
Our Financing Process
Steps in Mortgage Transaction
Types of Financing
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Receive Request / Initial Conversation with Borrower(s).
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Collect all Transaction Documents Due Diligence / Feasibility Study (Market Analysis, Financial Analysis, Project/Property Analysis, Environmental Analysis.)
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Underwrite / Package Transaction
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Forward Transaction to Appropriate Lender.
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Receive Letter of Intent (LOI)
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Appraisal / Lender's Due Diligence
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Commitment Letter (CL) from Lender.
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Review CL with Borrower and Negotiate Transaction Terms.
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Close Transaction.
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Purchase + Improvements
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Refinance
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Transfer/Switch
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Bridge Financing
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Blanket / Inter Alia
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HELOC
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Renovation / Improvement
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Equity Take-Out
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Land Development
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Construction
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Buy/Lease Equipment
Typical Transaction Terms
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Loan to Value (LTV)
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Dept Service Coverage Ratio (DSCR)
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Net Operative Income (NOI)
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Cash Flows
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Cap Rate
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Return on Investment (ROI)
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Net Present Value (NPV)
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Internal Rate of Return (IRR)
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Amortization
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Equity
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Mortgage Payment (Principal + Interest)
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Compounding Period
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Total Dept Services Ratio (TDSR)
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Gross Dept Services Ratio (GDSR)