All Forum Posts by: Brock Freeman

Try this site Certified Building Inspectors | Commercial Property Inspector - CCPIA

We are excited to let you know that Kirkland Capital Group's Loan Fund has reached $10,000,000 AUM.

- Loan Amounts up to $1.2 million and 80% LTV — purchase and cash-out

   - 1 to 12 months interest only, extensions available

   - Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail

   - Cannabis-related OK; motel conversions OK

- Seller contributions OK; no min DSCR

   - Rapid closing, BPO valuation only

Kirkland Capital Group's private portfolio micro-balance Commercial Real Estate bridge loan program allows individuals and companies to secure a commercial real estate property finance.

• - Loan Amounts up to $1.2 million and 80% LTV — purchase and cash-out
• - 1 to 12 months interest only, extensions available
• - Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• - Cannabis-related OK; motel conversions OK
• - Seller contributions OK; no min DSCR
  
• - Rapid closing, BPO valuation only

Kirkland Capital Group's private portfolio micro-balance CRE bridge loan program offers the most flexible solution when you require short-term finance to buy a commercial real estate property.

• Loan Amounts up to $1.2 million and 80% LTV — purchase and cash-out
• 1 to 12 months interest only, extensions available
• Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• Cannabis-related OK; motel conversions OK
• Seller contributions OK; no min DSCR
• Rapid closing, BPO valuation only
  
  

We love secondary and tertiary markets. 

Ask your favorite loan broker about Kirkland Capital Group's private portfolio micro-balance CRE bridge loan program.

• Loan Amounts up to $1.2 million and 80% LTV — purchase and cash-out
• 1 to 12 months interest only, extensions available
• Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• Cannabis related OK; motel conversions OK
• Seller contributions OK; no min DSCR
• Rapid closing, BPO+ valuation only

We will fund with a property valuation from Clear Capital only, usually in two weeks or less to get the valuation. 

Ask your favorite loan broker about Kirkland Capital Group's private portfolio micro-balance CRE bridge loan program.

• Loan Amounts up to $1 million and 80% LTV — purchase and cash-out
• 1 to 12 months interest only, extensions available
• Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• Cannabis related OK; motel conversions OK
• Seller contributions OK; no min DSCR

For a purchase, we (and some other hard money lenders I've spoken with) would want to see at least two years of experience with 1-4 unit rentals, or at least fix-n-flips; or at least one year of commercial real estate investment ownership experience. Depending on the type of property, you will need 20-40% down payment, plus your closing costs and a few months of pre-paid interest (closing costs and pre-paid interest can be paid by the seller if you can negotiate that). In addition, you would need around 6 months reserves. If you are planning on renovations, of you will need to show money for that as well. While second liens / seller carry is not allowed, money from borrowing off another property is OK. 

Some of the decision around reserves and pre-paid interest are driven by the condition or vacancy of the property. Fully leased / good condition = less risk = less reserves / PPI (but usually less possible profit for you). Property issues + vacancies = more risk = more reserves (but much more potential profit for you as you renovate and lease it up).

There are some commercial lenders whom would consider your ownership of mobile homes to count as real estate investment for the purpose of getting a commercial real estate mortgage (we would do so). 

However, there are other considerations. First, you were going to have to come up with at least 20 to 25% down payment for a commercial property. Second, you will likely not qualify with a long-term, low rate, lender. Instead you will likely need to go with a hard money lender to get started, and then refinance to a long-term low rate mortgage. 

I don't say these things to discourage you, only to give you a heads up that CRE is a different game with different rules. There is certainly lots of money to be made in this space, otherwise we wouldn't be in business ourselves.

Good luck to you whatever you decide to do.

Lots of us bridge and Hard money commercial real estate lenders out there. Although in this microbalance, under $1 million loan amount, there’s not quite that many.

If one is really looking at lower risk, capital preservation, then one might want to look lower on the capital stack. Equity will always be more risk than debt. Funds backed by first lien debt on cash flowing commercial Real Estate at lower LTVs fits that. There are a number of high yield debt funds that would work. Verivest.com is a good place to filter down on those.