917 Realty LLC assists clients with the sourcing of debt and equity for commercial real estate projects of all sizes. Our firm brings its extensive knowledge of the capital markets in order to assist investors in securing project financing, permanent loans, and equity investments of all kinds. Private loans for all types of real estate projects is also available to qualified investors. Through our high level of expertise and long standing relationships, 917 Realty is able to craft creative capital solutions, custom tailored to the various needs of our clients. Reach out today for a FREE consultation!
Permanent Loans are typically made on a fixed rate basis to stabilized properties. This debt has the lowest interest rates, mainly due to the stabilized nature of the collateral. Depending on loan size and collateral, non-recourse debt may be available. Many different lenders focus on these types of loans. We have relationships with all of these lenders including local banks, life insurance companies, CMBS lenders, finance companies, and private lenders.
Transitional Loans are typically made on a floating rate basis to transitional properties. This debt usually carries the highest interest rates, mainly due to the increased risk relating to the sponsor's business plan. Construction loans are a type of transitional loan, but are a bit more complicated due to increased future funding components subject to a draw schedule. Most of these loans are recourse to the borrower. On a relative basis, there far fewer lending options, as outside a trophy asset in a gateway city, lending is typically concentrated with local banks and finance companies.
Private Loans are typically made to borrowers that are unable to get financing from a traditional source. There could be a variety of reasons including lack of financials, a previous bankruptcy and foreclosure, or low credit score, but other times it could simply be due to liquidity needs. These loans are almost always recourse to the borrower. The interest rate on these loans are the highest available in the market and include higher origination fees.
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