Success! Equity Bridge Capital Closes 55% LTV Investor Bridge Loan in San Francisco
Recently, we received a loan request from a repeat investor/borrower who had to close quickly on a $850,000 purchase of a major fixer in San Francisco. The borrower had recently fixed and sold for a substantial profit a property that Equity Bridge Capital had previously help finance and wanted to put up to 50% down for the new purchase. Despite the dilapidated condition of the new property, we were still able to offer the borrower very attractive terms: a 55% LTV purchase loan , 8.5% rate, 2 pts, and a 12 month term. (The borrower plans to be in and out of the project by early spring 2019). Equity Bridge Capital’s real estate bridge loan products are innovative - helping investors buy and renovate investment properties throughout San Francisco, Silicon Valley, the Bay Area, Sacramento, Los Angeles and Southern California. Our flexible programs include 1st, 2nd, and 3rd position loans with 12-24 month terms w/ loan sizes ranging from $200K- $20M+ for residential and commercial transactions.
For more info or quote, contact me at: 415-760-2338 or firstname.lastname@example.org
Art Gilberg Broker dba Equity Bridge Capital Cal DRE 01868465
Equity Bridge Capital's Investor Loans Translates to Record Sales and Big Profits for San Francisco Bay Area Developers
Recently, 2 of our local investor borrowers successfully completed major rehab projects. The net result? One property closed way over asking netting the builder a sizable profit and the other immediately went into contract after multiple offers at a record setting selling price for the neighborhood.
Equity Bridge Capital provides all types of residential and commercial private money bridge loan products for purchases, refinances, and construction projects throughout the San Francisco Bay Area and Southern California. $20M+ is Available for 1st and 2nd position loans. Feel free to call me for a quick quote on any scenario you have at 415-760-2338 or send an email to:
Art@EquityBridge.com. Art Gilberg - Broker/Owner, Equity Bridge Capital California BRE #01868465Read More
A spec builder needed a fast bridge loan to pay off a maturing construction loan on a gorgeous property located on a coveted street in Silicon Valley. Equity Bridge Capital provided the financing quickly and at competitive terms - giving the borrower exactly what they wanted. Located in San Francisco, Equity Bridge Capital provides private money real estate bridge loans for purchases, refinances, and construction projects secured by residential and commercial properties. Our 1st and 2nd position loans range from $200K-$20M+ and we cover all of Northern , Central, and Southern California. Please contact Broker Owner Art Gilberg at 415-760-2338 or via email at Art@EquityBridge.com for a quick quote on any loan request you or your clients may have. Post written by Art Gilberg, Broker DBA Equity Bridge Capital Cal BRE #01868465 Private Money/Hard Money Loans
As San Francisco's skyline continues to expand, so does Equity Bridge Capital's loan requests. Examples are : requests to pay off off maturing loans, bridge financing needs for restaurant themed and/or single purpose properties, construction completion loans to finish half-built luxury spec homes, a seasoned investor willing to provide cross collateral to buy residential units, a quick junior position loan to save a property from being foreclosed on - and the list goes on and on.
Equity Bridge Capital is at the forefront of private money lending in providing a unique product - 1st, 2nd, and 3rd position bridge loans for investors with construction completion projects. These loans are challenging in that half built projects are often stalled and fraught with complex issues such as inadequate budgets and cost overruns, unplanned for changes in the scope of work, borrower lack of liquidity, problems with existing lenders ( slow responses to draw requests, maturing notes), changing contractors ,and the ability to get adequate title insurance, for completion loans -and these are just a few of the things that make construction completion lenders so hard to find and the loans difficult to underwrite and fund. Yet, Equity Bridge Capital has carved out a niche for itself - be it a $1.2M 1st Position loan on a 4,000 sq foot spec home in the East Bay , a $900,000 3rd Loan on 5,000 sq ft build in San Mateo, a $750,000 2nd and 3rd Financing Package for a Piedmont Developer, or a $1M loan for a unique Napa project, Equity Bridge Capital is working hard in successfully providing the very best loan products and service for investors and builders throughout the San Francisco Bay Area and Southern California.
If you or your contacts need a quote or would like to discuss how these loans work, please feel free to call Art Gilberg, Broker /Owner of Equity Bridge Capital at 415-760-2338 or contact me via email Art@EquityBridge.com. Art Gilberg DBA Equity Bridge Capital Bre# 01868465
View From the TopRead More
A new year has arrived - and with it, comes reflection as to trends and opportunities in the world of private money, real estate bridge lending.
2016 was another active year for California hard money lenders and their investor borrowers. Low supply and strong buyer demand continues to drive appetites for buying, building, renovating, and selling residential and commercial property in both urban and suburban markets. And the trend that we have seen over the last several years of new capital sources entering the private lending space continues to expand as Wall Street and Internet firms have jumped in to create large Funds attempting to capture business not only in California, but nationwide as well.
As a result of this infusion of new capital, firms like Equity Bridge Capital have had to rethink and adjust their business approach. Mainly, it's been all about getting back to basics with great results : focusing on familiar, local California markets like San Francisco, LA, Orange County, and San Diego to provide great service for customers in those markets, and continuing to provide loan products that the Big Box Funds typically cannot and will not provide - such as junior bridge loans ( this includes both 2nds & 3rds ) and construction loans ( for ground up and half-built, completion projects).
What will happen in 2017? A new administration, interest rate hikes, global and domestic security concerns, and a general, overall feeling that the bull markets ( both real estate and financial) seem logically vulnerable to a correction at some point in time is sure to create angst for some on both sides of a transaction. Yet, because of the volume and type of requests we are seeing, all factors seem to indicate that investor borrowers in 2017 will continue to seek leverage to take advantage of this unprecedented cycle and that private lending resources such as Equity Bridge Capital will continue to stand by, ready to assist investor borrowers who need bridge financing for their projects.
Equity Bridge Capital is a San Francisco based Private Money, Hard Money Real Estate Lending Company focused on providing bridge loans secured by both residential and commercial property in California. Our niche loan products include 1st, 2nd , and 3rd position loans, ranging from $200,000 - $10,000,000+ for all types of scenarios such as purchases, refinances, and construction projects. We offer competitive, customized terms - depending on the request. We work with all types of borrowers (good/bad credit, high/low net worth, high/low liquidity) and lend on all types of properties throughout Northern and Southern California - with an emphasis on San Francisco and the Bay Area, Los Angeles, Orange County, and San Diego.
For a quote or question about a loan, please fee free to contact Broker/Owner Art Gilberg at anytime, 7 days a week at:
Tel: 415-760-2338 or via Email: Art@EquityBridge.com
Equity Bridge Capital - Business Description: San Francisco hard money lender, private money loans, 1sts, 2nds, & 3rds, bridge loans, construction loans, equity loans, investor loans, business purpose loans, real estate loans, cross collateral loans, gap loans, San Francisco, Bay Area, Silicon Valley, San Jose, Marin County, Sonoma, Napa, Contra Costa County, Oakland, Berkeley, Alameda County, San Mateo County, Atherton, Palo Alto, Santa Clara County, Los Angeles, Orange County, San Diego - Art Gilberg dba Equity Bridge Capital , CA BRE#01868465
Why do some real estate investors succeed at getting and completing the best deals while others may flounder? The answer is simple - BY USING A RELIABLE HARD MONEY / PRIVATE MONEY SOURCE TO MAKE ALL CASH OFFERS and PROVIDE REHAB MONEY TO COMPLETE PROJECTS. The process starts with a phone call - an investor has found a promising property with upside potential TO FIX AND RESELL. The investor's concern is, because of the lack inventory for such deals, the property may go quickly - and probably with multiple offers. Often, the investor's capital is tied up with other projects and therefore they do not have the liquidity to make an all cash offer and/or fund the construction component of the deal. However with a PRIVATE, HARD MONEY BRIDGE LENDER LIKE EQUITY BRIDGE CAPITAL, their problem MAY BE SOLVED IN FIVE NOT SO EASY, BUT DOABLE STEPS.
HERE'S HOW WE DO IT:
STEP ONE - ASKING BASIC QUESTIONS: What is the address, the asking price, how long has the property been on the market, how much does the Borrower plan to offer, how much do they plan to put down, how much do they want to borrow, when do they plan to close, how long do they need the loan for, what is the extent of work being considered and the estimated cost of construction, what is the timeline for completion, and what is the estimated resale value after completion. As to the BORROWER'S FINANCIAL SITUATION we need to know about their: cash in the bank, sources of income, ability to make payments, credit history, and other real estate holdings they may have. As to their LEVEL OF EXPERIENCE WE WANT TO KNOW: how many projects like this have they done, where and how did they turn out - and who is on their team for this one? ( general contractor, architect, subs, realtor, stager, etc )
STEP TWO: GETTING THE DEAL. Prior to making their offer, the Borrower usually asks us to provide some type of FINANCING LETTER that they can show to the Seller. In this regard, we can write for the Borrower a conditional Letter of Interest that summarizes the approximate terms and cost of the loan ( loan amount, loan position, collateral being used, interest rate, origination fees, closing costs, length of term, interest reserve, etc ). subject to our due diligence which will be done once the Borrower's Offer has been accepted. It is not unusual for a Seller's agent to contact me directly to ask about this process.
STEP THREE: BORROWER AND LENDER DUE DILIGENCE: The Offer has been accepted - now what? At this point, both the Borrower and Lender need to do their due diligence. And it is not uncommon to hear from a borrower that our second "set of eyeballs" looking at the deal often helps them better understand and plan accordingly for some of the risks associated with the project.
STEP FOUR: CLOSING ON THE PURCHASE - Once the due diligence has been completed and we all agree on moving forward, we produce loan documents, the borrower signs, the loan gets funded, and the purchase and loan closes.
STEP FIVE: CONSTRUCTION LOAN COMPONENT - Once the purchase closes, the Borrower will next need to provide the following: approved plans and permits from the City or County, a detailed budget, an agreement with their General Contractor, a finished value appraisal, and a builder's insurance policy Once these items are provided and accepted, we then can fund the construction component for their project.
In summary, the path to success in real estate starts with identifying a buying opportunity and then seizing upon that opportunity. Having the right team in place is fundamental to this process. Equity Bridge Capital has been focused on this niche, successfully helping all types of real estate borrowers, professionals, and investors pursue rare opportunities in the marketplace. We provide 1st and 2nd Position Bridge Loans - from $200,000 to $10,000,000+ throughout Northern California, the San Francisco Bay Area and Southern California
If you are interested in getting more information on Private, Hard Money Bridge Loan options, please contact: Art Gilberg, Broker/Owner at 415-760-2338 or via email: Art@EquityBridge.com , Website: www.EquityBridge.com .. Art Gilberg, Broker/Owner dba Equity Bridge Capital Ca BRE# 01868465
It is not uncommon for investor builders in the middle of a construction project to find themselves running short of capital to complete what they started. Banks who provide construction financing do not like to hear that, which in turn can become a real problem for an illiquid sponsor. So what can they do?
This is where Equity Bridge Capital is often asked to help. EBC specializes in providing private money bridge financing for all types of investor borrowers stuck with a complex, half built project. These loans may be 1st, 2nd, or even 3rd position loans and typically are 12-24 months in term, which in turn gives borrowers time to not only complete a tough build, but also to either refinance or sell once the build is finished.
The processing and funding of these loans is not easy. Issues pertaining to mechanics liens, completion budgets, finishes, plans ,permits, insurance, senior debt, and values ( to name a few ) are all part what makes these loans extremely challenging. Fortunately for our borrowers, Equity Bridge Capital has a very experienced and diligent team in place to help navigate what often can be a very stressful and difficult process.
Please feel free to contact me regarding any type of bridge loan - and especially those relating to construction. Our loans range from $200,000 - $20,000,000 and we cover all of Northern and Southern California. My contact info is:
Art Gilberg, Broker - Tel: 415-760-2338 / Email: Art@EquityBridge.com
EQUITY BRIDGE CAPITAL is pleased to announce the closing of a $1.2M Private Money Bridge Loan on a Commercial Property located in San Francisco. The loan is for 2 years and has given the cash strapped borrower breathing room to re-position the propertyfor leasing it out at maximum rental value. Equity Bridge Capital is a local, San Francisco based loan company that specializes in providing all types of private / hard money bridge financing options for both residential and commercial property owners in the SF Bay Area and throughout California. We do 1st and 2nd ( and sometimes 3rd ) position loans for both good and bad credit borrowers - this would include funding for purchases, refinances, partner/family buyouts, investment opportunities, and construction completion projects. Simple and fast processing, creative problem solving, competitive rates/fees/terms, and a friendly attitude all are hallmarks of our philosophy and approach. If you have any questions or needs, please contact me, Art Gilberg, Broker/Owner - Equity Bridge Capital @ 415-760-2338 or via email Art@EquityBridge.com.
Art Gilberg, Broker DBA Equity Bridge Captial BRE# 01868465Read More
As the real estate market in the Bay Area continues to perk along, large numbers of borrowers looking to participate in our incredibly strong market continue to actively look for alternatives to traditional bank financing. Equity Bridge Capital is a San Francisco based loan company that specializes in providing these type of Bridge loan options and for all types of borrowers - be it for purchases, refinances, or construction completion projects.
Here are some examples ( completed and in process )
Purchase Loans: - Investor Buyer w/ good net worth but insufficient liquidity will use us to make all cash offer - ie. South Bay $10M First Loan on $15M Purchase of Office Building - 12-24 Month Bridge Loan
Refinance Loans : 1st or 2nd loans to take out existing debt and assist with cash needs - $3.3M 1st Loan for 9M Property - San Francisco Financial District / $1.2M 2nd Loan on $4M Residential Investment Property - 60% Loan to Value
Construction Loans: 1st or 2nd Loans to assist in completing under funded construction projects. $1M 2nd Loan to complete 2 Unit San Francisco Project, - 65% Loan to Finish Value. $1M Oakland Purchase Money Loan and $600K 2nd Loan to do residential fix and flip project
There are often other options not contemplated by brokers and borrowers such as using multiple properties as cross collateral to get a loan funded.
If you or any of your contacts need a quick quote on a Bridge Loan, please contact Art at 415-760-2338 or by Email : Art@EquityBridge.com
Equity Bridge Capital assists San Francisco architect/developer in providing $600K in bridge financing for the borrower's working capital needs. The 2 properties used as cross collateral for the loan ( a 2nd Deed of Trust ) are well-located commercial properties in San Francisco. Equity Bridge Capital does all types of Bridge loans - 1sts, 2nds, and sometimes 3rds for purchases, refinances, and construction projects throughout San Francisco and California. Fast underwriting and funding at competitive rates and fees are keys to what makes Equity Bridge Capital a great choice for borrowers looking for liquidity and access to capital quickly in this ultra competitive real estate market.
Equity Bridge Capital successfully helped finance the purchase of a spec home opportunity in Piedmont, California for a loyal investor/borrower. The property is in a highly sought after neighborhood with tremendous upside - and the bidding on the property was such that the investor needed to have a quick close in order to secure the contract. Equity Bridge Capital's fast underwriting and processing team enabled this transaction to take place within a few days of receiving the request . Now that the transaction has closed, the investor plans to expand and rehab the property within 12 months with a substantial profit projected upon completion. Equity Bridge Capital plans to be a part of the construction phase as we provide construction loan financing for all types of projects. Call Art @ 415-760-2338 or send an email request to Art@EquityBridge.com for more info on how we can help out with bridge financing requests for purchases, refinances, and construction projects.