As a private commercial real estate lender, Thomas Funding Group's primary objective is to meet our borrower's need for short-term bridge financing with efficiency, flexibility and professionalism. We provide commercial real estate financing for borrowers in unique and time-sensitive situations anywhere in the United States. We focus on providing timely, reliable, and customized solutions that are not accessible through traditional lenders. Thomas Funding Group is ready to execute a loan at a moment's notice.
We can close in little as 5 days.
Loan to Value Parameters
- The fund will typically use the follwing parameters when considering a loan.
- A maximum 75% loan to value on income producing properties with multiple tenants and strong leases in place.
- A maximum 65% loan to value on owner occupied properties.
- A maximum loan to value of 65% for construction and rehab loans.
- A maximum 50% loan to value on land purchases.
Loan Options
The fund will consider:
- Purchases
- Refinancing of existing debt including cash-out refinances
- Foreclosure bailouts, bank workouts
- Acquisition and development
- Partnership buyouts and land purchaeses Thomas Funding Group will meet with and pre-approve each potential purchaser to determine their ability to obtain a mortgage.
Collateral
The fund will place emphasis on the value of the collateral. Although credit will be a consideration, value will control. One a case by case basis the fund may increase the loan to value if the borrower has demonstrated a strong history of repayment and has sufficient assets to repay the loan.
Interest Rate Charged to Borrowers
The fund will usuall charge an interest rate of 11% to 16% per annum, interest only, paid monthly. The fund will charge 1to 5 points depending on the details of the loan, including the loan amount and the collateral type.