Sherpa Capital Group

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.

Multifamily & CRE Bridge Loans
Multifamily & CRE Value-Add Projects
Cannabis-Use Industrial Properties
CRE Development (very selectively)
Fix and Flips (Chicago and other selective markets with experienced sponsors)

Property Geographic Area Details

Midwest, Southeast, Southwest

Loan Amounts

$500,000 to $10,000,000

Interest Rates

9% to 13%

Loan Terms

6 months to 24 months

Origination Fees

2% to 4%

Lien Position

1st, 2nd

What we do:

Bridge & Value-Add Loans up to 80% LTC

Many Types of Commercial Real Estate

Cannabis-Use Properties

Rural Locations

What we don’t consider:

100% Financing

Residential Properties

Credit Check Required

yes

No minimum credit score required.

Prepayment Penalty

Typical Closing Time (Days)

Maximum Leverage

Purchase Short-Term (no Value-Add)

Max LTP Multifamily: 80%

Max LTP Commercial: 80%

Max LTP Land: 40%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Multifamily: 75%

Max LTV 1st Lien Commercial: 75%

Max LTV 1st Lien Land: 40%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Multifamily: 70%

Max LTV 1st Lien Commercial: 70%

Max LTV 1st Lien Land: 35%

Multifamily Value-Add

Max LTP: 80%

Max LTC: 80%

Max LTARV: 75%

Commercial Value-Add

Max LTP: 80%

Max LTC: 80%

Max LTARV: 75%

Multifamily Construction

Max LTP Land: 65%

Max LTC: 75%

Max LTCV: 70%

Commercial Construction

Max LTP Land: 65%

Max LTC: 75%

Max LTCV: 70%

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

Multifamily Bridge
Multifamily Rehab
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
Residential Short-Term Rental
Subdivisions
Vacation Rental

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%. We are extremely selective with development deals.

Land Types Considered

Residential Land
Multifamily Land
Industrial Land
Retail Land
Hospitality Land

Will Consider Land That is NOT Entitled

Max LTV for Land

50%

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

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

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

Maximum After Repair Value

70%

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

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve
No Monthly Payments Required

Will lend to a foreign national

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

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

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

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

Contact Sherpa Capital Group

Sherpa Capital Group pays us to be listed, so there is no fee to connect with them directly.

708-787-XXXX

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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.