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Direct Lenders for Residential & Multifamily Property Investors
At Express Capital Financing we are direct lenders that have extensive experience with providing funding for acquisition & Rehab projects as well as Bridge financing. Our loan program allows for flexibility and quick access to capital that is in line with our swift underwriting procedures. We lend on loan sizes up to $10,000,000 on a 1 to 2 year short-term loans.
WHAT WE OFFER: Collateral based loans, up to 90% of the acquisition and 100% of the renovation cost, Closing Within 10 days, Not Credit Sensitive, Commitment In 48 Hours, Underwrite and Fund In-House.
- Quick closings
- Single Family, 2-4 Units, Multifamily (up to 30 units)
- Foreclosures, Auctions – Short sales are our specialty
- Construction ground-up for single-family home and multifamily up to 10 units
- Minimum loan $75,000
- Nationwide lenders
Property Geographic Area Details
Nationwide except MN, ND, NV, SD, VT, WV
Loan Amounts
$75,000 to $10,000,000
Interest Rates
8% to 12%
Max Loan-To-Value
70%
Max Loan-To-Cost
90%
Origination Fees
1% to 4%
Loan Terms
12 months to 36 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
Property Types
- 2-4 Units Residential
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
Purchase Loan
Max Loan-To-Purchase Price
90%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
- Crowdfunding
- Family
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
3Maximum After Repair Value
70.00%Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
100%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
4Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
500Credit Check Description
Less than 620 FICO requires an Interest ReserveAppraisal Required for Residential Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
SometimesFees
Underwriting Fee
$0 to $1,495.00
Legal Fee
$995-$1550
Fees which are mandatory for all new borrower clients
- Underwriting Fee
- Legal Fee
Fees which are paid to a third party company
- Appraisal Fee
Express Capital Financing was founded by Father and Son, Martin and David Chera. With the knowledge and experience of Martin’s thirty plus years in the business industry, and David’s youthful ambition, this power duo was able to grow their company extensively in a short amount of time. We are a direct nationwide lender of bridge/hard money financing as well as small and large balance commercial mortgages.
At Express Capital Financing our advisors engage in a solutions-focused, consultative approach. We understand each client’s specific needs and goals and present the best approach to satisfy the client’s requirements. Express Capital Financing possess a unique market knowledge that is critical in today’s complex and volatile environment. Express Capital Financing’s integrity, relationships and our determination are uniform in every transaction in which we participate.
Company Size (Number of Employees)
12
Year Established
2015
Associations
- American Association of Private Lenders
- Greater New York Chamber of Commerce
- Brooklyn Chamber of Commerce
Office Locations
2625 East 14th Street, Suite 209, Brooklyn, New York 11235Primary Capital Source
- Own Funds
- Bank Credit Line
- Hedge Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
- Table Funding with Bank
Alternative Loan Structures
- Table Funding with Capital Partner
Percentage of company’s lending business focused on private mortgage
80%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Banking
Percentage of Loans Secured by Commercial Property
10%
Percentage of Loans Secured by Residential Property
80%
Percentage of Residential Property Loans Which are Fix and Flip
80%
Percentage of Residential Property Loans Which are Buy and Hold
30%
Percentage of Commercial Property Loans Which are Ground-Up Construction
10%
Percentage of Residential Property Loans Which are Ground-Up Construction
15%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
20%
Total Number of Loans Funded to Date
750
Total Loan Volume Funded to Date
$200,000,000
2017 Number of Loans Funded
130
2017 Loan Volume Funded
$80,000,000
2018 Number of Loans Funded
250
2018 Loan Volume Funded
$60,000,000

Martin Chera
President

Max Chera
Loan Officer

David Chera
Senior Vice President

Simon Rishty
Loan Officer

Patricia Cooper
Loan Officer

Morris Bijou
Loan Officer

Ezra Tawil
Loan Officer

Mark Marchi
Loan Officer

Paul Pierro
Loan Officer

Michael Young
Loan Officer

Odie Ayaga
Loan Officer

Salomon Sanchez
Loan Processor

Natasha Rampersaud
Loan Processor
