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

70.00%

Max Loan-To-Cost

90.00%

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

90.00%

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 Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Crowdfunding
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

70.00%

Construction Loan

Interest is only charged on funds disbursed when the initial loan amount is $100K+. We lend on partially completed projects on a case-by-case basis.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

100.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

4

Works 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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will 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

Always

Credit Check Required

yes

Minimum Credit Score Required

500

Credit Check Description

Less than 620 FICO requires an Interest Reserve

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

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 11235

Primary 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

Matt Gulley

Loan Processor

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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

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

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how will the loan be paid off?

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