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The #1 Proof of funds Provider
Americap Direct Group:
Americap Financial Group
United Financial Group
Citi Advisors
Apartment-Office-Retail
Condo-Student housing
Americap Direct has specialized in bad/poor credit apartment/multifamily loans since 2010 for investors with less than good credit. With various programs to choose from our challenge credit apartment loan specialists will find the alternative credit apartment financing that is right for you.
Our Services
Nationwide Loan Amounts from $100K to $500 million
Purchase, Refinance, Construction, Rehabilitation and Equity
Bridge, Mezzanine, Private Funds, Equity, Hard Money
Stated, No Doc 1-4 Unit NOO Investment, Multifamily and Commercial
Residential Blanket Loans
SBA 7(a), SBA 504, USDA, B & I, Rural Programs and Construction
Agency, CMBS, Institutional, Insurance, Portfolio, Hedge Funds and Private Lenders
Fannie Mae, Freddy Mac and HUD-FHA
Purchase, Refinance, Construction, Rehabilitation and Equity
Bridge, Mezzanine, Private Funds, Equity, Hard Money
Stated, No Doc 1-4 Unit NOO Investment, Multifamily and Commercial
Residential Blanket Loans
SBA 7(a), SBA 504, USDA, B & I, Rural Programs and Construction
Agency, CMBS, Institutional, Insurance, Portfolio, Hedge Funds and Private Lenders
Fannie Mae, Freddy Mac and HUD-FHA
Our Experience
In-House Underwriters with 35+ Years of Commercial Real Estate Experience.
History of getting loans closed that others couldn’t
Apartments 5+ Units, Mixed Use, Mobile Home Parks, Self- Storage Owner Occupied, Single Tenant, Office Buildings, Office Condos
Auto Shops, Car Washes, Gas Stations, Restaurants, Franchises Assisted Living Care, Day Care, Schools, Grocery Stores, Hotels, Motels and Resort Hotels with Time Shares
Industrial, Retail, Parking Lots, Special Use
History of getting loans closed that others couldn’t
Apartments 5+ Units, Mixed Use, Mobile Home Parks, Self- Storage Owner Occupied, Single Tenant, Office Buildings, Office Condos
Auto Shops, Car Washes, Gas Stations, Restaurants, Franchises Assisted Living Care, Day Care, Schools, Grocery Stores, Hotels, Motels and Resort Hotels with Time Shares
Industrial, Retail, Parking Lots, Special Use
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Access to Capital
We are experts in securing apartment building loans. Sometimes referred to as multifamily mortgage loans, these types of loans have traditionally constituted the largest portion of our total business volume. We have information that can help you with how to buy an apartment building. Whether you are looking to finance a small apartment building, a complex with hundreds of units, or a co-operative looking for an underlying mortgage, we can help you find the optimal financing solution to meet your apartment mortgage loan needs. Our company has access to multiple capital sources, including: Fannie Mae, Freddie Mac, HUD, numerous local and national banks,
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Apartment building loan rates start as low as 4.08
• No upfront application or processing fees
• Simplified application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long term fixed rates
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
• Simplified application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long term fixed rates
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
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ALL COMMERCIAL REAL ESTATE
MULTIFAMILY, MIXED USE, MOBILE HOME PARKS
1-4 UNITS AND CONDO INVESTMENT
HARD MONEY
MULTIFAMILY, MIXED USE, MOBILE HOME PARKS
1-4 UNITS AND CONDO INVESTMENT
Apartment-Multifamily
1-4 UNITS AND CONDO INVESTMENT
Description
Simplified loan approval process for long term fixed rate financing for apartments, manufactured housing, mobile home parks, and cooperative apartments.
Loan Amount
$750,000 – $3,000,000 nationwide - up to $5,000,000 in major markets
Loan Terms
Fixed rates for 5, 7, 10, 12, 15, 20 and 30 years
Amortization
Up to 30 years, based on the age and condition of the property
Prepayment Penalty
Yield maintenance and step-down options available
Recourse
Non-recourse lending is available
Debt Service Coverage
1.25x minimum
Loan to Value
Up to 75% maximum LTV for refinances and 80% for purchases
Subordinate Financing
Supplemental mortgages are available after the first 12 months of the loan term or loan assumption
Occupancy
Typically expect to see 90% occupancy for the previous 3 months
Large Apartment 4 plus
Description
Long term, fixed rate financing for the purchase or refinance of apartment buildings, mobile home parks and cooperative properties
Loan Amount
$3,000,000 and up
Loan Terms
Fixed rates for 5, 7, 10, 12, 15, 20 and 30 years
Amortization
Up to 30 years, based on property condition; Interest-only financing is available
Loan to Value Maximum
Up to 80%
Coverage Minimum
Typically 1.25x, 1.20x in certain markets
Borrower
Domestic single asset borrowing entity is required
Interest Rate
Subject to “tiered” LTV ratio (55%, 65%, and 80% tiers)
Prepayment Terms
Yield maintenance and step-down prepayment options available
Third Party Reports
MAI Appraisal, Physical Needs Assessment, and Environmental Phase I Assessment are required, plus Seismic Report may be required for properties in Seismic Zones 3 and 4
Escrows
Real estate taxes, insurance, and replacement reserves subject to underwriting guidelines
Application Fee
$10,000; covers 3rd party reports and processing/underwriting costs
Legal Fees
$8,000 to $12,000 varying with characteristics of the deal
Timing
45-60 days from application to closing; dependent on 3rd party report timing and borrower’s submission of due diligence
Rate Lock
Typically, lock occurs after commitment is issued; Early Rate Lock option is available, allowing rate lock within 3-4 weeks of application
Assumability
Loan is assumable, subject to lender approval.
Apartment bridge loan
Rates starting at 5.00%, 2-year term and loan to stabilized appraised value up to 75%. Available to higher net worth, higher liquidity investors or for properties that are doing well but just need some remodeling. Time for closing is 30-45 days.
Office-medical-Senior housing
Office
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $25,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $25,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Medical office
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $25,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $25,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Customize your loan and fund quickly.
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Senior housing
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $45,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $45,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Customize your loan and fund quickly.
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Retail-Storeage-Warehouse
Retail
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $55,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $55,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Customize your loan and fund quickly.
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Storeage
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $15,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $15,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Customize your loan and fund quickly.
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Warehouse
Purpose. Refinance, acquisition, property improvements, cash out.
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $15,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
50-70% Maximum Loan(s) to value. Our loan plus senior debt.
Loan Amounts: $250,000 – $15,000,000
Term: 1-3 years. Interest Only
1st and 2nd Loans. We’ll lend behind large senior loans.
Loan Package Requisites. Appraisal, application, preliminary title, inc.-exp. history
Customize your loan and fund quickly.
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Fixed Rate*: 8% / Interest Only
Pre-Payment Penalty: 12 months
Hud loans/FHA/Fannie Mae/Mortgage back loans
Conventional loans
Fannie Mae
Freddie Mac
Fannie Mae financing is available nationwide in primary and secondary markets and is funded under the Fannie Mae Delegated Underwriting Services (DUS) Program. These loans are for stabilized properties only with a minimum $750,000 loan amount with rates that can be fixed or floating. FNMA financing can be used for traditional multifamily properties, student housing, affordable housing, or independent senior living. Maximum leverage is 80% on purchases and 75% on refinances within designated areas. Loans may be recourse or non-recourse.
A Freddie Mac Loan is a type of multifamily loan that is secured by a first-position mortgage on a traditional, student housing, senior housing, or affordable housing property. These mortgages may be held in the FHLMC portfolio (10% of mortgages) or sold to bond investors (90% of mortgages).
USDA Mortgages
USDA guaranteed mortgages can be used for any commercial real estate collateral that is located in a designated rural area (with a population of less than 50,000 people). Maximum LTV is 90% under some programs, but most have a maximum of 80-85%. USDA mortgages are almost always full recourse. LOAN FROM $1,000,000 PLUS
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Commercial Mortgage Backed Securities (CMBS Financing)
FHA Hospital or Senior Care Loans
FHA facilitates mortgages for hospitals or senior care facilities under its 202, 232 and 242 programs. Collateral is typically any hospital type, memory care facility, skilled nursing facility, or assisted living facility. Maximum leverage is 90% and all mortgages are non-recourse except standard carve-outs.
Loan Type Property Type * Min Loan Amount Max LTV Term Length Amortization
FHA / HUDLOAN AMOUNT: $3,000,000
FHA / HUDLOAN AMOUNT: $3,000,000
LTV: 83.3%
TERM: 35-40 Years 35-40 Years
A CMBS Loan, also known as Conduit Loan, is a type of commercial real estate loan that is secured by a first-position mortgage on a commercial property. These loans are packaged and sold by Conduit Lenders, commercial banks, investment banks, or syndicates of banks. A CMBS Loan has a fixed interest rate (which may or may not include an interest-only period) and is typically amortized over 25-30 years, with a balloon payment due at the end of the term. Because the loans are not held on the Conduit Lender’s balance sheet, CMBS Loans are a great way for these lenders to provide an additional loan product to Borrowers while at the same time maintaining their liquidity position. Because of the more flexible underwriting guidelines, CMBS Loans also allow CRE investors that cannot usually meet stringent conventional liquidity and net worth guidelines to be able to invest in commercial real estate.
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Our Financial Partners
AMD Financial hard money partners
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