Special Purpose

Special purpose loans are a category of commercial real estate financing tailored for properties with unique or specialized uses, often requiring custom solutions. These loans support the acquisition, development, or renovation of properties designed for specific functions. Here’s an overview of special-purpose loans:

Key Points:

1. Loan Purpose: Special purpose loans are designed for properties with distinct and specialized uses, such as:

Hotels: Financing for hotel properties, including full-service hotels, limited-service hotels, and boutique hotels.
Restaurants: Support for restaurant properties, including fine dining, fast-food establishments, and catering facilities.
Places of Worship: Loans for religious properties, including churches, temples, and synagogues.
Gas Stations: Financing for gas station and convenience store combinations.
Theaters: Support for movie theaters, performance theaters, and other entertainment venues.
Funeral Homes: Loans for funeral home properties and facilities.

2. Loan Amounts: Typical loan amounts for special purpose loans can vary widely, depending on the type of property, its size, location, and the borrower’s qualifications:

Hotels: Financing for hotels can range from small boutique hotels with loans in the millions to large full-service hotels with loans in the tens of millions or more.
Restaurants: Loans for restaurant properties typically vary from a few hundred thousand dollars to several million dollars.
Places of Worship: Financing for religious properties can range from modest church buildings to larger religious centers with varying loan amounts.
Gas Stations: Loans for gas station properties can vary based on the size and location, ranging from a few hundred thousand dollars to several million.
Theaters: Financing for theaters depends on the type and size of the venue, with smaller theaters receiving loans in the millions and larger ones in the tens of millions or more.
Funeral Homes: Loan amounts for funeral homes depend on the facility’s size and location and can range from a few hundred thousand dollars to several million.

3. Loan Terms: The terms for special purpose loans are flexible and tailored to the specific property’s requirements and the borrower’s needs. Terms can range from intermediate to long-term, typically from three to 25 years.

4. Collateral and Personal Guarantees: Lenders may require the property itself as collateral, and personal guarantees from the borrower or property owner may be necessary.

5. Interest Rates: Interest rates can vary based on the lender’s policies and the specifics of the loan agreement. Rates may be fixed or variable.

Special purpose loans are crucial for investors and organizations seeking to finance properties with unique or specific functions. The loan terms and amounts will be tailored to the property’s characteristics, usage, and financial aspects. To explore special-purpose property financing and determine the most suitable loan for your needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

Unique Property Financing: These loans cater to commercial properties with specific, specialized uses.
Custom Solutions Available: Special purpose loans often require tailored underwriting and terms to match the property’s unique function.
Flexible Loan Terms: Terms are adaptable to suit the distinct needs of each special purpose property.

Aircraft Financing

Aircraft financing involves the process of securing funds to purchase or lease aircraft, which can be a complex and specialized area of financing due to the high costs and unique considerations associated with aircraft transactions. There are several ways to finance aircraft, and the choice of method often depends on the specific needs and financial circumstances of the buyer or operator. Common methods of aircraft financing:

Cash Purchase: Buying an aircraft with cash involves paying the full purchase price upfront. This method offers the benefit of ownership without the need for financing, but it requires substantial capital.
Aircraft Loans: Aircraft loans are similar to traditional auto or home loans. Financial institutions, such as banks, credit unions, and aircraft lenders, provide loans to purchase aircraft. These loans typically have fixed or variable interest rates and require a down payment.
Aircraft Leasing: Leasing an aircraft is an option that allows you to use an aircraft without owning it outright. There are two primary types of aircraft leasing:
Operating Lease: This type of lease is more like a rental agreement and typically involves shorter terms. The lessor retains ownership of the aircraft, and the lessee pays for its use.
Finance Lease: In a finance lease, the lessee essentially finances the purchase of the aircraft, making fixed payments over a longer term. At the end of the lease, the lessee may have the option to buy the aircraft at a predetermined price.
Aircraft Fractional Ownership: In fractional ownership, multiple individuals or companies jointly own an aircraft. Each owner purchases a share of the aircraft, and management companies often handle maintenance, crew, and scheduling.
Government Financing: In some cases, governments may offer financing programs or loan guarantees to support the acquisition of aircraft, particularly for airlines or other aviation-related businesses.
Export Credit Agencies: Export Credit Agencies (ECAs) may offer financing solutions for the export of aircraft, particularly in international transactions. These agencies provide loans and guarantees to facilitate aircraft sales between countries.

When considering aircraft financing, it’s important to carefully evaluate various factors, such as the cost of the aircraft, your financial situation, the intended use of the aircraft, and your long-term plans. Additionally, working with our aviation finance professionals and legal experts who specialize in aircraft transactions can be invaluable for navigating the complexities of the aviation industry.

Please note that the specific financing options available and their terms may change over time, and they can vary depending on your location and the type of aircraft you’re interested in. It’s essential to consult with our financial advisors and aviation experts to make informed decisions regarding aircraft financing.

Regardless of the financing method you choose, be it a cash purchase, aircraft loans, leasing options, or other options, Obelisco Advisers Experience stands ready to assist you. Our extensive experience in aircraft financing ensures that you’ll receive expert guidance and support throughout the process, helping you make well-informed decisions for a successful and efficient aircraft acquisition or lease. Don’t hesitate to reach out to us for specialized assistance with your aircraft financing needs.

Key Points to Remember

Diverse Financing Options: Aircraft financing offers various methods, including cash purchase, loans, and leasing, to cater to different needs.
Specialized Considerations: Aircraft financing is complex due to high costs and unique aspects, requiring careful evaluation of factors like cost and intended use.
Expert Assistance: Expert guidance from professionals like Obelisco Advisers Experience is vital for navigating the aviation finance landscape, ensuring successful aircraft acquisition or leasing.

Yacht Financing

Yacht loans, similar to other forms of marine financing, are used to purchase luxury yachts or boats. Here’s some information on yacht loans:

Loan Types: Yacht loans typically come in two primary forms: secured and unsecured. Secured loans use the yacht as collateral, while unsecured loans are based on the borrower’s creditworthiness.
Interest Rates: Interest rates for yacht loans can vary widely based on factors like the borrower’s credit score, the loan term, and the lender’s terms. Rates can be fixed or variable.
Loan Terms: Yacht loans can have varying loan terms, which often range from 3 to 20 years. The term can influence your monthly payments and the total cost of the loan.
Down Payment: Lenders often require a down payment, typically ranging from 10% to 20% of the yacht’s purchase price.
Creditworthiness: Lenders assess the borrower’s credit score and financial history to determine eligibility and loan terms. A strong credit profile can result in better loan terms.
Documentation: The application process for yacht loans typically involves providing financial documentation, such as tax returns and proof of income.
Marine Survey: Lenders may require a marine survey to assess the yacht’s condition and value.
Insurance: Yacht insurance is often a requirement for yacht loans to protect both the borrower and the lender in case of accidents or damage.
Lender Options: Yacht loans can be obtained from banks, credit unions, specialized marine lenders, or even the yacht manufacturer itself.
Use of Yacht: Lenders may have restrictions on how the yacht can be used. For example, some loans may prohibit chartering the yacht.

For expert guidance and assistance with your yacht financing needs, don’t hesitate to contact our Obelisco Advisers experts. They can help you navigate the intricacies of yacht financing and find the best solution for your specific requirements.

Key Points to Remember

Loan Types: Choose between secured and unsecured yacht loans based on your financial situation.
Interest Rates and Terms: Interest rates and loan terms vary, impacting the overall cost of the loan.
Expert Guidance: Contact our Obelisco Advisers experts for tailored advice and assistance in navigating yacht financing complexities.

Senior & Student Housing

Senior and student housing loans are specialized types of commercial real estate financing tailored for properties that cater to senior citizens or students. These loans support the acquisition, development, or refinancing of properties designed for senior living communities or student housing facilities. Here’s an overview:

Key Points:

1. Loan Purpose:

Senior Housing Loans: These loans are used for financing properties tailored to senior citizens, such as assisted living facilities, independent living communities, and memory care centers.
Student Housing Loans: These loans serve properties designed to accommodate students, including dormitories, apartment complexes, and other student housing options.

2. Loan Amounts: Typical loan amounts for senior and student housing loans can vary based on factors like the property’s size, location, and the borrower’s financial qualifications:

Senior Housing: Loans for senior housing may range from $1 million to $20 million or more, depending on the type of facility and its size.
Student Housing: Financing for student housing properties can start at $1 million and go up to tens of millions, with large, urban developments reaching higher amounts.

3. Loan Terms: The terms for these loans are flexible and can be tailored to the project’s specific requirements and the borrower’s needs:

Intermediate-Term: Loans with terms of three to seven years are suitable for smaller senior or student housing properties or construction projects.
Long-Term: Long-term loans may have terms ranging from seven to 25 years and are used for larger developments or refinancing existing debt.

4. Collateral and Personal Guarantees: Lenders may require the housing property itself as collateral, and personal guarantees from the borrower or property owner may be necessary.

5. Interest Rates: Interest rates can vary based on the lender’s policies and the specifics of the loan agreement. Rates may be fixed or variable.

Senior and student housing loans are vital for investors, developers, and organizations looking to provide specialized housing for seniors or students. The loan terms and amounts will be tailored to the specific property’s characteristics, location, and financial aspects. To explore senior and student housing property financing and determine the most suitable loan for your needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

Specialized financing: for senior and student housing ensures that the distinct needs of each demographic are met.
Varied Loan Amounts: Loans cater to both small and large senior or student housing projects.
Flexible Loan Terms: Terms are customized for different project needs, offering options for intermediate and long-term financing.

Light Industrial

Light industrial loans are a type of commercial real estate financing designed for properties with light industrial use. These properties typically include warehouses, flex space, and industrial parks used for activities like storage, assembly, and distribution. Light industrial loans are used to acquire, develop, or refinance such properties.

Key Points:

Property Type: Light industrial loans are specifically tailored for light industrial properties, which are versatile and often used for warehousing, distribution, and other commercial activities.
Loan Types: They can take various forms, including purchase loans for acquiring properties, construction loans for building or renovating, and refinancing loans to replace existing debt.
Loan Amounts: The typical loan amounts for light industrial loans can range from $500,000 to $5 million or more, depending on the lender and the borrower’s specific needs and qualifications.

For detailed guidance on light industrial loans and to determine the specific loan amounts available for your needs, please contact Obelisco Advisers experts.

Key Points to Remember

Property Type: Light industrial loans support properties used for warehousing, distribution, and light manufacturing.
Flexible Loan Terms: Loan terms can vary, offering options from short-term to long-term financing.
Balloon Payments: Some loans include balloon payments, requiring a lump-sum payment at the end of the term. Understanding loan structures is essential for successful financing.

Construction

Construction loans are a type of financing specifically designed to fund the construction of residential or commercial real estate projects. These loans are temporary and are typically replaced by long-term mortgage or permanent financing once the construction is complete. Here are key points to understand about construction loans:

1. Two Phases: Construction loans generally consist of two main phases:

Construction Phase: During this phase, funds are disbursed to cover construction costs, such as labor, materials, and contractor fees. Borrowers make interest-only payments based on the disbursed amount.
Permanent Phase: Once construction is finished, borrowers often seek permanent financing, like a mortgage, to repay the construction loan. This permanent financing converts the short-term loan into a long-term mortgage.

2. Interest-Only Payments: Borrowers typically make interest-only payments during the construction phase. This helps manage cash flow during the project.

3. Short-Term: Construction loans are short-term loans with terms that usually last from six months to three years, with an option for extensions if necessary.

4. Interest Rates: Interest rates on construction loans are usually higher than those for traditional mortgages, reflecting the short-term nature and higher risk of construction projects.

5. Loan-to-Cost Ratio: Lenders evaluate the loan-to-cost ratio, which compares the loan amount to the total cost of the construction project. Borrowers may need to contribute a certain percentage as a down payment.

6. Loan-to-Value Ratio: Lenders also consider the loan-to-value (LTV) ratio, which compares the loan amount to the appraised value of the property. The LTV ratio can influence the amount you can borrow.

7. Credit and Qualifications: Borrowers must meet specific credit and financial qualifications to secure a construction loan. Lenders assess creditworthiness, income, and the feasibility of the construction project.

8. Construction Draws: Funds are typically disbursed in stages, or “draws,” based on the completion of specific construction milestones. Borrowers need to provide documentation to prove that these milestones have been reached.

9. Builder and Contractor Involvement: Lenders often require that a licensed contractor or builder be involved in the project, ensuring that construction proceeds as planned.

10. Specialized Lenders: Construction loans are typically offered by banks, credit unions, and specialized construction loan lenders.

For a successful construction loan experience, it’s essential to engage the expertise of professionals. Please contact Obelisco Advisers experts to guide you and provide valuable advice throughout the construction loan process. They can offer insights and assistance to ensure a smooth transition to permanent financing once the construction project is complete.

Key Points to Remember

Project Financing: Construction loans fund new building projects, including residential and commercial developments.
Progressive Disbursements: Funds are released in stages as the project advances, with interest-only payments during construction.
Transition to Permanent Financing: These loans are temporary and often transition to permanent mortgages once construction is completed.

Self-Storage

Self-storage loans are a specific type of commercial real estate financing designed for properties used primarily for self-storage facilities, where individuals and businesses rent storage units to store their belongings. These loans are used for acquiring, developing, or refinancing self-storage properties. Here’s an overview of self-storage loans:

Key Points:

1. Loan Purpose: Self-storage loans serve various purposes related to self-storage facilities, including:

Acquisition Loans: Financing the purchase of existing self-storage properties.
Construction Loans: Funding the development or construction of new self-storage facilities.
Refinancing Loans: Replacing existing debt on self-storage properties with more favorable terms.

2. Loan Amounts: Typical loan amounts for self-storage loans can vary depending on factors like property size, location, and the borrower’s financial qualifications:

Small to Mid-Sized Facilities: Loans for smaller or mid-sized self-storage facilities may range from $1 million to $10 million.
Large Self-Storage Complexes: Financing for larger self-storage complexes, especially in urban areas, can exceed $10 million and go into the tens of millions or more.

3. Loan Terms: The terms for self-storage loans are flexible and can be customized to suit the specific project requirements and borrower’s needs. Typical loan terms range from:

Intermediate-Term: These loans may have terms of three to seven years and are suitable for smaller self-storage properties or construction projects.
Long-Term: Long-term loans can have terms ranging from seven to 25 years and are used for larger self-storage complexes or refinancing existing debt.

4. Collateral and Personal Guarantees: Lenders often require the self-storage property itself as collateral, and personal guarantees from the borrower may be necessary.

5. Interest Rates: Interest rates for self-storage loans can vary based on the lender’s policies and the specifics of the loan agreement. They may be fixed or variable.

Self-storage loans are essential for real estate investors and developers looking to acquire, develop, or manage self-storage facilities. The loan terms and amounts will be tailored to the specific property’s characteristics, location, and financial aspects. To explore self-storage property financing and determine the most suitable loan for your self-storage needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

For Self-Storage Facilities: These loans are for acquiring, developing, or refinancing self-storage properties.
Varied Loan Amounts: Loan amounts can vary widely, catering to both small and large self-storage facilities.
Flexible Terms: Loan terms can be customized to suit the property’s size and requirements, offering options for different projects.

Multifamily

Multifamily loans are a type of commercial real estate financing designed for properties that consist of multiple residential units, such as apartment buildings or multifamily housing complexes. These loans are used for acquiring, developing, or refinancing multifamily properties. Here’s information about multifamily loans, including typical loan terms and amounts:

Key Points:

1. Loan Purpose: Multifamily loans are used for various purposes related to multifamily properties, including:

Acquisition Loans: Financing the purchase of existing apartment buildings or multifamily complexes.
Construction Loans: Funding the development or construction of new multifamily housing projects.
Refinancing Loans: Replacing existing debt on multifamily properties with more favorable terms.

2. Loan Amounts: Typical loan amounts for multifamily loans can vary significantly based on factors such as the size of the property, location, and the borrower’s financial qualifications:

Small to Mid-Sized Properties: Loans for smaller multifamily properties may start at $1 million and can go up to $10 million or more.
Large Multifamily Complexes: Financing for larger multifamily complexes with numerous units can range from $10 million to $50 million or higher.

3. Loan Terms: The terms for multifamily loans can be flexible to accommodate the specific project requirements and borrower needs. Typically, loan terms range from:

Intermediate-Term: These loans have terms of three to seven years and are suitable for smaller multifamily properties or construction projects.
Long-Term: Long-term loans may have terms ranging from seven to 25 years and are used for larger multifamily properties or refinancing existing debt.

4. Collateral and Personal Guarantees: Lenders typically require the multifamily property itself as collateral, and personal guarantees from the borrower may also be necessary.

5. Interest Rates: Interest rates for multifamily loans can vary based on the lender’s policies and the specifics of the loan agreement. They may be fixed or variable.

Multifamily loans are vital for real estate investors and developers seeking to acquire, develop, or manage multifamily housing properties. The loan terms and amounts will be tailored to the specific project’s size, location, and financial characteristics. To explore multifamily financing and determine the most suitable loan for your multifamily property, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

For Residential Complexes: Multifamily loans are tailored for properties with multiple residential units.
Flexible Financing: Loan amounts vary, accommodating both smaller apartment buildings and larger multifamily complexes.
Customized Loan Terms: Terms are tailored to the property’s size and purpose, offering flexibility for different multifamily projects.

Warehouse

Warehouse loans are a type of commercial real estate financing designed for properties used primarily for storage, distribution, or logistics operations. These loans support the acquisition, development, or renovation of warehouse properties. Here’s an overview of warehouse loans:

Key Points:

1. Loan Purpose: Warehouse loans are used for various purposes related to warehouse properties, including:

Acquisition Loans: Financing the purchase of existing warehouse facilities.
Construction Loans: Funding the development or construction of new warehouse properties.
Refinancing Loans: Replacing existing debt on warehouse properties with more favorable terms.

2. Loan Amounts: Typical loan amounts for warehouse loans can vary widely, depending on factors like the size of the property, location, and the borrower’s financial qualifications:

Small to Mid-Sized Warehouses: Loans for smaller or mid-sized warehouses may range from $1 million to $10 million or more.
Large Warehouse Complexes: Financing for larger warehouse complexes, especially in logistics hubs, can exceed $10 million and go into the tens of millions or more.

3. Loan Terms: The terms for warehouse loans are flexible and can be customized to suit the specific project requirements and borrower needs. Typically, loan terms range from:

Intermediate-Term: These loans may have terms of three to seven years and are suitable for smaller warehouse properties or construction projects.
Long-Term: Long-term loans can have terms ranging from seven to 25 years and are used for larger warehouse complexes or refinancing existing debt.

4. Collateral and Personal Guarantees: Lenders often require the warehouse property itself as collateral, and personal guarantees from the borrower may be necessary.

5. Interest Rates: Interest rates for warehouse loans can vary based on the lender’s policies and the specifics of the loan agreement. Rates may be fixed or variable.

Warehouse loans are essential for real estate investors and logistics businesses seeking to acquire, develop, or manage warehouse properties for storage and distribution purposes. The loan terms and amounts will be tailored to the specific property’s size, location, and financial characteristics. To explore warehouse property financing and determine the most suitable loan for your needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

Storage Property Financing: These loans are for storage and logistics properties, serving acquisition, development, or refinancing needs.
Varied Loan Amounts: Loan amounts are adaptable, covering both small warehouses and large logistics complexes.
Customized Loan Terms: Terms are flexible, tailored to match the property’s unique requirements, offering options for different projects.

Mixed-Use

Mixed-use real estate loans are financing solutions designed for properties that serve both residential and commercial purposes within a single building or complex. These properties often combine features such as residential apartments or condos, retail spaces, office units, or other commercial elements. Here’s information about mixed-use real estate loans, including typical loan amounts and terms:

Key Points:

1. Loan Purpose: Mixed-use real estate loans are exclusively used for financing the acquisition, development, or renovation of mixed-use properties. These properties can include residential apartments or condos combined with retail stores, offices, or other commercial spaces.

2. Loan Amounts: The typical loan amounts for mixed-use real estate loans can vary significantly based on the location, size, and complexity of the property, as well as the borrower’s financial qualifications. As a general guideline:

Smaller mixed-use properties might secure loans ranging from $100,000 to $1 million or more.
Larger and more complex mixed-use properties, especially in urban areas, can secure loans ranging from $1 million to several million dollars.

3. Loan Terms: The terms for mixed-use real estate loans can be flexible to accommodate the property’s unique characteristics and the borrower’s needs. Typically, loan terms range from:

Intermediate-Term: These loans have terms of three to seven years, ideal for smaller mixed-use properties.
Long-Term: Long-term loans may have terms ranging from seven to 25 years, suitable for larger and more complex mixed-use properties.

4. Collateral and Personal Guarantees: Lenders may require the mixed-use property itself as collateral, and personal guarantees from the borrower or property owner may be necessary.

5. Interest Rates: Interest rates for mixed-use real estate loans can vary based on the lender’s policies and the specifics of the loan agreement. They may be fixed or variable.

Mixed-use real estate loans are crucial for investors and property developers looking to finance the acquisition, development, or improvement of mixed-use properties. The loan terms and amounts will be tailored to the property’s size, location, and intended use. To explore mixed-use real estate financing and determine the most suitable loan for your specific property needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

Versatile Financing: These loans support properties that blend residential and commercial elements within a single complex.
Varied Loan Amounts: Loan amounts are flexible, accommodating both smaller and larger mixed-use properties.
Tailored Loan Terms: Loan terms can be customized to suit the specific needs and complexity of the property, offering flexibility for different projects.

Industrial

Industrial loans, also known as commercial or industrial real estate loans, are financial products designed for businesses involved in industrial activities, such as manufacturing, warehousing, and distribution. These loans are used to support the acquisition, development, or improvement of industrial properties. Here are key points to understand about industrial loans:

1. Loan Types: Industrial loans can take various forms, including:

Purchase Loans: To acquire existing industrial properties or land for development.
Construction Loans: For financing the construction or renovation of industrial facilities.
Refinancing Loans: Used to replace existing industrial property debt with better terms, potentially freeing up capital.

2. Loan Purpose: Industrial loans are primarily used for real estate transactions, including purchasing warehouses, manufacturing plants, distribution centers, and other industrial properties.

3. Interest Rates and Terms: Interest rates on industrial loans can be fixed or variable, with terms ranging from five to 25 years, depending on the lender and the specific loan.

4. Eligibility Criteria: To qualify for industrial loans, businesses must meet the lender’s criteria, which often include financial stability, creditworthiness, and the ability to repay the loan.

5. Use of Funds: Industrial loans can cover costs associated with property acquisition, construction, renovation, or refinancing. These funds can be used for property purchase, machinery acquisition, infrastructure development, and other industrial needs.

6. Loan-to-Value (LTV) Ratio: Lenders evaluate the LTV ratio, which compares the loan amount to the appraised value of the property. A lower LTV ratio often results in more favorable loan terms.

7. Collateral: Industrial properties themselves serve as collateral for these loans. Lenders typically take a lien on the property being financed.

8. SBA Loans: The Small Business Administration (SBA) offers government-backed loan programs for small businesses, which can include industrial financing. These programs may provide favorable terms and lower down payment requirements.

9. Expert Guidance: Due to the complexities of industrial real estate transactions, working with experts and advisors who specialize in industrial loans can be invaluable.

Industrial loans are essential for businesses in need of financing to acquire, develop, or improve industrial properties. Whether it’s a warehouse, manufacturing facility, or distribution center, understanding the various loan options and working with financial professionals can help businesses make informed decisions to support their operations and growth. If you have specific questions or require assistance with industrial financing, please contact Obelisco Advisers experts for guidance and advice tailored to your needs.

Key Points to Remember

Property Financing: Industrial loans support businesses in acquiring, developing, or improving industrial properties.
Versatile Types: They come in forms like purchase, construction, and refinancing loans.
Expert Guidance: Specialized advisors are recommended for navigating complex industrial real estate transactions.

Medical/Healthcare

Key Points:

1. Loan Purpose: Medical and healthcare real estate loans are exclusively used for commercial real estate transactions related to healthcare facilities, such as:

Medical Office Buildings (MOBs): Financing the purchase or development of office buildings that house medical practices and healthcare services.
Clinics and Outpatient Centers: Funding the acquisition or construction of clinics and outpatient facilities.
Healthcare Facilities: Supporting the development or renovation of larger healthcare facilities, such as hospitals and specialty treatment centers.

2. Loan Amounts: Typical loan amounts for medical and healthcare real estate loans can vary significantly depending on the specific property, its location, and the borrower’s financial qualifications:

Medical Office Buildings: Loans for MOBs may range from $1 million to $20 million or more, depending on the size and location of the building.
Clinics and Outpatient Centers: Loans for smaller clinics may start at $500,000 and go up to several million dollars.
Healthcare Facilities: Financing for larger healthcare facilities, including hospitals, can reach tens of millions or more, depending on the project’s scale.

3. Loan Terms: The terms for medical and healthcare real estate loans can vary but typically range from:

Intermediate-Term: With terms of three to seven years, these are suitable for smaller projects like clinics or smaller MOBs.
Long-Term: Long-term loans may have terms ranging from seven to 25 years and are used for more significant projects like hospitals or larger MOBs.

4. Collateral and Personal Guarantees: Lenders often require the healthcare property itself as collateral, and personal guarantees from the business owner or partners may be needed.

5. Interest Rates: Interest rates can be fixed or variable, depending on the lender and the specific loan agreement.

Medical and healthcare real estate loans are essential for healthcare providers looking to secure suitable properties to offer their services effectively. The loan terms and amounts are highly dependent on the nature and size of the commercial healthcare property in question. To explore medical and healthcare real estate financing and determine the most suitable loan for your specific property needs, please contact Obelisco Advisers experts for tailored guidance and support.

Key Points to Remember

Specialized Healthcare Properties: These loans are designed for acquiring or developing healthcare-related commercial properties.
Varied Loan Amounts: Loan amounts can range from smaller clinics to substantial medical office buildings or hospitals, tailored to the property’s scale.
Flexible Loan Terms: Terms can be adapted to the project’s size, whether it’s a small clinic or a large healthcare facility.

Hotel

Hotel loans are a specialized form of commercial real estate financing designed to fund the acquisition, construction, renovation, or refinancing of hotels and other lodging properties. These loans cater to the unique needs of the hospitality industry and come with specific considerations. Here are key points to understand about hotel loans:

1. Loan Types: Hotel loans can take various forms, including:

Purchase Loans: To acquire an existing hotel property.
Construction Loans: To fund the development of a new hotel or the renovation of an existing one.
Refinancing Loans: To replace existing hotel debt with better terms, potentially freeing up capital.

2. Interest Rates and Terms: Interest rates on hotel loans can vary and may be fixed or variable. Loan terms typically range from five to 25 years, depending on the lender and the type of loan.

3. Hotel Types: Hotel loans can be used for a range of lodging properties, including boutique hotels, luxury resorts, budget motels, and everything in between.

4. Lender Expertise: Hotel loans often require specialized knowledge and experience due to the unique challenges of the hospitality industry. Lenders with expertise in this area can provide more tailored financing solutions.

5. Key Metrics: Lenders consider key metrics such as the hotel’s historical and projected financial performance, location, and market demand. These factors impact loan eligibility and terms.

6. Franchise Considerations: If you’re acquiring or developing a franchised hotel, the franchise brand may have specific requirements that influence your loan terms and approvals.

7. Loan-to-Value Ratio: The loan-to-value (LTV) ratio, which compares the loan amount to the property’s appraised value, is a crucial factor in hotel loans. A lower LTV ratio often results in more favorable terms.

8. Experienced Operators: Lenders may look for experienced hotel operators or management teams to ensure the hotel’s success.

9. Use of Funds: Lenders may want to know how the funds will be used, whether for property acquisition, renovations, or other purposes.

10. SBA Loans: The Small Business Administration (SBA) offers government-backed loan programs for small businesses in the hospitality industry. These programs can provide favorable terms and lower down payment requirements.

For hotel financing, it’s essential to work with experts who understand the complexities of the hospitality industry and can help you secure the right loan for your specific needs. Please contact Obelisco Advisers experts to guide you and provide valuable advice throughout the hotel loan process.

Key Points to Remember

Tailored Hospitality Financing: Hotel loans are designed for the unique needs of the hospitality industry, supporting property acquisition, renovations, and development.
Versatile Property Types: They can be used for various lodging properties, including boutique hotels, resorts, and motels, among others.
Industry Expertise: Working with specialized lenders and advisors is crucial due to the complexities of the hotel sector.

Office

Office loans are a type of commercial real estate financing designed for properties used primarily for office spaces, such as office buildings and business centers. These loans are used for the acquisition, development, or refinancing of office properties. Here’s information about office loans:

Key Points:

1. Loan Purpose: Office loans are used for various purposes related to office properties, including:

Acquisition Loans: Financing the purchase of existing office buildings.
Construction Loans: Funding the development or construction of new office properties.
Refinancing Loans: Replacing existing debt on office properties with more favorable terms.

2. Loan Amounts: Typical loan amounts for office loans can vary widely based on factors such as the size of the property, location, and the borrower’s financial qualifications:

Small to Mid-Sized Properties: Loans for smaller or mid-sized office buildings may range from $1 million to $20 million.
Large Office Complexes: Financing for larger office complexes, especially in major urban areas, can reach tens of millions or more.

3. Loan Terms: The terms for office loans are flexible and can be tailored to the specific project requirements and borrower’s needs. Typically, loan terms range from:

Intermediate-Term: These loans have terms of three to seven years and are suitable for smaller office properties or construction projects.
Long-Term: Long-term loans may have terms ranging from seven to 25 years and are used for larger office complexes or refinancing existing debt.

4. Collateral and Personal Guarantees: Lenders often require the office property itself as collateral, and personal guarantees from the borrower or property owner may be needed.

5. Interest Rates: Interest rates for office loans can vary based on the lender’s policies and the specifics of the loan agreement. They may be fixed or variable.

Office loans are crucial for real estate investors, developers, and businesses seeking to acquire, develop, or manage office properties. The loan terms and amounts will be tailored to the specific property’s size, location, and financial characteristics. To explore office property financing and determine the most suitable loan for your office property needs, please contact Obelisco Advisers experts for personalized guidance and support.

Key Points to Remember

Office Property Financing: These loans are for office buildings, whether for purchase, development, or refinancing.
Varied Loan Amounts: Loan amounts vary, catering to both small office buildings and large complexes.
Flexible Terms: Loan terms are customizable, offering options for both intermediate and long-term financing to match property needs.

Non-Warrantable Condominium Loans

Non-warrantable condominiums are units that fail to meet the lending standards of government-sponsored enterprises–Fannie Mae and Freddie Mac–or the government agencies FHA and VA. These properties are not eligible for traditional loans; thus, making the financing options more limited.

What makes a condo non-warrantable?

The specific guidelines vary, but in broad strokes, warrantable condos must have these general characteristics:

A single person or entity does not own a large percentage of the units;
The majority of the units are owner-occupied;
It does not allow short-term rentals;
There is adequate insurance coverage to protect the project from unexpected losses;
There are sufficient budget reserves for replacements for items such as elevators or repairs;
There is a low percentage of unit owners delinquent in their homeowner association (HOA) assessment fees;
No fraud has been committed by officers of the HOA; and
There is no serious litigation by or against the HOA that could result in costly legal fees.

If a project fails to satisfy any of the above requirements, your unit of interest is deemed non-warrantable. For example, if construction is not complete yet, the project is still owned by the developer; hence, failing the requirement that a single person or entity does not own a large percentage of the units.

Key Points to Remember

Limited Financing: These condos don’t meet lending standards, which limits financing options.
Warrantable Criteria: Diverse ownership, insurance, budget reserves, and more.
Common Non-Warrantable Examples: Incomplete construction or high single-entity ownership, high investor concentration.

Home Construction Loans

A construction loan is a short-term residential loan that provides borrowers with the funds needed for the construction or renovation of their homes. Funds are typically drawn in stages as the project progresses. The loan usually lasts for a year, during which you are expected to complete the project and receive the certificate of occupancy.

This type of loan carries more risk than other residential mortgages because the real estate being financed is not yet existed in the first place. To make up for this risk, construction mortgages can come with a higher interest rate. As such, borrowers typically refinance their initial loans with a long-term permanent residential mortgage once the property is built.

Key Points to Remember

Home Building Loans: Short-term funds for construction or renovation.
One to Two Year Duration: Loan duration to complete the project and get occupancy.
Higher Rates, Future Refinance: Due to risk, they often have higher rates, and borrowers refinance with a permanent mortgage later.

Foreign National Loan

If you are a citizen from another nation, you can still have the opportunity to get a mortgage loan to buy a property in the United States. A mortgage loan to a non-resident person in the U.S.A. is called a Foreign National Mortgage loan. A foreign national who is not a resident of the United States will in many cases seek to own real estate. Financing real estate is generally done by US mortgage companies and banks to United States citizens. The property can become a second or vacation home while staying in America. It could also be an investment property.

Key Points to Remember

International Buyers: Non-U.S. citizens can get U.S. mortgage loans.
Versatile Usage: Loans for second homes, vacations, or investments.
U.S. Lenders: Mortgage companies and banks extend these opportunities.

Self-Employed Loans

A self-employed loan, also known as a self-employed mortgage or business owner loan, is a type of mortgage designed for individuals who are self-employed, freelancers, or small business owners. Traditional mortgage loans often require steady, predictable income, which can be challenging to demonstrate for self-employed individuals who may have fluctuating income or write-offs for tax purposes. Self-employed loans are tailored to address these unique financial situations by considering alternative documentation and income verification methods.

Lenders offering self-employed loans typically require documents such as tax returns, business financial statements, bank statements, and other financial records to assess a borrower’s income and ability to repay the loan. These loans aim to make homeownership accessible to those who don’t fit the typical employment and income profiles required by standard mortgage loans. Self-employed loans can have different terms and qualifications than traditional mortgages, so working with a knowledgeable lender or mortgage broker can be crucial for obtaining the best financing options.

Key Points to Remember

For Self-Employed: Mortgages designed for those with fluctuating incomes.
Non-Traditional Documentation: Often require tax returns and business financials.
Accessible Homeownership: A solution for self-employed individuals to buy homes.

Fix and Flip Loan

Fix-and-flip loans are short-term credits intended to help real estate investors to acquire property, renovate it, and resell it at a profit. They allow investors to fix up an outdated or unappealing property and make proceeds from selling it. Sometimes referred to as “private money loans,”, fix-and-flip loans are offered by private investors or an investor fund rather than banks and credit unions.

Key Points to Remember

Real Estate Flips: Short-term credits for property investors.
Private Financing: Offered by private investors, not banks.
Renovate and Resell: Used to fix up and profit from property sales.

Conventional Loan

A conventional loan is a mortgage loan that’s not backed by a government agency. Conventional loans are broken down into “Conforming” and “Non-Conforming” loans.

Conforming conventional loans follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). However, some lenders may offer some flexibility with non-conforming conventional loans.

Key Points to Remember

No Gov’t Backing: Conventional loans lack government support.
Conforming & Non-Conforming: Split into these two categories.
Fannie & Freddie: Conforming loans adhere to Fannie Mae and Freddie Mac rules.

Bridge Loan

A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a “caveat loan,” and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common but is used in a more restricted sense than is common elsewhere.

A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to “take out” (i.e. to pay back) the bridge loan, as well as other capitalization needs.

Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of the loan amount), and other costs that are amortized over a shorter period, and various fees and other “sweeteners” (such as equity participation by the lender in some loans). The lender also may require cross-collateralization and a lower loan-to-value ratio. On the other hand, they are typically arranged quickly with relatively little documentation.

Key Points to Remember

Short-Term Interim Financing: Bridge loans bridge the gap for 2 weeks to 3 years.
Immediate Capital Solution: Ideal for quick access to funds while awaiting permanent financing.
Higher Costs, Faster Approval: Bridge loans come with higher expenses.

Condotel Loan

A condotel is a condominium project that is operated as a hotel with a registration desk, cleaning service, and more. The units are typically individually owned. Unit owners also have the option to place their unit in the hotel’s rental program where it is rented out like any other hotel room to paying guests.

Condotels are typically sold as secondary homes rather than as primary residences.

Key Points to Remember

Condotel: Invest in hotel-like condos with rental options.
Secondary Homes: Typically for vacations, not primary residences.
Individual Ownership: Units can be rented out for extra income.

Investor Loan

A residential investment loan provides financing that allows the borrower to purchase or refinance a residential non-owner-occupied property, which means that the borrower will not occupy the property. Instead, the property is used to generate income, usually by renting out the property, or by fixing and flipping it.

To qualify for a residential investment loan, the subject property must have 4 units or fewer (quadplexes, triplexes, duplexes, and single-family residences). A property with 5 or more units is considered a commercial property and will require a commercial real estate loan instead. (If you need a commercial loan, you should consider these creative commercial real estate loans with flexible requirements.)

Here are the traditional residential property types eligible for these types of loans:

Single-family residences
2-4 units (duplexes, triplexes, quadplexes)
Condominiums (warrantable)
Townhomes
Planned urban developments (PUDs)

There are also creative loan programs that cover non-traditional property types, including:

Non-warrantable condominiums
Co-ops
Short-term rental properties (e.g., condotels or condo-hotels, Airbnb, Vrbo, etc.)

Key Points to Remember

Income Properties: For non-owner-occupied properties that generate income.
Property Size Limit: Up to four units, not commercial properties.
Eligible Property Types: Traditional and non-traditional options, like short-term rentals.

Jumbo Loan

In the United States, a jumbo loan is a mortgage loan that may have high credit quality but is in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender. Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders, allowing them to free up liquidity to lend more mortgages. When FNMA and FHLMC limits don’t cover the full loan amount, the loan is referred to as a “jumbo mortgage”. Traditionally, the interest rates on jumbo mortgages are higher than for conforming mortgages, however, with GSE fees increasing, Jumbo loans have recently seen lower interest rates than conforming loans.

Key Points to Remember

High-Balance Mortgages: Exceed standard loan limits.
Set by GSEs: Fannie Mae and Freddie Mac determine the limits.
Interest Rate Variability: Traditionally higher, but now sometimes lower than conforming loans due to market changes.

FHA Loan

An FHA insured loan is a US Federal Housing Administration mortgage insurance-backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because this type of loan is more geared towards new house owners than real estate investors, FHA loans are different from conventional loans in the sense that the house must be owner-occupant for at least a year. Since loans with lower down payments usually involve more risk to the lender, the home-buyer must pay two-part mortgage insurance that involves a one-time bulk payment and a monthly payment to compensate for the increased risk. 15 Frequently, individuals “refinance” or replace their FHA loan to remove their monthly mortgage insurance premium. Removing mortgage insurance premium by paying down the loan has become more difficult with FHA loans as of 2013.

The program originated during the Great Depression of the 1930s when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance. The government-subsidized some FHA programs, but the goal was to make it self-supporting based on borrowers’ insurance premiums. Over time, private mortgage insurance (PMI) companies came into play. Now FHA primarily serves people who cannot afford a conventional down payment or do not qualify for PMI. The program has since this time been modified to accommodate the heightened recession.

Key Points to Remember

FHA Backing: These loans are backed by the Federal Housing Administration.
Affordable for Many: They’re designed for lower-income homebuyers with lower down payments.
Owner-Occupied Homes: Borrowers pay mortgage insurance.

VA Loan

A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists, and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction. The VA does not originate loans but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered, and financially guarantees loans that qualify under the program.

The basic intention of the VA home loan program is to supply home financing to eligible veterans and to help veterans purchase properties with no down payment. The loan may be issued by qualified lenders.

The VA loan allows veterans 103.3 percent financing without private mortgage insurance (PMI) or a 20 percent second mortgage and up to $6,000 for energy-efficient improvements. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA; this fee may also be financed and some may qualify for an exemption. In a purchase, veterans may borrow up to 103.3% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly PMI, more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment. In a refinance, where a new VA loan is created, veterans may borrow up to 100% of a property’s reasonable value, where allowed by state laws. In a refinance where the loan is a VA loan refinancing to a VA loan (IRRRL Refinance), the veteran may borrow up to 100.5% of the total loan amount. The additional .5% is the funding fee for a VA Interest Rate Reduction Refinance.

VA loans allow veterans to qualify for loan amounts larger than traditional Fannie Mae / conforming loans. Standard VA guidelines state that the VA will insure a mortgage where the monthly payment of the loan is up to 41% of the gross monthly income vs. 28% for a conforming loan assuming the veteran has no monthly bills, although there is no hard limit to the DTI for a VA home loan. Veterans have been known to be approved with a DTI of up to 80% if there are other factors that strengthen their loan application. These factors include a low Loan-To-Value (LTV), sufficient residual income, additional income received but not used to qualify for the loan, good credit, etc.

Key Points to Remember

Veterans’ Home Loans: Government-backed mortgages for eligible veterans, active military, and select spouses, allowing no down payment.
Unique Benefits: Up to 103.3% financing, no PMI, energy-efficient improvements, and flexible DTI ratios.
Bigger Loan Amounts: VA loans often enable veterans to borrow more than traditional conforming loans due to relaxed qualification criteria.

Rentals

Finding the Right Rental Property Whether you’re looking for a short-term rental or a long-term lease, we connect tenants and landlords with the best rental properties.

Key Points to Remember

Wide Selection: Access rental properties in prime locations.
Fair Leasing Terms: Ensure tenant and landlord satisfaction.
Move-in Assistance: Support through lease agreements and setup.

Real Estate Closing Attorneys

Ensuring Legally Sound Transactions Our experienced closing attorneys assist in finalizing real estate deals, ensuring that all contracts and financial transactions comply with legal standards.

Key Points to Remember

Legal Protection: Avoid contractual risks and fraud.
Document Review: Ensure accuracy and completeness in agreements.
Smooth Closings: Prevent delays and unexpected legal issues.

Title Company Services

Securing Your Property Rights We facilitate seamless real estate transactions by ensuring clear property titles, legal compliance, and proper documentation.

Key Points to Remember

Title Search & Insurance: Protect against property disputes.
Smooth Closings: Ensure secure and hassle-free transactions.
Legal Expertise: Handle complex property ownership matters.

Property Management

Effortless Real Estate Investment We offer full-service property management, from tenant screening to maintenance, ensuring a hassle-free experience for property owners.

Key Points to Remember

Tenant Relations: Professional screening and lease management.
Maintenance & Repairs: Ensure properties remain in top condition.
Maximized ROI: Reduce vacancies and optimize rental income.

Property Staging

Presenting Your Home for Maximum Appeal Professional property staging enhances the visual appeal of a property, increasing its chances of selling faster and for a higher price.

Key Points to Remember

First Impressions Matter: Attract buyers with a well-presented space.
Faster Sales: Staged homes sell quicker than unstaged ones.
Higher Offers: Buyers are willing to pay more for well-staged properties.

Home Improvement

Enhancing Property Value and Appeal We assist homeowners with renovations, upgrades, and remodeling to increase property value and improve living conditions.

Key Points to Remember

Value Addition: Boost resale value with strategic improvements.
Expert Contractors: Connect with trusted professionals for quality work.
Aesthetic & Functional Upgrades: Transform spaces to fit your lifestyle.

New Development

Shaping the Future of Real Estate We guide clients through new developments, from land acquisition to project completion, ensuring optimal investments in growing areas.

Key Points to Remember

Prime Locations: Invest in upcoming and high-value developments.
Customization: Opportunities to personalize property features.
Long-Term Appreciation: Secure properties with strong future value.

Industrial Real Estate

Empowering Growth with the Right Space We assist businesses in securing warehouses, manufacturing plants, and logistic centers tailored to their industry needs.

Key Points to Remember

Specialized Properties: Locate spaces suited for industrial use.
Infrastructure Evaluation: Ensure facilities meet business requirements.
Scalability Options: Find properties that allow future expansion.

Commercial Real Estate

Maximizing Business Potential From office spaces to retail properties, we provide tailored solutions to help businesses secure ideal locations that align with their operational and financial goals.

Key Points to Remember

Strategic Investment: Find high-ROI commercial spaces.
Market Trends Analysis: Stay ahead in the commercial property landscape.
Lease & Purchase Guidance: Navigate contracts and negotiations with ease.

Residential Real Estate

Finding Your Perfect Home Whether you’re buying, selling, or investing, we offer expert guidance on residential properties, ensuring seamless transactions and optimal returns.

Key Points to Remember

Tailored Search: We match you with properties that fit your needs.
Market Expertise: Get insights into neighborhood trends and pricing.
Smooth Transactions: Assistance through financing, negotiations, and closing.

Access to MLS (Multiple Listing System) of Properties

Exclusive Property Listings at Your Fingertips Our access to the MLS allows clients to view a vast selection of residential, commercial, and investment properties. This ensures a competitive edge in buying or selling real estate.

Key Points to Remember

Comprehensive Listings: Access the latest available properties.
Market Transparency: Compare property prices and trends.
Faster Transactions: Streamline buying and selling processes.

Real Estate Market Analysis

Understanding the Market to Maximize Your Investment A comprehensive real estate market analysis helps buyers, sellers, and investors make informed decisions. We evaluate market trends, comparable properties, and economic indicators to provide accurate property valuations and investment insights.

Key Points to Remember

Data-Driven Insights: Gain access to property value trends and market conditions.
Investment Strategy: Identify opportunities for growth and profitability.
Risk Mitigation: Reduce financial risks by making informed decisions.

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