Aegis RE Partners

 

Website: http://www.aegisrepartners.com

States They Loan in: California and Florida

 

 

 

East Coast Office:

 

Phone: (813) 341-3654

Address: 5510 W. La Salle Street, 3rd Floor, Tampa, FL 33607

 

West Coast Office

 

Phone: (310) 341-3645

Address: 1035 South Grand, 3rd Floor, Los Angeles, CA  90015

 

Types of Loans:

 

First Trust Deed/Mortgage Bridge Loans : Short-term funding whereby Aegis provides a low-LTV first trust deed/mortgage loan to real estate investors looking to acquire residential properties below current market value, or pull cash out of unencumbered properties for the purpose of reinvesting those funds in other transactions.

 

• Residential Rehab Funding: Aegis provides up to 75% LTC financing for the acquisition of residential investment properties in California and Florida. Under this program, Aegis advances up to 65% of the after-repair-value (ARV).

 

• Construction Loans:  NEW! Aegis is now offering ground-up construction financing for residential properties in Florida and California. Aegis' construction program can be used for investment properties, or for owner occupied properties (in conjunction with a permanent loan). These loans are typically 6-12 months in term, and offered at a rate of 8-12% and 2-5 points. Aegis will provide construction loans directly to borrowers, and will also work with permanent mortgage lenders looking to offer construction-to-perm financing.

 

Construction Loans:

 

Loan Purpose: Construction of spec homes and investment properties
Loan Amount: $100,000 - $750,000 *larger loans considered case-by-case
Property Types: Single family
Loan to Value: Up to 65% of "as-completed" value; Not to exceed 75% of cost
Lending Territory: Florida and California
Loan Term: Up to 12 months
Collateral/Security: First mortgage/deed of trust
Borrower Equity Required: Minimum 25% cash or land equity
Rate: 10-14%
Fees: 2-5% origination fee; $1,500 construction fee; $995 underwriting fee

 

Bridge Financing:

 

Loan Term: 3-12 Months
Lending Territory: Focused on FL and CA
Loan Amount: $150,000 - $5,000,000
Property Types: All Residential and Commercial properties considered
Fees: 2% - 5% origination fee
Rate: 10-14%
Loan to Value: Up to 75% of appraised value
Collateral/Security: First mortgage/deed of trust

 

SBA Financing

 

SBA 504 Interim Loan Program

 

Property Locations: Nationwide
Property Types: All commercial property types
Loan Size: Up to $5,000,000
Term: Up to six months
Rate: 6-8%
Fees: 1% of the loan amount, plus $1,000 for admin and $2,500 for legal

 

SBA 504 Loan Program Highlights

 

Aileron Capital’s SBA 504 loan program provides up to 90% LTV financing to small businesses who are the primary users of their buildings. The loan is comprised of a first mortgage provided by Aileron, and a second mortgage funded by the SBA through a debenture offering. Rates for the first mortgage can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year, assumable for the life of the loan.

 

Loan Size: $750,000 to $12 Million

 

Advance Rates
•General purpose real estate - up to 90%
•Special purpose real estate - up to 85%

 

Collateral
•Commercial real estate, as well as fixed assets with an economic life of 10+ years

 

Maximum Term (Fully Amortized)
•Aileron first mortgage – 10 year term; 25 year amortization
•SBA second mortgage - 20 years, fully amortizing

 

Property Types

All property types considered. Preferred properties include:
•Newer, interior corridor hotels. Flagged properties preferred
•Assisted living facilities, including those with memory care
•Franchise restaurants
•Office
•Retail
•Light Industrial