The buyer had a unique strategy to acquire a Shopping Center and divest individual parcels as NNN pieces. Navigating the challenges of the Covid-19 landscape, securing financing for Retail, especially with roll-over leases in a tertiary market, proved to be quite a task. However, we’re thrilled to report that we managed to craft a loan structure for our client, providing the necessary leverage, competitive pricing, and a built-in release mechanism for parcel sales. Even in the face of these challenges, we successfully closed the deal in an impressive timeframe of under 45 days. 

In this loan, we facilitated a substantial cash-out provision with a tenant lease spanning 5 years. To address potential risks to the bank, we implemented a proactive measure by incorporating a 6-month interest reserve. Remarkably, the transaction was successfully funded and closed within a swift timeframe of 45 days.

A purchase loan for a Motel in Redway, California. In this loan, we had a borrower that had never purchased hospitality before and was buying their first motel that wasn’t flagged. They needed a bridge loan to complete the deal. Motel had long term and short term which made it a bit complex. We were able to provide a 24-month loan at 10% at 60% leverage and fund and close within 45 days.

This was a unique deal for a boutique hotel in San Diego. In this transaction, we had a borrower that purchased this hotel in 2018 for about $5,600,000 and the borrower put about $2,500,000 of improvements into the hotel. Covid hit and the borrower had trouble stabilizing with the restaurant Covid restrictions in CA. They were able to get going in 2021 and our financing was based on future stabilizing. We were able to give them a cash out refinance of over $1,000,000 and take out their hard money loan that was over 8%. Funded and closed within 65 days.

This was a business line of credit secured by a theater in West Hollywood. In this loan, we had a not for profit that was owning and operating one of the oldest theaters in Los Angeles. They needed a line of credit for rehabbing the property and business operations. The borrower was a client of a large institution however, the institution couldn’t accommodate this loan given its unique business and property type. We were able to come in and arrange a line of credit at prime + 0. Funded and closed in 60 days. This loan was unique because the borrower could use the money as they want, and we were able to make it through the environmental issues surrounding the property to ensure the property was clean.

In response to the developer’s urgent need for a cash infusion, we expedited the process and successfully funded and closed the transaction within an impressive timeframe of under 10 days.

This was a purchase loan and this was a unique deal in which the borrower didn’t have sufficient income to qualify. However, we have a program called Asset Depletion, that allows borrowers to qualify for their loan through their assets. If a borrower has more cash in the bank than the loan amount that they’re borrowing, we use that to qualify their ability to repay. In this scenario, we had a borrower who had over $2MM in the bank that was trying to buy this property. We used our Asset Depletion program to qualify to the $1,760,000 sellers’ agents and the other agents were giving us a hard time because they didn’t understand that we could get this transaction completed. We assured all parties that we would be able to get this done, funded, and closed in under 30 days.

This loan, addressed a borrower’s challenge in timing the sale of their existing property to purchase a new home. To align with their needs, we seamlessly transitioned from a traditional loan to a 12-month bank statement loan, introducing a co-borrower and offering leverage at 79% LTV. Notably, the transaction was efficiently funded and closed in less than 30 days.

In this loan, our clients sought a cash infusion to support another investment property. Demonstrating a comprehensive approach, we addressed the structure of both properties. This involved strategically arranging the paydown of debt to release the investment property, which was cross-collateralized with their primary residence. Through meticulous coordination, we successfully funded and closed the transaction concurrently with the sale of the investment property, achieving completion within a 30-day timeframe.

In this transaction, our client was acquiring a property within a tight timeframe, with funds sourced from a 1031 exchange. Despite the challenges associated with a short escrow period and the intricacies of a 1031 exchange, we collaborated closely with the borrower, navigated their income structures, and coordinated effectively with the lender. As a result of our strategic approach, we successfully funded and closed the transaction in a swift three-week timeframe.

In this scenario, the client held a favorable 30-year fixed mortgage with a low interest rate but required additional funds for future remodeling projects. Demonstrating our commitment to efficiency and client satisfaction, we navigated the transaction seamlessly, ultimately funding and closing within a swift three-week timeframe.

In this case, we facilitated a mid-construction second on a single-family residence, where the borrower was actively involved in rehabilitating the property. Recognizing the pressing need for an immediate cash infusion into the project, we executed a swift and efficient funding process, completing the loan in under two weeks. Despite the ongoing construction and potential mechanical lien issues, we successfully navigated the complexities to ensure a seamless transaction.

In this cash-out loan, we navigated the complexities associated with an investment fourplex held under an LLC with multiple borrowers and intricate income structures. The property’s ongoing remodeling and upgrades added further intricacies to the loan process. Despite these challenges, our team adeptly addressed various scenarios and situations, successfully funding and closing the transaction within an efficient 60-day timeframe.

In this transaction, the borrower acquired a property with two out of three units vacant for repositioning. The borrower, displaying a high level of sophistication, successfully collaborated with one of our portfolio lenders, establishing a strategic relationship that positively influenced pricing. Our team facilitated the process by coordinating with the bank, resulting in the successful funding and closure of the loan within a 90-day timeframe. The extended escrow period was necessitated by the tenants relocating from the property.

In this particular loan, our borrower faced the challenge of an existing loan with an impending adjustment to nearly 8%, coupled with an existing prepayment penalty. Through meticulous financial analysis and negotiations with the lender, we successfully facilitated a refinancing arrangement. This involved revising the borrower’s loan terms, securing a waiver for the prepayment penalty, and ultimately securing a more favorable package, including a lower interest rate, interest-only payments, and a cash-out option. The transaction was efficiently funded and closed within a swift 40-day period.

In this transaction, our client sought to purchase a vacant duplex devoid of any income, necessitating both rehabilitation and improvements. Given the property’s condition, it would typically warrant a hard money loan at a higher interest rate, around 8-9%. However, leveraging our relationship with one of our business banks, we successfully secured funding for it as a conventional loan.

Remarkably, despite the challenges posed by the property condition and the transaction occurring at the peak of year-end volume, we expedited the funding and closing process, accomplishing it within an impressive timeframe of under 3 weeks.

In this loan scenario, our borrower encountered challenges during the mid-construction phase of multifamily units. The existing lender fell short in providing sufficient funds to complete the project due to unforeseen circumstances. Complicating matters further, the property, located in Lake Tahoe, featured smaller units, posing complexity for lenders due to high rent per square foot.

Despite the intricate nature of the project, we successfully structured the loan to pay off existing debt and secured ample funds to cover the full construction holdback. This complex transaction, characterized by its challenges, was efficiently funded and closed within an impressive 40-day timeframe.

In this distinctive transaction, our borrower had recently acquired a property for approximately $2,000,000 and invested an additional $2,500,000 to $3,000,000 in its rehabilitation. Despite the property value being under $11,000,000, which typically restricts cash-out refinancing within a 12–24-month timeframe, we addressed the unique needs of the borrower.

With an existing debt of $4,700,000 on the property, we successfully executed a refinancing strategy, providing an additional $2,500,000 in cash-out funds. Remarkably, the transaction was efficiently funded and closed within an accelerated three-week period.

In this loan arrangement, our client presented a complex income structure involving multiple businesses with similar names, some of which were inactive and suspended. Having faced rejections from various lenders prior to approaching JDM Funding, we undertook a comprehensive approach. Our team collaborated with the borrower to streamline their income structure, coordinating closely with their CPA to organize financials effectively. The result was the successful funding of the loan within a 60-day period, which included providing the borrower with a substantial cash-out sum for debt consolidation and business investments.

For this loan, we worked with highly qualified borrowers, leveraging their income profile to secure a traditional 30-year fixed-rate mortgage while facilitating a cash-out option. Remarkably, the transaction was efficiently funded and closed within an impressive three-week timeframe.

In this loan, our client, a developer, undertook a comprehensive ground-up construction project after acquiring the property. To meet qualification requirements, we strategically utilized a combination of bank statements and rental income. Demonstrating efficiency and precision, the transaction was successfully funded and closed within a 45-day timeframe.

In this transaction, we structured a loan to pay off existing debt while the property was mid-construction, incorporating multiple ADUs in the back. The current income didn’t meet the full loan request, leading us to secure a $750,000 carryback with the lender until completion and leasing of units. Notably, we locked in the rate on the holdback funds despite market fluctuations. The closing involved funding $2,500,000, with a $750,000 holdback, and was successfully completed within a 60-day timeframe.

In this loan, our borrower held an existing loan burdened by an additional two years of prepayment penalty. Demonstrating adept negotiation skills, we engaged with the current lender to successfully secure the waiver of the prepayment penalty and establish a new, advantageous 10-year fixed-rate term. Notably, the transaction was efficiently funded and closed within an expedited 45-day timeframe.

In this challenging loan scenario, the borrower had overstated property expenses, necessitating a thorough review of income and expenses. Collaborating with underwriting, we successfully justified the addition of certain expenses to ensure property qualification. Complicating matters further, all tenants were on month-to-month leases, posing a challenge in securing a loan term from traditional banks.

Through effective coordination with the credit team and loan committee, we addressed these issues. Remarkably, we funded and closed the transaction within a swift 45 days, securing an interest rate at least 1.50% lower than any offered by other banks for this particular deal.

In this particular loan scenario, our client had initially purchased a cash-funded building, formerly a restaurant, and sought to refinance, extracting the entire amount in cash to replenish reserves. The transaction posed various challenges, including potential environmental concerns stemming from the property’s prior usage and the emergence of a declining income for the borrower mid-way through the process.

Despite these complexities, our team successfully navigated the intricacies related to income and property matters. Additionally, we strategically incorporated a provision of $300,000 for future tenant improvements. Notwithstanding the challenges, we effectively funded and closed the transaction within 120 days, acknowledging the intricate nature of the loan.

The purchaser had a precise strategy to acquire the Shopping Center and divest individual parcels as NNN investments. We successfully arranged a loan structure for our client, providing the necessary leverage, competitive pricing, a built-in release structure for parcel sales, and achieved a closing within an expedited timeframe of under 45 days. The tenant roster comprises a diverse mix of medical and retail entities, ranging from UC Davis to prominent brands such as Starbucks, Rubio’s, and Panera Bread.

Successfully facilitating the acquisition of a $35,000,000 shopping mall in New Orleans presented a unique challenge, given the intricacies of the buyer’s strategy to sell individual parcels as NNN investments. Securing financing for retail properties, particularly those with rollover leases in tertiary markets, has proven to be a formidable task. However, we achieved a notable milestone by structuring a loan for our borrower with an impressive 75% leverage, an accomplishment considered nearly unattainable in the current market conditions. The financing package also includes favorable pricing, a release structure tailored for parcel sales, and a swift closing timeline of under 45 days.

The loan was facilitated for a borrower acquiring a $36,000,000 retail center in West Sacramento, with plans to gradually sell individual parcels. Securing financing for retail properties, particularly those with rollover leases in secondary markets, can be challenging in the current economic climate. However, a structured loan package was devised to support the deal, including provisions for interest reserves, future tenant allowances and leasing commissions (TILC), release clauses, and achieving a 75% leverage (75% Loan-to-Cost), a significant accomplishment given the market conditions. Special thanks to Brett Visintainer of the Visintainer Group, as well as Eric Kathrein and Tom Gilliland of JLL for their hard work and contributions in closing this transaction.

Purchase bridge loan for the Atwater Marketplace in Atwater, CA. The buyer had a very specific plan to buy the Shopping Center and sell off individuals parcels as NNN pieces. Given the Covid 19 environment, lending for retail has been very difficult, especially for properties with roll over leases located in a tertiary market. I was able to secure a loan structure for our borrower that got the leverage needed, excellent pricing, release structure built in for parcels as they are being sold, and close in under 45 days. This is now the second purchase financing we have arranged in the Central Valley in the last 18 months.