Creative Direct Lender for Property Investors Nationwide

Tideway Capital Group (TCG) offers a variety of loan programs to property investors. TCG will finance land acquisitions, ground-up construction, rehab/renos and bridge loans. We primarily focus on multifamily mortgages, but we also lend on office, retail and industrial properties. The majority of our balance sheet holds senior position loans, however, we can provide mezzanine financing solutions as well.

Since we are a balance sheet lender, we are not bound by multiple layers of approval. We can, therefore, approve loan applications in a timely manner and close in as soon as a week.

Property Geographic Area Details

Nationwide

Loan Amounts

$1,000,000 to $30,000,000

Interest Rates

8% to 12%

Max Loan-To-Value

75%

Max Loan-To-Cost

85%

Origination Fees

1% to 3%

Loan Terms

12 months to 24 months

Lien Position

  • 1st
  • 2nd

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
  • Owner Occupied Commercial
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction
  • Mezzanine

Specialty Loan Types

  • Land Development
  • Partner Buyout
  • Discounted Note Payoff

Junior Liens

Junior Lien Loan Amounts

$500,000 to $10,000,000

Junior Lien Interest Rates

10% to 16%

Junior Lien Loan-to-Value

90%

Junior Lien Loan-to-Cost

95%

Junior Lien Origination Fees

2% to 4%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine

Land Loan

Description

NO rural areas, agricultural properties or cannabis-use land.

Land Types Considered

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

Will Consider Land That is NOT Entitled

no

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Gas
  • Water
  • Communication

Max LTV for Land

65%

Max LTC for Land Acquisition

60%

Purchase Loan

Max Loan-To-Purchase Price

70%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property

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

80%

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

70.00%

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

no

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC

Documentation Required

  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

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

Fees

Deposit Required

$2,500.00 to $0

Legal Fee

Borrower pays Lender's legal fee.

Extension Fee

In the event Borrower requires an extension on term, there will be a pre-negotiated fee.

Fees which are mandatory for all new borrower clients

  • Deposit
  • Legal Fee

Fees which are charged upfront prior to loan closing

  • Deposit

Tideway Capital Group (TCG) is a middle-market boutique commercial mortgage lender, with a focus on funding senior secured loans in the New York Metropolitan area.

Since its launch in 2010, TCG has originated and advanced more than 500 loans in excess of $750 million.

Given the fact that many of the opportunities TCG originates are time-sensitive in nature, TCG has demonstrated to its borrowers the ability to underwrite and approve loans quickly, while never deviating from TCG’s meticulous underwriting standards.

Year Established

2010

Office Locations

55 Northern Boulevard, Great Neck, New York 11021

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

90%

Percentage of Loans Secured by Residential Property

10%

Percentage of Residential Property Loans Which are Fix and Flip

10%

Percentage of Residential Property Loans Which are Buy and Hold

20%

Percentage of Loans Secured by Land

30%

Percentage of Commercial Property Loans Which are Ground-Up Construction

30%

Total Number of Loans Funded to Date

500

Total Loan Volume Funded to Date

$750,000,000

Joshua Amini

Managing Partner

Mr. Amini directs the firm’s large loan platform, overseeing the origination, underwriting and transactional stages of the loan process. Since joining TCG, Mr. Amini has helped grow the firm’s lending program and investor base. Mr. Amini serves on TCG’s investment committee as well, helping shape the company’s investment strategy. Mr. Amini is a former Vice President with CB Richard Ellis’ Consulting Practice, where he advised his clients on the economics and deal structuring of their commercial real estate transactions. Prior to joining CBRE, Mr. Amini was an analyst in the Real Estate Finance group at Credit Suisse First Boston, where he participated in the underwriting and securitization of large and conduit sized commercial loans. Mr. Amini received his BS from NYU’s Stern School of Business and his MBA from Cornell University’s Johnson Graduate School of Management.

Simon Yaghoubi

Managing Partner

Mr. Yaghoubi has been with TCG since its inception and is primarily responsible for overseeing the firm’s investments through loan underwriting and portfolio and asset management. In addition to his portfolio management responsibilities, Mr. Yaghoubi has been instrumental in raising capital from a diverse investor base ranging from high-net-worth investors to family offices. Mr. Yaghoubi has been involved in the structuring, closing and servicing of over $750 million in loans. Mr. Yaghoubi is a member of TCG’s investment committee and is responsible for directing the firm’s risk management and investment strategies. Mr. Yaghoubi received his BA from the University of Pennsylvania.

Tony Yaghoubi

Managing Partner

Since founding the company in 2010, Mr. Yaghoubi has been involved with every aspect of TCG’s growth and investment activities, including originating, structuring and managing real estate transactions in excess of $750 million. With over twenty years in the real estate industry, Mr. Yaghoubi has been able to leverage his relationships in the real estate community to cultivate TCG′s lending platform. Additionally, Mr. Yaghoubi sits on TCG’s investment committee, helping guide the firm towards meeting its investment objectives. Mr. Yaghoubi graduated with a BBA in finance from Hofstra University’s Zarb School of Business.

Before You Contact Us

Our Minimum Loan Amount Is

$1,000,000

What We Do

  • Commercial & Resi Investment Property
  • Bridge, Value-Add, Ground-Up Construction
  • LTV up to 70% for Senior Loans
  • LTV up to 95% for Mezz / Junior Liens

Not Available

  • NO 100% Financing
  • NO Special Purpose Properties
  • NO Owner-Occupied Homes
  • NO Cannabis-Use Properties

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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