Cohen Commercial Equity recent closing for SBA, hard money, construction, lines of credit and JV l in Elmira, New York For Sale

Cohen Commercial Equity is currently funding SBA, hard money, construction, lines of credit and JV loans
COHEN Commercial Equity www.cohencommercialequity.com was allocated $580,000,000 for commercial loans, hard money loans funding, and we are originating viable projects with 10% or more in liquid assets. Loan amounts from $500k to $50 million, 3 points, 6-9% rate, bridge or permanent financing available. Funding in as little as 5 weeks. Cohen Commercial Equity’s underwriters are working delinquently to issue a conditional loan approval agreement within 72hrs of reviewing the full file. No upfront fees required for this initial process. Client must escrow appraisal, down payments, and closing costs. Call today xxxx-928-xxxx newloans@cohencommercialequity.com Recently Closed Loans
In addition to the more standard loan types (apartment buildings, hotel, resorts, construction, renewable energy, office buildings, medical, warehouse, etc.) CCE also
include land, renovations, quick close bridge loans, sale-leasebacks, International projects, gold mine, and proof of funds service few examples of loans that CCE has closed that did not fit the conventional mold:
CALL TODAY xxxx-928-xxxx WWW.COHENCOMMERCIALEQUITY.COM Your one stop shop, no upfront fees, Loan placement Firm
$10,500,000.00 Sale-Leaseback on a Former Home Depot Building
in Las Vegas, NV.
In this situation the owner was not able to service the debt while the property was in
transition. Cohen Commercial Equity brought in a buyer who purchased and leased the
property back to the owner/seller with an option to repurchase the property for a set
period of time. We saved the owner from foreclosure and created a highly satisfactory
situation for everyone involved.
$1,775,000.00 Land Loans in Scottsdale and Prescott Valley, AZ.In the current real estate market environment, land loans are becoming more and more difficult to accomplish for standard Bank or inexperience Investor.
In this case, CCE still managed to arrange a fast loan for the client with no proof of income, no credit check and no appraisal, based on adjacent comps which supported the value for a pure equity loan. Initial $975,000.00 loan closed in
less than 2 weeks from initial property inspection. We followed that up a couple of weeks later with an additional $800,000.00 loan on land that the client owned in northern Arizona. Again, with no proof of income, no credit check and
no formal third party appraisal. Again, the loan closed within 2 weeks of initial inspection.
$2,500,000 Acquisition Loan for Multi-Family Redevelopment Project in
(Stillwater) Oklahoma City, OK.Bridge loans for properties in transition can be hard to find for real estate redevelopers.
In this case
CCE. provided a relatively low cost bridge acquisition loan on a property that
did not support the debt service well at the time. We saw the potential where others did not and provided the client with a bridge loan in the 8.5% range…well below what other private lenders were and are charging for similar loans.
$1,200,000 Mitsubishi Dealership Refinance in Southern CA.As the auto market began to decline a few years ago, we were approached by an owner seeking some quick cash for current operations. Where most would see a losing battle against the economy, we saw sufficient equity and strong high traffic location. A loan was arranged and closed in less than 2 weeks
from initial client meeting and inspection with no appraisal. Interest rate was single digit in a double digit market. Performance and pricing met the needs of yet another satisfied CCE
INC. client.
$1,150,000 – Church Refinance and Renovation Loan in the SouthwesternU.S. Church loans can be difficult to obtain if your lender does not know how to handle them. Especially if there is a construction or renovation component to them. However, CCE. arranged financing for exactly that situation for this church in the Southwestern U.S. with minimal paperwork and a speedy close as soon as the
appraisal was completed. We provided the client with a loan with an interest rate in the mid 6% range, fixed for a 5 year term with a 25 year payment schedule. We can lend up to $100 million dollars quickly and at excellent terms on all kinds of property. Churches, health care facilities, you name it we can probably finance it for you. Give us a call to discuss your situation and financing needs today.
Program Highlights for construction projects:
• Key Projects: Ground- Up Construction/Development/Specialty Projects/Income producing/Apartments/Hotels/Sports Arena/Retail/Warehouse/Gas station/Start ups/Church/Non-Profit/Auto Dealership/
• Geography: Nationally
• Loan Amount: $500,000 to $50,000,000
• Funding time: 60 to 90 days
• Interest Rate: 6% to 9% Fixed (1% rates for Churches)
• Amortization: up to 25 years
• Term: 5 years – Also can structure a construction to permanent loan with interest only during draw down periods.
• Points: 3% total for $10 million and below OR 2% total for $10 million and Above
• Prepayment Penalty: None
• Non Recourse
• OPTION 1.) 90% Financing, 10% Deposit needed from Borrower
• OPTION 2.) 100% Financing, (10% Deposit from Borrower returned at closing) - Only for strong credit, high net worth applicants with solid business resume, existing equity.
• **Additional points may be charged if Investor Group funds the 1- 10% deposit. .
•
ESCROW DEPOSIT: Lender will assess refundable $xxxx0 loan commitment once the preliminary underwriting is completed and the term sheet is issued. This is not an UPFRONT FEE, this is a completion fee to ensure all reports, services are paid to ensure closing.
• Executive summary of the principals involved in the transaction (experience, etc)
• Detailed summary of use of loan proceeds
• Market summary of (insert here)
• Construction plan & Construction costs (Hard and Soft)
• Copies of permits, approval, entitlements, environmental reports
• Site plans, drawings, & pictures
• Original cost of property & details of current investment (land cost)
• Appraisal “as is” and after project is completed
• Details of existing debt on property/project
• Details of existing equity in the project
• Personal financial statement of all principals (liabilities, assets, net worth, cash, credit score)
• Copy of purchase sale agreement if applicable
• Exit plan