Quick Closings for Investment Property Bridge Loans Nationwide

  • Direct Lender – We Are Not Brokers
  • Loan Amounts: $500,000 to $25 Million
  • Urban & Suburban Markets Nationwide (except Nevada)
  • Property Types: Commercial, Industrial, Multifamily, Retail, Hotels, Office
    • Will consider high-end residential investment properties
  • No Owner-Occupied Homes
  • No Vacant Land
  • No Ground-Up Construction
  • Brokers Protected

Property Geographic Area Details

Nationwide in urban/suburban markets with population of 50,000+ (excluding Nevada)

Loan Amounts

$500,000 to $25,000,000

Interest Rates

8.99% to 9.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

70.00%

Origination Fees

2% to 4%

Loan Terms

0 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project

Property Occupancy

  • Vacant
  • 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
  • Adult Day Care
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Car Wash
  • Casino
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Community Center
  • Condominium
  • Cooperative
  • Equestrian
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Rehab and Rent

Specialty Loan Types

  • Residential Long-Term Rental
  • Note Purchase
  • Partner Buyout
  • Discounted Note Payoff
  • Bankruptcy Resolution
  • Foreclosure Bailout
  • Debtor in Possession

Purchase Loan

Max Loan-To-Purchase Price

70.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Crowdfunding
  • Family

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

70.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

15

Maximum After Repair Value

70.00%

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

14

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes
Negotiable for loan amounts over $5MM

Credit Check Required

yes

Minimum Credit Score Required

650

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$2,500.00 to $75,000.00

Fees which are mandatory for all new borrower clients

  • Deposit
  • Legal Fee
  • Appraisal Fee
  • Title Fee
  • Credit Report Fee
  • Background Check Fee
  • Environmental Report Fee
  • Renovation or Construction Funds Draw Fee

Fees which are charged upfront prior to loan closing

  • Deposit
  • Appraisal Fee
  • Credit Report Fee
  • Background Check Fee

Fees which are paid to a third party company

  • Legal Fee
  • Settlement Fee
  • Escrow Fee
  • Title Fee

Additional Details

Loans secured by property in California will be brokered by Avatar Specialty Finance, Inc., CA DRE Broker License 02077503.

Avatar Financial Group is a quick response commercial hard money lender. Founded in 2003, we provide real estate loans that don’t meet bank standards, and offer solutions for borrowers who don’t have time to wait. While the current market has created a lack of credit availability for real estate investors and small business owners, we are positioned to meet the market needs and expand our portfolio without the regulatory constraints that large banks and institutional lenders are now facing. Our average closing time is 2-3 weeks from receipt of a completed application.

Experience, dedication and integrity guide us in serving our clients
Avatar has earned a reputation for our honest, straightforward approach, and our staff is dedicated to providing smooth, successful transactions for our valued borrowers and brokers.

Loans secured by property in California will be brokered by Avatar Specialty Finance, Inc., CA DRE Broker License 02077503.

Company Size (Number of Employees)

10

Year Established

2003

Office Locations

Avartar Financial Group
1200 Westlake Ave N STE 1006, Seattle, Washington 98109

Primary Capital Source

  • Debt Fund We Manage

Alternative Capital Sources

  • Debt Fund We Manage

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

90%

Percentage of Loans Secured by Residential Property

10%

Percentage of Residential Property Loans Which are Fix and Flip

5%

Percentage of Residential Property Loans Which are Buy and Hold

5%

2017 Number of Loans Funded

26

2017 Loan Volume Funded

$45,200,000

2018 Number of Loans Funded

36

2018 Loan Volume Funded

$73,910,000

Dave Siegrfried

Director of Origination

Jerry Zevenbergen

CEO

TR Hazelrigg

President

Completed Transactions

Avatar Financial Group

Private Loan Funding
Santa Monica, CA
$4,325,000
Office

Refinance

Avatar Financial Group

Private Loan Funding
Rancho Murieta, CA
$1,500,000
Retail

Equity Cash Out

Avatar Financial Group

Private Loan Funding
New Mexico, NM
$1,000,000
Multifamily

Refinance

Avatar Financial Group

Private Loan Funding
Bend, OR
$3,250,000
Hostel

Equity Cash Out

Avatar Financial Group

Private Loan Funding
Lima, OH
$30,000,000
Portfolio of Commercial Properties, Student Housing

Refinance

Avatar Financial Group

Private Loan Funding
Dayton, OH
$1,400,000
Retail

Purchase

Avatar Financial Group

Private Loan Funding
Irwindale, CA
$9,000,000
Office

Refinance

Avatar Financial Group

Private Loan Funding
Baytown, TX
$3,400,000
Multifamily

Equity Cash Out

Avatar Financial Group

Private Loan Funding
New London, CT
$2,800,000
Hotel

Refinance

Avatar Financial Group

Private Loan Funding
Oakland, CA
$4,000,000
Industrial

Purchase

Avatar Financial Group

Private Loan Funding
Glendale, CA
$6,500,000
Hotel

Equity Cash Out

Avatar Financial Group

Private Loan Funding
Vineland, NJ
$19,000,000
Hotel, Office, Retail

Refinance

Avatar Financial Group

Private Loan Funding
Brooklyn, NY
$3,400,000
Multifamily

Refinance

Avatar Financial Group

Private Loan Funding
Bellevue, WA
$5,800,000
Single Family Residence

Refinance

Before You Contact Us

Our Minimum Loan Amount Is

$500,000

What We Do

  • Lending in all US states except Nevada
  • LTV up to 70%
  • 30% Cash Payment Required for Acquisitions
  • Purchase, Refinance, Value-Add
  • Will Consider Luxury Residential Property

Not Available

  • NO Land Loans
  • NO Ground-Up Construction
  • NO 100% Financing
  • NO Junior Liens

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

Image
1
Add
1
acres

Add links to photos here.

Photo Link
1
Add
Add

Add links to documents, photos, etc.

Attachment Link
1
Add
Before You Contact Us

Our Minimum Loan Amount Is

$500,000

What We Do

  • Lending in all US states except Nevada
  • LTV up to 70%
  • 30% Cash Payment Required for Acquisitions
  • Purchase, Refinance, Value-Add
  • Will Consider Luxury Residential Property

Not Available

  • NO Land Loans
  • NO Ground-Up Construction
  • NO 100% Financing
  • NO Junior Liens