Address: 1070 Riverwalk Dr. Suite 258 Idaho Falls, ID 83402
States They Lend In: All 50
The Revolution of Private Commercial Real Estate Bridge Lending!
Copper River Funding- helping successful people achieve their investment goals by creating opportunities to participate in private commercial bridge lending secured by commercial real estate collateral.
- Office / Retail / Industrial
- Shopping Center / Strip Mall / Warehouse
- Day Care / Restaurant / Assisted Living
- Hotel / Motel
- Cash-Out Refinances
- RAW LAND - considered on case-by-case basis.
The following items will be needed by Copper River Funding in order to allow us to successfully review the project/property and loan options.
- Executive Summary – Exit Strategy needs to be included
- Personal Financial Statement
- BPO on Market Value (or comparable value indication)
- Digital Pictures of property
- Tri-Merge credit (if available)
Your Executive Summary
Should include the following:
- Property Type
- Net Worth
- Reason for Request
- Exit Strategy
Pricing & Terms
Loan Sizes $100,000.00-$2,000,000.00
Terms- 6 months to 24 months
Security Required-1st Trust Deed
No 2nd Liens
Full Recourse with Personal/Corporate Guaranties
Loan Limits & Time frames
The CRF "niche" loan ranges between $100,000 and $2,000,000. Typically loans can be reviewed and funded within two to three weeks. Variables such as title and appraisal need to be coordinated and can lead to extended time periods. CRF is committed to moving efficiently through the loan process and we are sensitive to time constraints borrowers may have.
Copper River Funding is an intermediary teaming quality Commercial Borrowers with the Copper River Funding Committed Capital Partner Network (CCPN). Copper River Funding understands the need American small businesses have for capital and provides alternative solutions to meet those demands.
CRF will review projects with at least 35% verifiable wholesale equity. 65% Loan-To-Value is our maximum limit and many of the projects chosen for funding are currently below 50% LTV. Geographic region is given heavy consideration in LTV due to potential future market deterioration.
Additional Lending Requirements
Competent Exit Strategy
Every loan request must be accompanied by a reliable plan of exit within the specified loan term.
Use Of Proceeds Statement
All projects require a verifiable "Use of Proceeds" declaration. This is imminently important and speaks to the "Purpose" of funding.
Documentation of leases, current rent rolls, expenses etc.
All items related to the transaction that affect value and/or ability to repay will be required during the due diligence period.
Submit Loan Scenario
For a complete list of items that will be needed to submit your loan, please check Documents Needed. Submitting all of the necessary information, or at least having it available, can greatly reduce the time required for Copper River Funding, LLC to issue a term sheet.
Copper River Funding, LLC Review
Once your file is received electronically, Copper River Funding, LLC will review the information and determine whether or not any additional information is required to decide if the loan request is an acceptable scenario. The entire process will generally take less than 24 hours and can often be completed in the same day that your file is submitted.
Additional Information Requests
If necessary, CRF will request additional information from you. If no additional information is required, we will either conditionally approve your loan or deny it altogether. In some instances, we will make suggestions as to how you could more properly structure your scenario in order to get it approved. We will also review the possibility of cross-collateralization if necessary.
Term Sheet Issuance
Once the preliminary review is complete, a term sheet including proposed rates and terms will be issued to the borrower. The term sheet is valid for 72 hours and requires a signature and pre-determined and clearly stated non refundable due diligence deposit.
Due Diligence Period
The CRF due diligence period begins upon signed receipt of the term sheet and due diligence deposit. During this time CRF will require a conference call directly with the borrower and will order all third party information necessary to complete the transaction.
Closing & Loan Payments
Upon completion of due diligence, a closing will be scheduled at a Title Company or Attorney's office of our choice. Monthly payments are required to be automatically drafted and deposited into an audited escrow account of our choice.