|
Helicopter Loans & Program Rates
|
|
Call us today! 678-749-7448
Toll Free 877-600-1703
|
Robinson Helicopter Loans
We are actively lending on Robinson!
Click here to visit our aircraft lending division.
Airplanes
Contact Us
Home
Please Click on the link for more information.
Equipment Leases
Please visit our equipment leasing page by clicking here
Including Franchise FF&E,, all types of equipment, aircraft used for commercial purposes.
No matter what your credit is, even a bankruptcy. We have numreous leasing programs to accomodate any borrower!
Vendors, please contact us for your client financing needs! We can structure programs for most equipment types and most borrowers!
At least 3 years in business
Click to download a Lease Application
Contact Us
Back to Top
Commercial Mortgages
As of March 31, 2009, this program IS available!
Financing for income-producing, commercial property. No credit given to "goodwill" or FF&E (see our equipment financing division)
Features:
- SBA 7a program or non SBA conventional
- Loan amounts $200,000 to $2 million (SBA) or $10 million non-SBA
- Rates start at prime + 2.75% (variable quarterly) SBA, non-SBA case by case
- up to 25 year term
- FICO scores to 600
- 75% LTV (90% CLTV with seller-second)
- No construction! No gas stations!
- Owner-occupied only;
-
US citizen or Green Card holder (No B1 or other visa types)
PHASE I environmental required
Minimum 600 FICO score
5-3-1 Pre-payment penalty
Contact Us
Back to Top
Franchise Financing / Business Loans
Financing available for most franchises, and other types of businesses including tanning salons, medical and professional practices, automotive centers, etc.
Generally, you will need to provide 20% equity investment, have adequate collateral, and good credit. Start-ups require a business plan. Minimum loan amount is $200,000.
Interest rates depend on the strength of the borrower and the franchise, but a range of prime plus 1.0 to 2.75 points is typical.
Is your franchise a "good bet"? See if it's listed with the SBA registry:
http://www.franchiseregistry.com/Registry/
Contact Us
Back to Top
Gas Station/Convenience Store
As of March 31, 2010, We are actively offering financing for Owner-Occupied gas stations, convenience stores, and car washes (with or without real estate), as well as equipment, including POS, pumps, etc. We are not offering financing for "investor stations".
Only Licensed, Franchised Or Nationally Recognized Brands Will Be Considered. Independent Brands Will Not Be Considered. You MUST be a US citizen!!
For Existing Gas Station/C-stores and Car Washes
* Maximum LTV or LTC shall not exceed 75% of the subject property
* The borrowers must provide no less than 20% of the total purchase price in the form of cash. Seller-Carry-Back financing or oil company/jobber financing shall be allowed though it may not replace the 20% cash injection requirement of the borrower
* The subject business must have proven historical debt service for its existing and proposed debt
Start-Up Gas Station/C-stores and Car Washes
* Maximum LTV or LTC shall not exceed 70% of the subject property
* The borrowers must provide no less than 25% of the total purchase price in the form of cash. Seller-Carry-Back financing or oil company/jobber financing shall be allowed though it may not replace the 25% cash injection requirement of the borrower
* A feasibility study on the subject site shall be required prior to loan approval
*The borrower must possess industry specific management experience
Appraisal Requirements
* The appraisal report must include the contributory value of the real estate and the FF&E in addition to the going concern value.
* The contributory value of the real estate must be greater than, or equal to the loan amount
Environmental Requirements
* A Stage II Environmental Inspection is generally required.
*Remediation may be ok.
Loan Sizes $500k to $2.0 Million
Up To 25 Year Amortizations
Mobile Home Park
Acquisition, refinance, construction
3 star or higher
Up to 30 year amortization
1.20 DSCR
5 star parks over $1 million receive outstanding rate/term, as low as 5.95%
Please fill out the questionnaire so we may offer you a no-obligation quote
Mobile Home Questionaire (PDF Document)
Contact Us
Back to Top
RV Park
*As of April 2009, this program is not available*
Acquisition, refinance, construction
Up to 80% LTV
Up to 30 year amortization
Priced individually, please contact us with your specifics
Contact Us
Back to Top
Hotels
Flagged and Unflagged,
Interior and Exterior entry
Up to 85% LTV
Terms up to 25 years
Relevant experience required
Contact Us
Back to Top
Assisted Living
Acquisition, refinance, rehab, construction
FHA 232, HUD 504 programs, bridge financing
Up to 90% LTV
Up to 40 year amortization
Construction to perm financing as an "automatic" transition
Non-recourse
Low fixed-rate
Rehab repairs generally must exceed $6,500 per unit
Let our experts help you through this process!
Contact Us
Back to Top
Bridge Loans and Hard Money
$500,000 minimum loan amount
up to 75% LTV
Stated Commercial Bridge Loans-No tax returns!
Our bridge loans are concerned with two things: equity and assets. If the cash is there, then there is no reason the deal can’t go stated. We’d be happy to pass on tax returns in lieu of a good down payment or significant reserves – and we’ll close it for you in two weeks with a full package (including appraisal).
Don’t let a good deal die if it’s just a matter of tax returns!
Bridge Loan Features:
- $500,000 to $5,000,000
- 12 month term
- Interest only
- Prime + 2%
- 4 points
- 75% max LTV
- Quick response
- No prepayment penalty
IF YOU ARE SEEKING A HARD MONEY LOAN, BEWARE OF PAYING A BROKER ADVANCE FEES! CFS DOES NOT CHARGE ADVANCE FEES, BUT THE LENDER DOES. FOR MORE INFORMATION ON THIS SUBJECT, PLEASE CLICK ON THE LINKS BELOW TO RECENT WALL STREET JOURNAL ARTICLES. THE MONEY YOU SAVE WILL BE YOUR OWN!
REMINGTON FINANCIAL GROUP
ADVANCE FEE SCHEME
Loan summay sample document
HARD MONEY
Hard money is available on ships, aircraft, real estate, oil and gas reserves, and other assets.
Rates begin at 13%
There is no pre-payment penalty.
You will need to submit a general outline of the transaction. Click here to download
a sample form (please note, I will only accept submission in this format. If you have
an executive summary or business plan, I will look at that later).
Real Estate max loan amount is 75% LTV.
Oil and Gas are at 30% of the 10% net discounted value.
Paintings are 30-50% Please note, this is for masterpiece caliber, not "collectibles". Masterpiece art will typically have a catalog reference.
Ships and aircraft are at 50% of a value between salvage and quick sale.
Quick Sale is the price the asset would fetch within four months of marketing. This is likely below the appraised value for real property, and in the case of movable assets (like ships, and older aircraft) somewhere between salvage value and appraised value. I will caution all borrowers that this is the issue on which the transaction hinges.
Repayment plan-How are you going to repay the loan? Is your plan realistic?
Factoring is getting paid money today that you wouldn't normally receive until a later date. One of the major determinates of factoring is the credit worthiness of the entity that owes YOU money. The reasons you may want to consider a factoring arrangement include the immediate availability of funds (use to pay your current bills or to reinvest) and it's often used in lieu of debt financing.
Factoring is available to start ups or established companies. Generally, we assist companies with annual sales of $100,000 to $25,000,000.
We are aggressively seeking clients in the traditionally factored industries of Textiles, Apparel, Furniture and Carpet, as well as other commercial industries.
For example: Trucking Temporary Employment Commercial Printing Wholesale Distribution Auto Parts Injection Molding Computer Hardware
We work with clients whose credit profile may disqualify them for bank financing. Given that we are relying on the client's A/R for repayment, we can work with a client who falls outside of traditional bank lending parameters. Our objective is to provide a flexible financial alternative through which our client will grow, develop business and ultimately obtain bank financing. The following list summarizes some of the situations which may prevent a bank from extending credit. In most cases, however, we will work through these issues and provide the client with vital working capital.
-
Start-up companies with limited track records
-
Rapid growth with constantly increasing capital needs
-
Operating losses
-
Minimal or deficit net worth
-
Tax liens
-
Personal/Business bankruptcy
Contact Us
Back Top
|
