Sharestates, Inc.
Great Neck, NY
NMLS #1538766, CFL #60DBO-63030, AZ Mortgage Banker #0946263
Our Minimum Loan Amount Is
$100,000
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Sharestates is a national private, hard money lender. We offer financing solutions for a variety of needs and situations, including heavy rehab of commercial properties, residential fix and flips, ground-up construction, and rental loans. Our lending guidelines are flexible, including loan amounts ranging from $100k to $20M with a maximum LTV of 90% (purchase), 100% rehab, rates starting at 3.5%, and terms between 6 months and 30 years. The minimum credit rating required is 620. Sharestates provides loans for single family, multifamily, apartment, office, retail, and mixed-use properties.
Property Geographic Area Details
Nationwide except 4 states: NV, ND, SD, VT
Loan Amounts
$100,000 to $20,000,000
Interest Rates
3.5% to 12%
Max Loan-To-Value
90%
Max Loan-To-Cost
80%
Origination Fees
0.5% to 4.0%
Loan Terms
6 months to 120 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Tenant Occupied Partial
Minimum Occupancy Percentage
75%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Mixed-Use
- Multifamily
- Office
- Retail
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
- Commercial Property Value Add
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Commercial Long-Term
Specialty Loan Types
- Residential Long-Term Rental
- Partner Buyout
Purchase Loan
Max Loan-To-Purchase Price
80%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
- Family
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
80%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
5Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
2Max LTC for Ground-Up Construction Costs
80%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
10Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
Payment Structure Details
Most loans are Interest Only. Amortization only applied to long-term commercial and residential rental loans.Pre Payment Penalty
no
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
620Appraisal Required for Residential Property
Always Before FundingAppraisal Required for Commercial Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Legal Disclaimer
Sharestates Investments, LLC is licensed by the Department of Business Oversight, California Finance Lender #60DBO-63030. Arizona Mortgage Banker License #0946263. NMLS ID #1538766.
Sharestates is one of the fastest growing national private lenders focused on non-owner occupied residential and commercial properties. We create customized lending solutions for real estate investors and developers. We have successfully funded over $3 billion in projects nationwide and have the broadest loan programs available in the market with competitive pricing.
We fund loans from $100k to $20mm on residential (SFR 1-4), multi-family, mixed-use and commercial properties. Our loan programs include residential bridge, fix & flip, new construction, portfolio and rental loans. As your partner, we manage the servicing of all loans we originate through successful repayment to ensure your needs are met throughout the loan lifecycle.
We were founded by real estate veterans and our success is attributed to a strong leadership team, ease of use, sensible underwriting practices, and our relationship focused lending strategy. We partner with direct borrowers and brokers.
Sharestates is one of multiple related real estate businesses within our organization, that exist to accelerate the redevelopment of residential housing. Collectively, these unique capabilities allow us to provide an end-to-end solution for our customers. In doing so, we create a more positive borrower experience, better control credit risk and successfully monitor the loan through its entire lifecycle.
To learn more visit www.Sharestates.com.
License
NMLS #1538766, CFL #60DBO-63030, AZ Mortgage Banker #0946263
Year Established
2013
Associations
- Marketplace Lending Association - Member
- American Association of Private Lenders - Member
- Mortgage Brokers Association - Member
- Forbes Real Estate Council - Member
Office Locations
Sharestates45 North Station Plaza, Suite 400, Great Neck, NY 11021
Primary Capital Source
- Own Funds
- Other Private Lending Companies
- Private Equity Funds
- Hedge Funds
Alternative Capital Sources
- Individual Investors
- Crowdfunding
- Asset Management Companies
Loan Structure for Majority of Loans
- Own Balance Sheet
- Multiple Investor Fractionalized Note
- LLC Syndicated Investors
Alternative Loan Structures
- Table Funding with Capital Partner
- Table Funding with Bank
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Banking
- Residential Mortgage Banking
- Commercial Real Estate Investing
- Residential Real Estate Investing
- Real Estate Development
Percentage of Loans Secured by Commercial Property
14%
Percentage of Loans Secured by Residential Property
56%
Percentage of Residential Property Loans Which are Fix and Flip
57%
Percentage of Loans Secured by Land
4%
Total Number of Loans Funded to Date
1694
Total Loan Volume Funded to Date
$1,529,000,000
2017 Number of Loans Funded
546
2017 Loan Volume Funded
$531,311,000
2018 Number of Loans Funded
799
Michael Ramin
VP, Business Development (National)
Michael is the VP of Investor Relations and Business Development at the Atlantis Organization. Since taking over this position in 2012, Michael has created alliances with some of New York's largest developers and investors. Michael's clients alone have closed or developed over $300 million in projects in the last year. Prior to Atlantis, Michael managed over 4,000 commercial and industrial properties for the Metropolitan Transportation Authority. Further, Michael negotiated the acquisition and disposition of properties requisite to expanding and improving the transportation network for the MTA. Michael will use his knowledge & experience in the Sales/Marketing phase to procure investors and sponsors for the expansion of the site and company user base. In addition, Michael is spearheading the development of the Sharestates social media platform.
516-261-2999