Quick Closings for Investment Property Bridge Loans Nationwide

  • Direct Lender – We Are Not Brokers
  • Loan Amounts: $500,000 to $30+ Million
  • Urban & Suburban Markets Nationwide (except Nevada)
  • Property Types: Commercial, Industrial, Multifamily, Retail, Hotels, Office, 1-4 Unit Residential Investment
  • No Owner-Occupied Homes
  • No Vacant Land
  • No Ground-Up Construction
  • Brokers Protected

Property Geographic Area Details

Nationwide except Nevada

Loan Amounts

$1,000,000 to $30,000,000

Interest Rates

7.99% to 9.99%

Max Loan-To-Value

80.00%

Max Loan-To-Cost

90.00%

Origination Fees

1% to 4%

Loan Terms

0 months to 36 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%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
Minimum Occupancy Percentage

0%

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

90.00%

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

75.00%

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

Credit Check Required

yes

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

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.)

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Requested loan amount divided by the purchase price + rehab/construction costs

%

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

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

$
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Requested loan amount divided by the purchase price + rehab/construction costs

%

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

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