Address: Arbor Building, Suite 270, Sandy, UT 84070
States They Lend In: All 50
CPC Diversified Fund (CPC Diversified) makes private asset-based loans and bridge loans that are often a solution for borrowers who have particular time constraints, unique circumstances, or industry specific needs that do not fit traditional banks underwriting parameters. Loans made by CPC Diversified enable borrowers to further their projects, adding jobs, retail centers, housing, industry, and other drivers to the economy. CPC Diversified enjoys enabling borrowers to fulfill their American Dream.
CPC Diversified has developed careful underwriting parameters that protect its investors while enabling the borrower to be successful. Rather than focusing primarily on the guarantor or credit-worthiness of the borrower, CPC Diversified underwriters give large consideration to the assets pledged as collateral. By giving consideration to as-is and as-improved property values, many borrowers are able to obtain financing for quality projects that may otherwise go unfunded. Brokers and borrowers enjoy the timely professional process experienced when a loan is submitted, underwritten and funded by CPC Diversified Fund.
CPC Diversified receives hundreds of applications for private loans each month, which can exceed upwards of $80,000,000 in monthly submissions. The applicants that become priority loans to consider are those that:
- Have commercial, retail, residential, or other types of strong real estate collateral
- Generates current or as-improved cash flow
- Collateral value exceeds loan request amount by 30-50%
- Strong exit strategies
- Driven by qualified borrowers and strong guarantors
Products and Services
Why CPC DIVERSIFIED FUND
CPC Diversified prides itself on expeditious timeframes of 7-14 days from acceptance of the letter of intent. Below is a general outline of the underwriting process:
- Loan submission is received
- Letter of Intent is sent upon initial interest outlining general terms and preliminary due diligence to collect
- Borrower accepts or rejects the Letter of Intent
- CPC Diversified Fund gathers relevant due diligence items and makes additional requests based on findings
- A comprehensive site visit is conducted
- Additional requests and conditions are sent
- An eventual Final Term Sheet is sent to the Borrower
- Borrower reviews the loan documents
- Closing is coordinated with title companies and the loan is funded
Once the loan is funded, servicing needs are coordinated with the borrower, including any constructions draws, and assistance in alternative exit strategies and management.
CPC Diversified is a direct lender providing a wide range of capital needs secured by real estate collateral. Applications are received via Fundingdatase.com, as affiliate lead generation company. Loans that we fund have strong collateral value and upside, a credible borrower and viable exit strategy. Below are features and ranges of loans typically considered:
Loan Amount: $350,000 to $5,000,000
Term: 10 days to 18 months
Collateral Types: commercial, retail, multi-family residential, equipment, residential, development, and more
Loan To Value Percentages: 30% to 70% depending on collateral type, location, borrower strength, exit strategy, and income
Pricing: Short term rates based on economic feasibility and demand
CPC Diversified Fund’s private loans often come in the form of a bridge. The borrower stands in need of capital to take his or her project from where it is today, to where a longer-term exit strategy or solution is available. Some of the circumstances that require bridge financing are:
Borrowers often utilize a short-term loan in order to execute on opportunities with time constraints. These range from court-step acquisitions and foreclosure sales to bank liquidations or partnership buyouts. Loan proceeds enable the borrower to close the transaction quickly and provide time to secure longer-term financing.
Often times a developer’s project is not far enough along for a sale or refinance and additional capital is required. CPC Diversified funds can be used to bridge a development to a viable exit point.
Many projects require improvements to gain the needed value from the asset to sell or refinance. Whether it is a lowly-occupied multifamily building or partially complete commercial building, CPC Diversified funds are often utilized for this purpose.
Often times, business owners will utilize CPC Diversified funds to take advantage of time sensitive expansion opportunities utilizing their existing operations and assets as collateral. Timing is everything for these expansion opportunities.