Some Typical Transactions Handled by Our National Clearinghouse of Commercial Lenders

One-For-The-Money is affiliated with a national clearinghouse representing over 100 specialty commercial real estate lenders nationwide who provide financing for difficult real estate transactions. These transactions include:

Problem:  Tom and Mary own a two-year-old restaurant in Boston, MA and seek $100,000 for general working capital purposes. The business has recently lost money and thus a bank loan is not possible and the business property is leased not owned. Tom and Mary both still maintain excellent personal credit.

Solution:  We can arrange for up to $100,000 in an unsecured loan made to the business and personally guaranteed by the principals based on their good to excellent FICO score ( a measure of personal credit ).  Additionally, we can provide up to $100,000 ( again despite the poor credit of the business itself )  based on a 135% advance against the average monthly sales made through Visa and MasterCard to the restaurant.

Problem: Client owns a mixed use property located in Michigan with a current appraised value of $10,000,000 and has a first mortgage with a 70% LTV ( $7,000,000 ). He needs an additional $1,000,000 for an outside business venture for a period of approximately one year but is finding that 70% is the maximum LTV he can obtain given his cash flows and credit from a conventional lender. 

Solution:  We represent a second mortgage lender in New England that will provide a $1,000,000 second mortgage on an interest only bridge loan basis for a one or two year period. This 2^nd mortgage lender will typically lend up to a combined LTV of 80% between the 1^st and the 2^nd mortgages.  While a second mortgage is clearly more expensive than a first mortgage position the opportunity exists to obtain such financing when appropriate.

Problem:  A prospective buyer of an operating, cash flowing garden apartment complex in Indiana is stuck. The problem is he has a contract to buy the garden apartments for $10,000,000, has a lender that can provide a 75% LTV (typical for a transaction with decent cash flows and buyer credit), can put in a maximum of $1,000,000 (10%) personally but, unfortunately, has a seller that will not take back a note for the balance.

Solution:  We represent an real estate equity group in Texas that will provide a mezzanine loan priced at approximately 12%, interest only for up to 3 years with warrants exercisable at exit as an equity kicker for transactions needing a minimum $1,000,000 ( including construction loans ) where the borrower is putting at least 10% cash equity into the transaction and where the IRR ( internal rate of return ) going forward makes sense to the lender. For help with specific transactions please call me - Bob Harris at 888-843-2220.