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Exceptional Commercial Lender for California, Texas and Washington
If you get turned down for a secured loan from a conventional lending source, we’re here to help you in any way we can with our efficient financial services. We provide quick responses to your loan applications, so you can quickly determine whether you qualify for a minimum loan amount of $500,000 and up to $3,000,000 within a few business days. ATG Capital works closely with borrowers to assist them with first and second position loans and Bridge loans they may require, which can be up to 70% of the value of their collateral.
Property Geographic Area Details
California, Texas, Washington
Loan Amounts
$500,000 to $3,000,000
Interest Rates
9% to 13%
Max Loan-To-Value
65.00%
Max Loan-To-Cost
70.00%
Origination Fees
2% to 4%
Loan Terms
12 months to 24 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Invest in a Business
- Business Working Capital
- Value Add Project
Property Occupancy
- Tenant Occupied 100%
- Owner Occupied Commercial
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
- Commercial Property Ground Lease
Property Types
- 2-4 Units Residential
- Assisted Living Facility
- Cannabis Grow Facility
- Commercial Condominium
- Industrial
- Mixed-Use
- Mobile Home Park
- Motel
- Multifamily
- Office
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Retail
- Senior Housing
- Single Family Residence
- Student Housing
- Vehicle Parking
Loan Types
- Commercial Property Value Add
Purchase Loan
Max Loan-To-Purchase Price
65.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Seller Financing
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
3Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
80.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
5Details and Requirements
Typical Closing Time (Days)
7Fastest Closing Time (Days)
4Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
yes
6 months to 12 monthsWill lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
600Appraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Deposit Required
$1,000.00 to $2,000.00
Deposit will be used towards out-of-pocket lender expenses including due diligence studies. In the event the loan is not consummated, balance will be refunded to the prospective Borrower.
Site Visit Fee
$150.00 to $500.00
We visit the site for loans over $700,000
Underwriting Fee
$895.00 to $1,195.00
Processing Fee
Documents Fee
usually $1,000
Legal Fee
Lender Legal Fee
Inspection Fee
Escrow Fee
Environmental Report Fee
for commercial properties, we will ask for a Phase I report.
Fees which are mandatory for all new borrower clients
- Deposit
- Due Diligence Fee
- Underwriting Fee
- Processing Fee
- Documents Fee
- Legal Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
- Credit Report Fee
Fees which are charged upfront prior to loan closing
- Due Diligence Fee
- Site Visit Fee
- Underwriting Fee
- Documents Fee
- Legal Fee
- Appraisal Fee
- Credit Report Fee
Fees which are paid to a third party company
- Site Visit Fee
- Legal Fee
- Appraisal Fee
- Inspection Fee
- Escrow Fee
- Title Fee
- Credit Report Fee
Legal Disclaimer
Every loan will be evaluated on its own merits and so, there may be some variations in the criteria of determining the terms specific to every loan.
Additional Details
Buyer is required to fill out forms which we have on line as well. The forms include borrowers’ commercial loan application 1003, Recent Appraisal (if not available, we will accept a BPO or perform our own valuation for the collateral); Borrowers narrative explaining the purpose of the loan; borrower credit application; Authorization to Release information; Personal Financial Statement; Business Loan Application, Schedule of Real Estate and Rent Roll (in case of Commercial Real Estate collateral). All the forms can be downloaded from our website. After receipt and review of the completed forms, we will schedule an interview with the borrower to discuss the loan terms. The loan officer will discuss the loan with Manager, ATG attorney and other professionals (i.e. real estate brokers) to properly assess the risks and the stability of the collateral. In the event the loan is determined to be favorable, the primary officer will prepare a letter of intent, listing all terms and conditions of the loan, for borrower’s approval. After receiving written approval of the terms from the borrower, the primary loan officer will underwrite the file and present the completed file along with his/her recommendations to the principle shareholders. If loan terms are acceptable to Manager, loan officer will convey a conditional loan approval to the borrowers and ask for necessary deposits to advance loan package to our attorney. ATG attorney will then prepare all pertinent loan documents for borrower.
ATG Capital has been involved in Real Estate acquisition and development since 1981. Our team owns and operates income properties in California, Nevada, Arizona, Colorado and Texas. We have funded many private money loans for real estate investors over the years.
Loans are made or arranged by Austin Tarzana Group, LLC pursuant to California Finance Lenders Law license #60DBO77954.
License
CFL Lic. 60DBO77954
Year Established
2015
Office Locations
ATG Capital5567 Reseda Boulevard, Suite 318, Tarzana, California 91356
Primary Capital Source
- Own Funds
- Bank Credit Line
Alternative Capital Sources
- Friends & Family
- Bank Pledge of Individual Mortgages
- Asset Management Companies
Loan Structure for Majority of Loans
- Own Balance Sheet
Alternative Loan Structures
- One Investor One Loan
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Residential Mortgage Banking
- Business Finance
Percentage of Loans Secured by Commercial Property
30%
Percentage of Loans Secured by Residential Property
70%
Percentage of Residential Property Loans Which are Fix and Flip
10%
Percentage of Residential Property Loans Which are Buy and Hold
90%
Percentage of Residential Property Loans Which are Owner-Occupied
20%
Bobby Younessi
Manager
Senior UnderwriterBobby Younessi has been involved in Real Estate acquisition and development since 1981. He has been involved in all aspects of the industry including development of custom home, development of commercial retail Centers, owning and operating income and commercial Properties. Our team owns and operates income properties in California, Nevada, Arizona, Colorado and Texas.
License InformationCalifornia Lender License - 60BDO77954