Busienss Growth Capital offers a wide range of customized products to meet the needs of
commercial real estate borrowers nationwide. We will take you through
the loan process step-by-step and get you fast, flexible funding when
you need it most.
Our innovative loan programs here and abroad include
bridge, mezzanine, land and construction loans, as well as
sale-leasebacks and security-backed loans. For more information on these
loan categories, please click on the links below.
|Bridge Loans |Mezzanine |Hard Equity |Construction Loan |Land Loan |Sale-Leaseback
If a first mortgage falls short and your current lender won’t allow
subordinate financing, it may be time to step up to the Mezzanine.
BGC’s Mezzanines are fast-closing commercial equity loans that can be structured as short-term, interest only instruments.
Available with or without equity participation, these loans start as low as $1,000,000.
PROPOSALS QUOTED WITHIN 24 HOURS
Acquisition, Construction, Restructuring and Refinancing
LOAN AMOUNT: $1,000,000 and up
BORROWER: Management and/or
ownership should be experienced. Past or present credit problems,
including Chapter 11 or Chapter 7 bankruptcies are workable.
LOAN TERM: 1 to 5 years, interest only.
PREPAYMENTS: Loans may be prepaid at any time after the first anniversary of the loan with no prepayment penalties.
INTEREST RATE: A preferred interest rate typically priced at 12% to 15%.
COLLATERAL: Pledge of the stock
of the borrowing entity, second mortgage on the real estate (if
permissible), improvements and equipment. Office, recreational, medical,
warehousing, manufacturing, hospitality (hotels/motels) or industrial
properties. Typically income producing, located anywhere in the USA and
in select countries around the world.
L-T-V RATIO: Up to 90% of the As-Is Value by independent third party MAI appraisal when combined with the first mortgage.1
DSC RATIO: Typically, a minimum of 2.0 of Excess Cash 2 over mezzanine debt service.
USE OF LOAN: Proceeds may be
used for land development, real estate acquisition, construction costs,
equipment, working capital, closing costs, cash-out, etc..
PROCESSING: Approvals within 24 hours, commitments within 48 hours, and closings in as little as 14 business days.
EXIT FEE: In lieu of equity, a fee of 5% to 10% of the loan amount.
OTHER FEES & COSTS: Application Fee: $10,000 - $25,000 -- NON-REFUNDABLE if Loan Commitment is in compliance with lender’s Letter of Interest.
Commitment Fee: 3% of Loan Amount.
SUBMISSIONS: Property and
area description • Three years operating statements • Sources and use of
proceeds statement • Information on existing debt • Borrower’s
financial statements • Schedule of all proposed capital expenditures •
Appraisal, if available
1 As-Is Value defined as a cash sale within a 180-day marketing period
2 Excess cash: NOI – 1st mortgage debt service
