loan allows the Borrower/Seller to avoid pre-payment costs and give the buyer the opportunity to assume a loan that may have favorable terms than what is market. Loan assumption is an especially attractive option in high interest rate environments or tight credit environments. 
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Please contact us to discuss your project’s unique characteristics and find out how we can help you meet the challenges in building new multifamily housing communities!
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