Direct Lender for Commercial Real Estate Investors

Sherpa Capital Group is a boutique private equity real estate firm specializing in originating bridge debt and equity investments secured by commercial properties in the Midwest, Southeast and Southwest regions. We will evaluate first, mezzanine and second mortgage loan requests for core and specialty properties, including land.

Property Geographic Area Details
Midwest, Southeast, Southwest
Loan Amounts
$750,000 to $5,000,000
Interest Rates
8% to 13%
Loan Terms
6 months to 24 months
Origination Fees
2% to 4%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Auto Dealership
  • Cannabis Dispensary
  • Car Wash
  • Child Day Care
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Bankruptcy Resolution
  • Cannabis Use Properties
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Line of Credit Portfolio of Properties
  • Note Purchase
  • Partner Buyout
  • Residential Long-Term Rental
  • Subdivisions

Junior Lien Loan Amounts

$250,000 to $3,000,000

Junior Lien Interest Rates

12% to 18%

Junior Lien Loan-to-Value

70%

Junior Lien Loan-to-Cost

70%

Junior Lien Origination Fees

2% to 4%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Mezzanine
  • Preferred Equity

Description

We can go up to 65% LTV for land development projects. If the loan is not for development of the land, the maximum LTV would be 50%.

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Retail Land
  • Hospitality Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

65%

Max LTC for Land Acquisition

65%

Junior Lien Types

  • Purchase
  • Refinance
  • Mezzanine
  • Preferred Equity
Borrower must have 20% cash down payment, or equity in another property.

Max Loan-to-Purchase Price

80%

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
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

3

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

80%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

70.00%

Deposit Required

The deposit covers due diligence costs and a site visit. It is not a profit center for us.

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Title Fee
  • Background Check Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
Pre Payment Penalty

no

Will lend to a foreign national

no

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

yes

Very selective with joint ventures. We only consider experienced operators.
Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

No minimum score

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

Get In Touch

Sherpa Capital Group pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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Sherpa Capital Group LLC (“Sherpa”) is a boutique private equity real estate firm which specializes in originating bridge debt and equity investments secured by commercial non-owner occupied real estate.

Sherpa was founded in 2010 to take advantage of the lack of credit in the real estate industry. Sherpa was founded by Principals combined with 35 years of experience in the real estate lending industry on the basis of providing innovative creative lending solutions, various product offerings, and exceptional service. ​

Sherpa has originated and funded over 350 transactions since 2010. Our entrepreneurial lending platform is built on creativity, execution and integrity.

Year Established

2010

Office Locations

Sherpa Capital Group, LLC
1070 N. Milwaukee, Chicago, Illinois 60642

Primary Capital Source
  • Own Funds
  • Family Offices
  • Bank Credit Line
  • Friends & Family
Alternative Capital Sources
  • Private Equity Funds
  • Bank Pledge of Individual Mortgages
Loan Structure for Majority of Loans
  • Own Balance Sheet

Our Team

Rahul V. Shah

Managing Principal

Ashish Parikh

Managing Principal

Get In Touch

Sherpa Capital Group pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$750,000

What We Do

  • Bridge & Value-Add Loans up to 80% LTC
  • Many Types of Commercial Real Estate
  • Cannabis-Use Properties
  • Land Development up to 65% LTV

Not Available

  • NO 100% Financing
  • NO Residential Properties
  • NO Ground-Up Construction Loans

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