Real Estate - Los Angeles, California, United States
Hankey Capital is a private direct lender originating short-term bridge and construction financing in the $2M to $50M range secured by real estate located in California. We specialize in time-sensitive and value-added deals underserved by banks and other traditional capital sources. Currently, Hankey Capital has over $300M in capital deployed, with over $750M funded in the past six years. • Close in as Few as Five Days • Transitional Properties OK • Higher LTV/LTC Considered • Creative Structures Possible • Competitive Pricing • We Can Finance Land • No Yield Maintenance • Foreign Nationals OK • Minimal Paperwork • No Minimum DSCR BRIDGE FINANCING Property Type: Commercial, Apt, SFR (NOO), Land, Hospitality Amount: $2M to $50M Rate: 8.5%-12% Points: 1%-3%; No Exit Fee Location: SoCal; Bay Area LTV: Up to 80% Term: 9 to 36 Months Amortization: Typically I/O Prepayment: Allowed; 1% Fee May Apply Recourse: Personal Guarantee(s) Required Position: First Trust Deed CONSTRUCTION FINANCING Property Type: Commercial, Apt, Condo, SFR (non-owner-occupied), Hospitality Amount: $2M to $25M+ Rate: 9.5%-12.5% Points: 2%-3% (Including Draw Fees) Location: SoCal LTV: Up to 75%; 87.5% w/our mezz Term: 12 to 36 Months Amortization: I/O, Reserved Upfront Prepayment: Allowed; 1% Fee May Apply Recourse: Personal Guarantee(s) Required Position: First Trust Deed Please email Tania Kappe at tkappe@hankeycapital.com or call (323) 900-3000 to discuss your specific financing situation. The Hankey Group is comprised of seven primary operating companies with roots in the automotive and automotive finance industries, totaling $5 billion in assets and over 2,000 employees as of 2015. Hankey Capital LLC is licensed through the California Department of Business Oversight - #6038812
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