Unique Capital Still Actively Lending
Unique Capital Commercial Lendingremains to lend on commercial mortgages despite the recent credit difficulties in the marketplace. With correspondent programs that go up to 75% Loan-To-Value and govnernment SBA / FHA programs exceeding 90% Loan-To-Value, Unique Capital LLC remains a strong source of commercial real estate loans. Apartment, Multifamily, Office, Retail, Industrial, Mixed-use, self-storage and hospitality lending is still being cultivated. Even in this tough environment, Unique Capital is actually able to structure SBA 7a and FHA/HUD loans up to 100% depending on the equity and collateral used for financing. A list of programs can be found on the unique-capital website with specific program parameters.
Unique Capital is also involved in the acquisition of distressed or discounted commercial mortgage notes. Due to a lack of liquidity in the market, many lenders (banks, insurance companies, pension funds, portfolio companies) are having to sell off assets to improve leveraged ratios. With a limited amount of money in the marketplace and an ever growing amount of assets available, the supply is greater than the demand; thus the ability to purchase assets at a sizeable discount.
As regulators and experts through 2007 and the beginning of 2008 advised that the credit crunch would lighten up towards the end of 2008 or early 2009; speculation now arises that the markets may not cool off and adjust properly until 2010 or 2011. Hedge Funds, Private Equity Groups and Private Investors are attempting to re-liquidate themselves in order to take advantage of near future opportunities. Where the trading of commercial mortgage notes previously that were performing didn't offer heavy yield components, they now do. The uncertainty in the credit markets have shown the possibility of an increased risk in the upcoming months and further discounts on performing as well as distressed assets.
Unique Capital's website is designed to give an abundance of information in regards to the commercial lending world, including glossaries, mortgage calculators for multifamily / apartment properties, office properties and retail properties, loan program information and commercial mortgage news.
Unique Capital has also chosen a construction partner for renovation projects on acquisitions or financing requests to help facilitate an efficient and reasonably priced scope. Genesis Environmental Construction, www.genesisec.com, is capable of providing renovation, new construction and environmental remediation for commercial properties. This joint-venture helps to ensure that issues don't rise up during the process which could hold the property owner hostage in any form of negotiation.
The commercial loan process is typically around 45 days. Documents to consider that are needed for the initial loan process would include, but not limited to, the following items:
Last 3 years of tax returns
Last 3 years of P&Ls
YTD Profits and Losses
Financial Statement on Borrowers
Balance Sheet on Business / Property
Pictures of the Building
Recent Appraisal if available
Executive Summary detailing details of structure
Application
Unique Capital is also involved in the acquisition of distressed or discounted commercial mortgage notes. Due to a lack of liquidity in the market, many lenders (banks, insurance companies, pension funds, portfolio companies) are having to sell off assets to improve leveraged ratios. With a limited amount of money in the marketplace and an ever growing amount of assets available, the supply is greater than the demand; thus the ability to purchase assets at a sizeable discount.
As regulators and experts through 2007 and the beginning of 2008 advised that the credit crunch would lighten up towards the end of 2008 or early 2009; speculation now arises that the markets may not cool off and adjust properly until 2010 or 2011. Hedge Funds, Private Equity Groups and Private Investors are attempting to re-liquidate themselves in order to take advantage of near future opportunities. Where the trading of commercial mortgage notes previously that were performing didn't offer heavy yield components, they now do. The uncertainty in the credit markets have shown the possibility of an increased risk in the upcoming months and further discounts on performing as well as distressed assets.
Unique Capital's website is designed to give an abundance of information in regards to the commercial lending world, including glossaries, mortgage calculators for multifamily / apartment properties, office properties and retail properties, loan program information and commercial mortgage news.
Unique Capital has also chosen a construction partner for renovation projects on acquisitions or financing requests to help facilitate an efficient and reasonably priced scope. Genesis Environmental Construction, www.genesisec.com, is capable of providing renovation, new construction and environmental remediation for commercial properties. This joint-venture helps to ensure that issues don't rise up during the process which could hold the property owner hostage in any form of negotiation.
The commercial loan process is typically around 45 days. Documents to consider that are needed for the initial loan process would include, but not limited to, the following items:
Last 3 years of tax returns
Last 3 years of P&Ls
YTD Profits and Losses
Financial Statement on Borrowers
Balance Sheet on Business / Property
Pictures of the Building
Recent Appraisal if available
Executive Summary detailing details of structure
Application
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