New Wave Loans
New Wave Loans is a Florida-based direct balance sheet lender providing hard money financing for residential and commercial real estate investors and developers. The company offers bridge, fix-and-flip, construction, land, rental and commercial loans and services its portfolio in-house.
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New Wave Loans’s Lending Activity
Data Provided By Elementix
12mo Loan Volume
$539,859,030
12mo Loan Count
116
Total Loan Volume
$3,714,579,763
Average Loan Size
$2,494,681
Loan Count by State (Past 12 Months)
FL: 82, CA: 32, TX: 1, NY: 1
Company Quick Facts
- Headquarters: North Miami Beach, Florida
- Founder: Joel Eidelstein
- Company Type: Direct private real estate lender and balance sheet lender
- Capital Model: Lends its own capital and retains loans on its balance sheet rather than syndicating or selling them
- Geographic Focus: Primarily Florida, with a particular focus on South Florida
- Loan Volume: More than $3 billion funded across 1,200+ loans
- Loan Types: Bridge, fix-and-flip, rental property, construction, land, commercial and residential investment property loans
- Commercial Property Types: Hospitality, retail, office, industrial, strategic infill land, mobile home parks, note purchases, blanket loans and residential or commercial construction
- Residential Focus: Second homes and investment properties; primary residences are not financed
- Commercial Loan Size: $200,000 to $50 million
- Commercial Maximum Leverage: Up to 65% LTV
- Commercial Loan Term: 1 to 3 years
- Commercial Pricing: Adjustable rates advertised as low as 8.75%, with points starting at 1.75%
- Prepayment Penalty: None on the commercial loan program
- Borrower Profile: Real estate investors and developers, including domestic investors and foreign nationals
Office Locations
3323 NE 163 Street, #PH704 , North Miami Beach, FL 33160
Our minimum loan amount is $0
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